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ACEN partners for early retirement of coal plants
Power Asia PacificACEN, the listed energy platform of Philippines’ conglomerate Ayala Group, has entered into a partnership to explore funding for early phasing out of coal plants in line with the Paris Agreement
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Adani Green seals $1.36bn debt for Gujarat park
Renewables Asia PacificAdani Green Energy has secured a $1.36 billion senior debt facility to back the construction of a renewable energy park at Khavda in Gujarat
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UK pledges £484m to low-carbon aid projects
Renewables Latin AmericaThe UK government has pledged up to £484 million in financing for green infrastructure projects in developing countries
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EBRD to support North Macedonia energy transition
Renewables EuropeNorth Macedonia announced its just energy transition investment platform at the start of this month’s COP28 summit
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Scatec signs agreement for Egyptian renewables
Renewables MENANorwegian renewable power producer Scatec has signed an early-stage cooperation agreement with the Egyptian Electricity Holding Company for a future 1GW solar and 200MWh battery storage project
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Pertamina, Karpowership partner on Indonesian energy infra
Oil & Gas Asia PacificIndonesia’s Pertamina International Shipping and Turkey’s Karpowership have entered into a general partnership agreement to develop energy infrastructure in Indonesia
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Tata acquires India transmission project from PFC
Power Asia PacificTata Power has won the bid to acquire Bikaner-III Neemrana-II Transmission from a unit of state-owned Power Finance Corp
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Indonesia aims to retire 660MW coal plant early
Power Asia PacificIndonesia aims to retire its 600MW coal-fired power plant almost 7 years earlier than scheduled under the energy transition mechanism program of the Asian Development Bank
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BOAD, AFC ink MoU for west African investment
Power Sub-Saharan AfricaThe West African Development Bank and Africa Finance Corporation have signed an MoU aimed at promoting infrastructure and economic investment across western Africa
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AMEA Power signs Dijbouti solar MoU
Renewables Sub-Saharan AfricaAMEA Power has signed an MoU with the Djibouti Ministry of Energy and Natural Resources to initiate the second phase of the Grand Bara Project
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Kazakhstan mulls 3GW onshore winds
Renewables Asia PacificKazakhstan government has tapped 3 project developers for potential wind power projects with a combined capacity of 3GW in the landlocked country
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Acciona to start construction of Oz solar
Renewables Asia PacificSpain-based Acciona Energia is soon commencing construction of a greenfield 380MW solar power plant with a total investment value of $333 million in Queensland
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PTT Global, Mitsubishi to explore Thai projects
Renewables Asia PacificThai state-owned PTT Global Chemical has partnered with Japan-based Mitsubishi Heavy Industries to study re-designing existing assets into carbon-neutral petrochemical complexes in Thailand
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MoU signed on African East to West fibre project
Telecoms Sub-Saharan AfricaSmart Africa Alliance, Africa50 and Bayobab – previously MTN GlobalConnect – have signed an MoU to support the fibre optic cable Project East to West
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Octopus, Sherbo partner for Sierra Leone wind
Renewables Sub-Saharan AfricaOctopus Energy’s generation arm has partnered with Sherbo Alliance Partners to develop Sierra Leone’s first wind farm on Sherbro Island
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Scatec announced as PB for South African BESS
Renewables Sub-Saharan AfricaSouth Africa’s minister for the Department of Mineral Resources and Energy has announced the appointment of 4 preferred bidders under the first bid window of the Battery Energy Storage Independent Power Procurement Programme
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Brazil, Saudi Arabia to partner on energy projects
Renewables Latin AmericaBrazil and Saudi Arabia have signed an memorandum of understanding to cooperate on the development of energy projects and technologies crucial to fighting climate change
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ADB approves loan for Dhaka transmission project
Power Asia PacificAsian Development Bank has approved a $160 million loan to Bangladesh to help upgrade Dhaka’s power distribution network
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EXCLUSIVE Ørsted hires FAs for Korean wind farm
Renewables Asia PacificØrsted, the Danish energy giant, has hired 2 financial advisers to lead its first South Korean offshore wind farm, IJGlobal understands