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ADB Invest $50m in Avaada Energy India

The Asian Development Bank (ADB) has agreed to invest USD 50 million (EUR 44m) in Avaada Energy Private Limited (AEPL) to aid the Indian renewables developer in expanding solar power generating capacity. ADB said in a statement that the current equity investment will help Avaada Energy to exceed 2 GW of capacity, having in mind that the company has already secured power purchase agreements (PPAs) for about ...

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AC Energy Closing in on $1 Billion Deal for Renewables

AYALA CORPORATION’S POWER ARM AC ENERGY IS LOOKING FORWARD TO CLOSE A FINANCIAL DEAL WORTH $1 BILLION FOR RENEWABLE POWER PROJECTS FOR THE NEXT 12-18 MONTHS. The planned project will have a capacity of around 800 MW and will be located in Australia, Vietnam, and Philippines. “In Australia, we are hoping to get financial close for the first half of our 700-MW solar project, so call it 350 MW. For Vietnam, I ...

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Eversource infuse 100 Million in Ayana

 Ayana Renewable Power Pvt Ltd will receive USD 330 million (EUR 290.4m) in funding from CDC Group plc and two new investors -- EverSource Capital and the National Investment and Infrastructure Fund of India (NIIF). The announcement came on Thursday and follows earlier reports in Indian media that EverSource Capital was to infuse about USD 100 million in Ayana. Founded by CDC, the UK's development fina ...

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Central Asia’s Largest Solar Plant Open in Karaganda

 “The head of state set us a task to bring the share of alternative energy up to 30 percent by 2030. Today, we have taken a big step towards achieving this goal. The solar power plant launched today has 100 megawatt power. To understand the power, this energy will be enough for 10 small cities. I’ll add that two more solar power stations with a total capacity of 90 megawatts are under construction in our re ...

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Google’s First Floating Solar Project

Google will build a floating solar farm above fishing ponds in Taiwan, in the company’s first foray into Asia’s renewable energy market. The company will work with Diode Ventures, Taiyen Green Energy, J&V Energy and New Green Power to build the 10MW facility. Floating solar farms have become popular in the Asia-Pacific regions because they can be built over water, negating the need for large tracts of c ...

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Malaysia Seeking More Solar Power

According to a recent report, the Malaysian state of Kedah recently announced that it is inviting investors to develop more green technology-based projects in the state, especially those relating to solar power. The state’s Chief Minister said this would not only create more jobs but also establish many new business opportunities in terms of the handling, maintenance and installation of solar panels at comm ...

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The Future is Bright For Floating Solar in South East Asia

Thailand and Singapore among nations keen on such projects in land-scarce region BANGKOK • Solar power companies in South-east Asia that are competing for land with agriculture, industry and expanding populations have found an innovative alternative - to put floating panels in lakes, dams, reservoirs and the sea. Earlier this week, state utility Electricity Generating Authority of Thailand (Egat) said it wo ...

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EBRD Fund 50MW Solar Project in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD includes a local currency loan of up to  $40.4 million in Kazakhstan Tenge and a loan of up to $10 million from the Green Climate Fund (GCF). The new project, which will be located in Chulakkurgan, so ...

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Enphase Energy Appoint New GM For APAC

Enphase Energy a global energy technology company and the world’s leading supplier of solar microinverters, announced today that Wilf Johnston has been appointed general manager for the Asia-Pacific (APAC) region. He will oversee the development of new business opportunities in the region and the customization of solutions to best meet customer needs. “We are excited to have Wilf join our team,” said Dave R ...

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