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Latest Asia Pacific News
Indonesia Energy sets IPO price
Jakarta-based oil developer Indonesia Energy Corp will seek to raise $15 million from its initial public offering on the New York Stock Exchange
Three bids for 7GW SECI solar auction
The 7GW solar auction held by Solar Energy Corporation of India has attracted 8GW of bids
PXP Energy parent Udenna confirms acquisition of Chevron’s Malampaya stake
Udenna Corp, the parent company of Filipino upstream gas company PXP Energy, has agreed to buy Chevron’s 45% stake in the Malampaya gas project
Mercury signs up Vestas for Turitea wind stage 2
Mercury has committed to a 103MW second phase of the Turitea wind farm, having two weeks ago made a start on the construction of phase one
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EXCLUSIVE VPE Capital targets $500m for Kazakh Infrastructure Fund
Renewables Asia PacificVPE Capital is looking to deploy a total of $500 million in the next three years from its fund focused on Kazakhstan's infrastructure and energy sectors, with the manager targeting in particular to capitalise on opportunities driven by China's Belt and Road Initiative
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New CEO at mining giant BHP
Oil & Gas Asia PacificAnglo-Australian mining giant BHP has named internal candidate Mike Henry as its new chief executive, with Andrew Mackenzie retiring on 31 December
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Oil Search shortlists one adviser on PNG biomass hybrid
Renewables Asia PacificOil Search’s wholly-owned SPV has shortlisted one adviser to a multifaceted biomass power plant and solar farm project in Papua New Guinea, following a month-long review
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Inner Mongolia Energy Engineering transfers coal-fired stake
Power Asia PacificInner Mongolia Energy Engineering has signed an equity cooperation agreement with its JV partner and a Huainan Mining (Group) Co subsidiary involving the transfer of a 26.91% equity interest in the SPV of a 1,320MW coal-fired power plant
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Siemens to supply Hiep Phuoc 1 power plant expansion
Power Asia PacificSiemens is to supply the equipment to upgrade and expand capacity at the Hiep Phuoc 1 power plant near Ho Chi Minh City in Vietnam
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PXP Energy in talks with Chevron to acquire Malampaya stake
Oil & Gas Asia PacificFilipino upstream gas company PXP Energy is in talks to acquire Chevron’s 45% stake in the Malampaya gas project. At the same time, PXP Energy has submitted an unsolicited proposal to develop an integrated gas hub in Malampaya
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NAIF offers lifeline to Genex's K2 Hydro
Renewables Asia PacificThe Australian government lending pot Northern Australian Infrastructure Facility has pushed back the expiry on its conditional loan funding offer for the 250MW / 2,000MWh Kidston Stage 2 Pumped Storage Hydro project, after retailer EnergyAustralia drew back from signing contracts on the project
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ARENA to prepare roadmap for Australia's bioenergy sector
Renewables Asia PacificThe Australian federal government's Australian Renewable Energy Agency has started work to produce a roadmap for the bioenergy sector − to identify the role the sector could play in helping the country meet its emissions reduction obligations
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AIIB backs new emerging Asia renewables fund
Renewables Asia PacificThe Asian Infrastructure Investment Bank is investing in a new renewables fund focused on emerging Asia − the SUSI Asia Energy Transition Fund
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Masdar signs Uzbek solar agreements
Renewables Asia PacificAbu Dhabi-based Masdar has signed a PPA and government support agreement with the Uzbek Government to design, finance, build and operate the country’s first PPP solar power plant
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EXCLUSIVE UPDATE: Details emerge on IFC-backed wind farms in Pakistan
Renewables Asia PacificDetails have emerged on a portfolio of six onshore wind farms in Pakistan that are backed by the IFC and are expected to reach financial close imminently
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Edelweiss in second fundraising round
Renewables Asia PacificIndia's Edelweiss Alternative Asset Advisors has launched the second fundraising round for its Edelweiss Infrastructure Yield Plus Fund
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IPO imminent for Absolute Clean Energy
Renewables Asia PacificBangkok-listed Absolute Clean Energy will publicly list 10% of its shares for the first time on 13 November, bringing in more than $147.6 million to fund five renewable energy projects under development
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SunPower to spin off cell manufacturing business
Renewables Asia PacificSunPower is narrowing its focus on the development of distributed solar and energy storage projects in North America as it spins off its global cell manufacturing arm into a separate, publicly-traded company
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Coal India tenders solar
Renewables Asia PacificCoal India is inviting expressions of interest to develop 100MW of solar in the central state of Chhattisgarh