Renewables and storage investment platform Constant Energy has acquired 17.5MW of operating ground-mount solar PV assets, a team of developers and operators, and a pipeline of development in Thailand from Sonnedix.
Vietnam’s final solar power purchase agreement (PPA) has to a large extent ignored recommended changes from a group of international Chambers of Commerce and therefore its attractiveness to foreign investors remains in doubt, according to representatives from law and finance sectors.
The Asian Development Bank (ADB) has approved two loans, adding up to US$1.1 billion, that will help strengthen and round out Indonesia’s energy sector — spurring growth within the country and increasing access to renewable-energy sources.
Filipino power firm Phinma Energy Corporation, the energy arm of Philippine Investment Management, has been granted rights by the Philippines Department of Energy (DOE) to develop a 45MW solar PV project in the Province of Batangas, according to an SCE filing.
Thai energy and waste management firm Padaeng Industry (PDI) has acquired a portfolio of six operational solar PV farms in Thailand with a combined capacity of 30MW from Armstrong Asset Management and Dragon Capital for a total of THB1.3 billion (US$39 million).
Filipino president Rodrigo Duterte today inaugurated the Philippines first solar module manufacturing facility with an expanded capacity of 800MW at Santo Tomas, Batangas, owned by renewable energy firm Solar Philippines.
A nation made up of thousands of small islands should be a blessing to any off-grid renewable energy firm, but poor access to upfront financing makes Indonesia a tougher proposition than one would expect. To discuss the market, PV Tech caught up with Verania Andria, associate director, community renewable energy, Millennium Challenge Account Indonesia, which focuses on financing off-grid renewables in Indonesia with grant funding.