Energy

UK-headquartered Gresham House has signed an agreement to acquire Asia Clean Capital Vietnam Pte. Ltd. (ACCV), a Vietnamese commercial and industrial renewable energy developer.

UOB Kay Hian expects total solar photovoltaic (PV) capacity in Malaysia to exceed 6.5GW over 2026 to 2029 as the government calls for tenders for the Large-scale Solar (LSS) 6 bidding program and the rollout of corporate renewable energy supply scheme (CRESS) projects.

Computility Technology (Malaysia) Sdn Bhd (CTDC), BGMC Energy Holdings Sdn Bhd (BGMC), and reNIKOLA have signed a strategic term sheet on Tuesday for a large-scale, long-term green energy supply program, marking a major leap forward for Malaysia’s sustainable infrastructure.

Singapore-based Equator Renewables Asia (ERA), founded by entrepreneur Frank Phuan, has raised S$50 million to develop large-scale solar, green hydrogen and sustainable industrial zone projects across Indonesia.

While momentum builds for ASEAN Power Grid (APG), the regional initiative designed to interconnect the electricity grids of Southeast Asian nations to enhance energy security, sustainability, and reliability, BMI Country Risk And Industry Research sees financing, geopolitical and supply chain remain bottlenecks.

South Korea's POSCO Future M plans to invest KRW357 billion ($270 million) in building a new factory plant in Vietnam's Thai Nguyen province, to produce artificial graphite anode materials used in batteries.

The project pipeline for utility-scale solar projects remain robust with the upcoming rollout of Corporate Renewable Energy Supply Scheme (CRESS) and large scale solar 6 (LSS6) projects, Maybank Investment Bank said Monday.

UOBKayhian has expected upcoming large scale solar projects in Malaysia, such as the Corporate Renewable Energy Supply Scheme (CRESS) and Large Scale Solar 6 (LSS6) program, to face delays in the signing of power purchase agreements (PPAs) as project costs are expected to rise substantially.

Hong Leong Investment Bank is positive on Malaysia's renewable energy (RE) sector, underpinned by the country’s early-stage energy transition and an accelerating RE demand curve driven by the data center boom (7.1GW).

Singapore-based Seraya Partners has completed its first investment from Seraya Partners Fund II (Fund II) by acquiring a controlling interest in G&B Infratech, a South Korea-headquartered solar and wind renewable energy developer and operator (G&B).