pv magazine Global’s Post

GIC Pte is considering options for its 50% stake in India’s Greenko Energy Holdings, including a possible sale that could be worth around $5 billion. The Singaporean sovereign wealth fund is in initial discussions with financial advisers to help evaluate a full or partial sale of its holding in Greenko, the people said. A deal could value the renewable energy firm at about $10 billion. Prospective investors include infrastructure-focused funds, sovereign wealth funds and other energy companies, the people said. Considerations are preliminary and GIC may decide not to pursue a sale. #Greenko #GIC #JERA #ADIA #Singapore #India #Investment #Finance #Investor #Renewable #renewables #renewableenergy #ORIX #Wind #Solar #Power #Energy #EnergyTransition #EnergyProduction #EnergyDemand #PowerProduction #PowerGeneration

VIETNAM, November 26 — Solarvest Holdings Berhad has officially introduced its Powervest solar financing program in Vietnam, marking a milestone in the country’s clean energy transition. https://lnkd.in/g5Vr9qMz

Zelestra has advanced its renewable strategy with a significant Malaysian solar investment in partnership with OCK Group Berhad. Explore details here. https://lnkd.in/e-bkQVyr #3SPSolarPlant #Malaysia #OCKGroup #StrategicPartnership #Zelestra

Spanish independent power producer Grenergy Renovables has secured €175 million (US$190 million) in green financing for the construction of a 300MW Spanish solar portfolio. The portfolio comprises two PV projects, with a capacity of 250MW and 47MW, respectively. The first project – called Tabernas – will be located in the southern region of Andalusia, while the 47MW José Cabrera project will be located in northern Spain, in Castilla-la Mancha. Both projects are part of a solar portfolio sale reached last year with asset management company ACP | Allianz Capital Partners for €270.6 million, with the assets expected to be transferred in the first half of 2025.

We’re pleased to announce our joint investment in Skye Renewables, alongside Idemitsu Kosan - one of Japan’s leading energy companies. Skye Renewables is a Singapore-headquartered solar developer that focuses on commercial and industrial (C&I) projects in Singapore, Vietnam, Philippines and Malaysia. C&I accounts for a significant portion of energy consumption in South-East Asia so providing solar power to this sector is an opportunity to keep pace with the region’s growing energy demand in a sustainable way. It is our first direct equity investment in South-East Asia since our re-entry to the region in 2022 which aligns with our goal of supporting the region’s decarbonisation efforts. UK in Singapore, UK in Viet Nam, UK in Malaysia, British Embassy Manila, UK in Japan, Foreign, Commonwealth & Development Office Asia Pacific, Kara Owen, Srini Nagarajan, Holger Rothenbusch Simon Cheung, Dhaval Dholabhai, Rohit Anand, jaitra jani, Anish Thakore, Saumya Ahuja, Myo Zin, Ian Brenkley, Therese Rossiter, Nina Pouls, Coralie S.

Shizen International, Terengganu Inc. to develop solar projects in Malaysia This will boost green technology initiatives within the state. Shizen Energy Group’s Shizen International Inc. has signed a memorandum of understanding with Terengganu Incorporated Sdn Bhd. to explore the potential development of ground-mounted solar power projects in the Malaysian state. In a statement, Hiroki Koga, representative director of Shizen International, said the company aims to increase renewable energy capacity, support local development, and contribute to environmental sustainability. “By working together, we aim to enhance local socio-economic development and contribute to Terengganu Inc.'s ESG [environmental, social, and governance] target of achieving a 35% renewable energy capacity mix by 2025,” he added. Burhanuddin Hilmi Mohamed, president and group CEO of Terengganu Inc., also said the recently signed agreement will pave the way for exploring new solar energy projects, boosting state revenue, and fostering green technology partnerships. The signing took place on 6 August at Wisma Darul Iman, the state secretariat building of Terengganu, Malaysia. https://lnkd.in/gW6Jh9tX

Danube Solar Five, an SPV owned by Lithuania’s INVL Renewable Energy Fund I and managed by UAB INVL Asset Management (INVL), has secured €12.2 million from the European Bank for Reconstruction and Development (EBRD) for the construction of two solar power plants in Romania. The EBRD’s contribution amounts to half of a €24.4 million bond to build the plants at Robanesti and Pielesti, with co-lender Eiffel Investment Group providing the the remaining €12.2 million. The two Romanian solar plants will have a total installed capacity of 60 MW. “While CBFs are now common practice in Western Europe, only one construction bridge facility has been financed in Romania to date,” said Grzegorz Zielinski, EBRD Head of Energy Europe. “The EBRD’s involvement in the segment provides the market demonstration effects for other potential financiers in the country to follow suit.” Romania aims for renewables to account for 36.2% of its total energy consumption by 2030, adding 11.9 GW of new clean energy capacity. #cleanenergy

Floating solar is making waves in Malaysia! 🌊 At the 2024 National Water Innovation Conference & Exhibition in Kuala Lumpur, Sungrow FPV took the stage to address a pivotal topic: FSPV Challenges and Solutions in Malaysia. Sasha, our Regional Manager, highlighted the growing adoption of floating solar in the country’s renewable energy sector and shared how Sungrow FPV is tackling three key challenges: safety, service, and sustainability. Through “Three Strengthened Measures”, we're delivering seamless, all-in-one solutions tailored to Malaysia's unique needs. #FloatingSolar #RenewableEnergy #SungrowFPV

🌿 Can Malaysia Achieve Its Ambitious RE Targets? 🌍 The Malaysia Renewable Energy Roadmap (MyRER) targets a 31% RE share by 2025, with a further 45% carbon intensity reduction by 2030 and 60% by 2035. 📈 With current trends projecting 18.2% renewable capacity by 2025 and 36.4% by 2035, the path is set. At Verdant Solar, we are committed to supporting these goals, ensuring affordability and stability, and driving decarbonization efforts. 💪🌞 Success relies on the collaboration of policymakers, industry, and financial institutions. Together, let’s make a sustainable future a reality! 🌱🔋 #GreenEnergy #GreenTomorrow #ConserveEnergy #GreenMalaysia #RenewableEnergy #VerdantSolar #SolarPower

Solarvest Secures 59.98 MWac in Corporate Green Power Agreements 🇲🇾 🌟 Solarvest Holdings Berhad has signed five corporate green power agreements (CGPA) with a Malaysian multi-asset exchange, two global semiconductor manufacturers, and a global data center service provider. The deals involve constructing two solar power plants in Lumut and Kulim, generating a total of 59.98 megawatts of electricity. 🗓️ Each agreement has a 21-year tenure, during which partners will purchase power at an agreed pricing. These agreements are facilitated through joint ventures with Savelite Engineering Sdn. Bhd. and TNB Renewables Sdn. Bhd., as well as a sole partnership with TNB Renewables Sdn. Bhd. ♻️ The agreements fall under Malaysia’s Corporate Green Power Programme, allowing corporations to source virtual renewable electricity without needing to install solar assets on-site. Corporate consumers will also receive bundled Renewable Energy Certificates to support their sustainability goals. 💡 Solarvest anticipates that these CGPAs will enhance its recurring income from solar-generated electricity, contributing to its growth and stability in the renewable energy sector. Congratulations to Leon Chee Ing Liew, Dang Khai Hoang! #Solarvest #GreenPower #RenewableEnergy #SolarEnergy #CorporateSustainability #Malaysia #EnergyTransition