720 MW solar & storage farm in Australia: Spanish renewable energy company X-Elio has proposed to develop a 720 MW solar and 720 MW battery energy storage project (BESS) with 4-hour/2,880 MWh capacity in Australia’s Queensland. The North Burnett Renewable Energy Hub is proposed to be developed near Gladstone in Queensland. It has now been referred for assessment under the federal Environment Protection and Biodiversity Conservation (EPBC) Act. The consultation opened on January 14, 2025 and will remain open until January 29, 2025.
Pertamina NRE invests in Citicore: Indonesian state-owned firm PT Pertamina Power Indonesia has ventured into the Philippines market through a strategic partnership with renewable energy company Citicore Renewable Energy Corporation (CREC). PT Pertamina’s subsidiary PT Pertamina New and Renewable Energy (Pertamina NRE) will acquire a 20% stake in CREC for $115 million. This investment paves the way for CREC to partner with Pertamina NRE to develop renewable energy projects in Indonesia and beyond. Proceeds from the agreement will contribute to the development of CREC’s pipeline of renewable energy projects nationwide in line with its goal of contributing approximately 1 GW of green energy capacity/year as part of its ‘5GW in 5 years’ roadmap.
$10 million for ecoligo: French sustainable investment manager Mirova has announced an investment of $10 million to help commercial and industrial (C&I) solar industry player ecoligo finance its projects in Vietnam. An affiliate of Natixis Investment Managers, Mirova said this is the maiden investment of its Mirova Gigaton Fund in Vietnam. The senior debt financing from Mirova will enable ecoligo to grow its C&I solar business in Vietnam, where it caters to a variety of sectors including hotels and agricultural facilities, private hospitals and universities.
ZEN & HDRE partner: Australia’s ZEN Energy has entered into a strategic partnership with Taiwan-based HD Renewable Energy for 1.4 GW solar PV and BESS projects. Their joint green energy investment and asset management platform called ZEBRE focuses on developing storage assets in Australia, Taiwan, and other countries such as Japan. The 1st investment for ZEBRE is the Solar River Project in South Australia with 210 MW PV and 256 MW of BESS capacity. It will generate stable, long-term revenue through tolling agreements, they said.
Net Zero status for Brisbane Airport: Australia’s Brisbane Airport has announced achieving a net zero status, becoming the country’s 1st airport to have achieved the status. It has reduced its Scope 1 and 2 emissions by 97%. The airport is now 100% renewable energy powered thanks to the offtake of 100% renewable electricity generation from Stanwell for Queensland-based wind farm and solar energy representing a combined 185 GWh, and expansion of onsite solar to 10 MW. “It means renewable backed power will operate everything from the systems you use at check-in, baggage conveyors, air conditioning, departure screens, escalators, electric ground services equipment, right through to the runway lights that guide your aircraft safely into the sky,” said Brisbane Airport’s CEO Gert-Jan de Graaff. The airport had targeted to achieve net-zero status by 2025, slashing the deadline by 25 years.
The airport has also replaced 24 traditional internal combustion engine fleet vehicles with electric-powered vehicles. The remaining 3% of emissions have been offset through native bush regeneration projects in southwest Queensland, via Tasman Environmental markets, it stated.
10 MW floating solar project: Malaysian solar company Founder Group has landed a contract to build a 10 MW floating solar power project in Malaysia’s Selangor. The MYR 20 million ($4.4 million) project will see the Founder Group installing the project on close to 24 acres of water in Kuala Langat with 15.03 GW DC/9.99 MW AC capacity. The project is scheduled to be completed by June 30, 2025.
1 GW solar project in Myanmar: Yunnan Electric Power Design Institute, a subsidiary of the China Energy Engineering Group, has signed a technical service contract for a 1 GW solar power plant in Myanmar. Myanmar Gold Energy signed the contract for the Mandalay project with Yunnan. This is the 1st technical service contract for a GW-scale PV project in the country, said Yunnan Institute.
312 MW changes hands in Japan: The Japan-focused renewable energy platform of Actis, Nozomi Energy has completed the acquisition of 12 operational solar projects with a combined 312 MW. The assets comprise projects starting from 1 MW to over 60 MW capacity. Of the 12 projects, 9 are located in Japan’s central and economically dynamic Kanto areas, and the remaining in Tohoku, Chubu, and Kyushu regions. All the projects operate under feed-in-tariff (FIT) contracts that will last till 2040, providing Nozomi with stable and predictable cash flows. Actis launched Nozomi in May 2023. It has close to 750 MW in operation and under development. It is on track to achieve its 1.1 GW target of solar, onshore wind, and battery energy storage system (BESS) portfolio by 2027.
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