Vietnam’s final solar PPA still short of bankability

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.

Phinma approved to develop 45MW solar project in the Philippines

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.

Padaeng Industry bags 30MW Thai solar portfolio

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).

PV Talk: Beating upfront costs of off-grid renewables in Indonesia

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.