The Asian Development Bank (ADB) is to provide a loan of US$235 million to Thai energy firm B. Grimm Power to develop renewable energy projects in Southeast Asia.
French renewable energy company Voltalia is to install renewable energy systems at 171 telecom towers in the Bago and Ayeyarwaddy regions of Myanmar for MNTI, the local owner of a network of such towers.
Singapore-headquartered clean energy provider Cleantech Solar has signed power purchase agreements (PPAs) for 27MW of industrial rooftop solar projects across three customers in three Asian countries.
Filipino energy secretary Alfonso Cusi has euphemistically admitted that the suspension of four commissioners of the Energy Regulatory Commission (ERC) may cause delays in power projects, while the already inert solar industry has seen conditions go from bad to worse.
California-based clean energy firm Vasari Energy plans to build and operate two ground-mount and two floating solar projects in Vietnam over the next two years.
Several provincial authorities in Vietnam are developing guidelines for renewables that should improve the country’s solar market, but stubbornness from the monopoly utility EVN means that the largest-scale projects remain the preserve of big risk-takers, according to a representative of international law firm Baker McKenzie.
Ho Chi Minh City-based conglomerate TTC Corp plans to start constructing three solar projects, totalling 150MW of capacity, in Vietnam in the first half of next year.
