Enel, through a joint venture between the Group’s fully-owned renewable energy subsidiary Enel Green Power S.p.A. (“EGP”) and Dutch Infrastructure Fund (“DIF”), has begun construction of the 137.7 MW1 Bungala Solar One photovoltaic (PV) plant, which is located near Port Augusta in South Australia. The plant constitutes the first part of the Bungala Solar PV Project, whose capacity will total more than 275 M ...

The European Investment Bank (EIB) has agreed to provide an €800m loan to promote investment in India’s renewable energy market. To be used to support small-scale renewable energy (RE) projects across India, this funding will be one of the bank’s largest energy investments in Asia. The EIB has also partnered with the Indian Renewable Energy Development Agency (IREDA) and India Infrastructure Finance Company ...

Indonesia’s first ocean energy independent power producer, SBS Energi Kelautan (SBSEK), has announced it has completed final investment decision with SBS International Ltd. (SBS) to move forward with the 12 MW, Phase I of the 150-MW Nautilus marine energy project in Lombok, Indonesia. SBS is a privately-owned international marine, subsea and renewable energy project developer based in Aberdeen, Scotland. Th ...

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Vestas Wind Systems A/S announced a flurry of wind turbine orders to mark the end of the third quarter last week, with orders from the United States, India, Europe, and Latin America totaling 463 megawatts. Danish wind turbine manufacturer Vestas Wind Systems A/S announced on September 29, the last business day of the third quarter, eight separate wind turbine orders that amounted to 463 MW (megawatts), inc ...

Asian Infrastructure Investment Bank (AIIB) has planned to help India improve its power transmission network and expand the use of solar and wind energy with a loan of 100 million U.S. dollars. The loan approved by the Board of Directors of AIIB involves co-financing of 50 million U.S. dollars from the Asian Development Bank. This was the fourth co-financing made by AIIB and ADB, two major multilateral deve ...

If just 0.1 per cent of Indonesia’s land area was used to generate solar energy, about 40 per cent of the energy demands of the vast archipelago of 260 million people could be met, according to data from the Solar Energy Research Institute of Singapore (SERIS). But the uptake of solar in Southeast Asia’s largest economy is lagging in a region that—despite being twice as sunny as Northern Europe—is strugglin ...

Padaeng Industry Public Co Ltd (PDI) plans to further expand its capacity to generate renewable energy by signing a memorandum of understanding to jointly invest in two hydropower plants in Laos with a total capacity of 114 megawatts. The investment objective is to help PDI acquire solar and hydropower plants in Asia with total capacity up to 200MW within two years. Francis Vanbellen, PDI’s managing directo ...

Compared to deregulated electricity markets in other parts of the world, in much of the Asia Pacific region the electricity supply industry is characterised by incumbent suppliers with exclusive rights to supply to consumers. These monopolistic suppliers are also the only permitted buyers of wholesale power from any licensed power generators. These energy supply chains constrain opportunities for new entran ...

Growing demand for more resilient power supplies will spur $22.3 billion of global investment in battery-backed local energy systems over the next decade, according to Navigant Research. Villages and homes in far-flung places will drive the expansion of microgrids, small-scale solar systems with batteries that can retain power until it’s needed. Navigant expects 14.9 gigawatts to be in operation in 2026, up ...