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Philippines launches offshore wind development roadmap Out-Law News | 30 Jun 2021 | 12:32 am | 1 min. read The Philippines Department of Energy (DOE) has launched a roadmap to develop its potential offshore wind power projects under the support of the World Bank Group (WBG). The roadmap aims to “identify areas with high potential for offshore wind development; establish short and long-term offshore wind targets; formulate strategies to successfully integrate offshore wind in the government's renewable energy (RE) portfolio; and put forth recommendations on policies that are necessa...

IFC lends $57m to two wind projects in Vietnam Out-Law News | 02 Jun 2021 | 2:25 am | The International Finance Corporation (IFC) is providing a $57 million loan to the developer of two onshore wind projects in Vietnam. The financing package includes financing mobilised by the multi-investor Managed Co-Lending Portfolio Program (MCPP) which is managed by IFC's innovative syndications platform, said a statement. The two plants are Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province with a combined capacity of 54.2 megawatts (MW). Once operational later this year, the two pl...

The Indonesia Investment Authority (INA) and three other investment groups have established Indonesia’s first infrastructure investment platform.

Bidder details announced for Uzbekistan's 200MW solar PV station Out-Law News | 19 May 2021 | 2:27 am | 1 min. read A solar photovoltaic (PV) power station project in Uzbekistan has moved to the next stage of the procurement process with the announcement of the details of four of the bids for the Asian Development Bank (ADB)-backed project. The 200 megawatts (MW) solar PV project, in the Sherabad district of the Surkhandarya region, is part of a programme to created 1 gigawatt (GW) of solar PV capacity. The ADB is the transaction advisory provider for the programme. The 200MW project will be...

Mitsui plans solar plant in Philippines with local partner Out-Law News | 17 May 2021 | 3:03 am | Japanese company Mitsui and Philippine independent power producer Global Business Power Corp will jointly develop a 115 megawatt (MW) solar project in the Philippines. It is reported that the project will be located in the northern province of Rizal and is expected to cost ¥7 billion yen ($63.8 million). 40% of the cost will be covered by Mitsui. The plant is expected to be completed by March 2022. Its power will be sold to Philippines’ largest distributor Manila Electric for 20 years. John Y...