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Vietnam And Denmark’s CIP Plan $4 Billion Investment In 1,000 MW Offshore Wind Project

Vietnam's Petrovietnam and Denmark's Copenhagen Infrastructure Partners have partnered to develop the Nam Trung Bo 1 offshore wind project, aiming for 1,000 MW capacity and over $4 billion in investment. This initiative, announced during a Vietnam-Denmark forum, aligns with Vietnam's goal of 6,000 MW offshore wind capacity by 2030.

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KEY MARKETS

VIETNAM

Vietnam And Denmark’s CIP Plan $4 Billion Investment In 1,000 MW Offshore Wind Project

Vietnam's Petrovietnam and Denmark's Copenhagen Infrastructure Partners have partnered to develop the Nam Trung Bo 1 offshore wind project, aiming for 1,000 MW capacity and over $4 billion in investment. This initiative, announced during a Vietnam-Denmark forum, aligns with Vietnam's goal of 6,000 MW offshore wind capacity by 2030.

SINGAPORE

Akamai Signs 13 MWp Rooftop Solar Power Agreement With EDP APAC In Singapore

EDP APAC has signed a virtual power purchase agreement with Akamai Technologies in Singapore, marking Akamai's first renewable energy commitment in the region. The initiative involves purchasing electricity from rooftop solar installations, aiming to support Akamai's sustainability goals and contribute to Singapore's clean energy transition while reducing carbon emissions.

THAILAND

Clean Max To Acquire 100% Stake In Thailand’s Massmunch Company For THB 1.25 Million

Clean Max Enviro Energy Solutions Limited has agreed to acquire 100% of Massmunch Company Limited in Thailand, enhancing its renewable energy operations. The transaction, valued at Thai Baht 1,250,000, will be finalized by October 31, 2026, bolstering Clean Max’s presence in Southeast Asia's solar energy market.

MALAYSIA

U Mobile And HLGY Energy Partner To Develop 5G-Enabled Smart Solar Farms In Malaysia

U Mobile and HLGY Energy have signed a Memorandum of Understanding to develop smart solar farm solutions using U Mobile's ULTRA5G network. The partnership aims to utilize private 5G, AI, and automation to enhance solar power plant operations and monitoring, fostering renewable energy efficiency and infrastructure development in Malaysia.
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PHILIPPINES

INDONESIA

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FINANCE & INVESTMENT

IREDA Reports INR 891.75 Crore Half-Year Net Profit As Revenue Rises To INR 4,592 Crore In FY2027

IREDA reported significant growth for the half-year ending September 30, 2026, with revenues increasing to ₹4,592.05 crore and profit before tax rising to ₹1,119.28 crore. Total assets reached ₹97,985.76 crore, reflecting an expanding loan portfolio. The company continues to prioritize credit risk management while adhering to financial reporting standards.
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BEST OF THE WEEK

Global Investor Commits Over $600 Million to Support India’s Renewable Energy and Green Hydrogen Expansion

Investment in India's renewable energy sector is rising, exemplified by KKR's $600 million commitment to support Petronas' platform. This funding aims to enhance clean energy initiatives and address debt, while international interest grows amid India's expanding energy needs. Future success hinges on effective capital use and project execution in renewable sectors.

TECH INSIGHTS

Explained: Comparative Analysis of Solar + Battery Storage and Solar + Pump Storage Systems: Efficiency And Performance Metrics

As the global shift toward renewable energy sources gains momentum, the integration of solar power with energy storage systems becomes a pivotal aspect of...

FEATURED

“The Middle East Is A Very Special Market As It Is Without A Doubt One Of The Most Competitive Markets In The World” ...

With your strong presence in the Middle East region, please tell us how different is the Middle East PV module market from the other...