Japanese solar & storage platform changes hands: Trinasolar has sold the solar and battery energy storage system (BESS) project development platform of Trina Solar Japan Energy’s (TSJE) to Second Foundation Japan. TSJE established the platform in 2013 to undertake development, construction and operation of solar and BESS projects in Japan. Second Foundation has been present in the Japanese energy trading and aggregation market since 2023. Michal Skalsky, the Second Foundation COO in a LinkedIn post, stated that TSJE acquisition strengthens it as an integrated renewable energy and storage solutions company. President of Trina Solar International System Business Unit Linhui Sui explained that the company’s decision to sell the platform as it adjusts market focuses by dedicating its development resources in Europe, the US and other Asia Pacific nations.
EPC for 52 MW in Malaysia: Asian renewable energy player Constant Energy has awarded the EPC contract for a 52 MW large-scale solar project in Malaysia’s Kampung Gajah to ERS Energy Sdn Bhd. It won the project under the country’s Large-Scale Solar Round 5 (LSS5) program launched in April 2024 executed by Malaysia’s Suruhanjaya Tenaga or the Energy Commission. Constant Energy expects the 52 MW project to contribute to reducing the country’s reliance on fossil fuels.
BII backs green efforts in Vietnam: British International Investment (BII) has supported Ho Chi Minh City Development Commercial Bank’s (HDBank) inaugural international green bond program to advance Vietnam’s sustainable finance agenda. The bond proceeds will fund solar energy, electric vehicles, green buildings, and energy-efficiency projects. These are expected to bring down around 102,000 tons of carbon emissions over 10 years in line with Vietnam’s Net Zero 2050 goal, it added. BII has committed $20 million to the second tranche alongside FMO’s $30 million, following IFC’s $50 million in the first tranche, strengthening Vietnam’s green finance ecosystem and energy transition.