LS Marine Solution announced on June 12 that it has been selected as the preferred negotiator for the submarine cable transportation and installation sector of the Haesong Offshore Wind Project, Korea’s largest offshore wind power project.
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Northland Power has delivered first power from its 1GW Hai Long offshore wind project in Taiwan, marking a key construction milestone ahead of the second half of 2025.
Global investment in clean energy is projected to reach a record US$2.2 trillion in 2025—twice the amount expected for fossil fuels—according to the International Energy Agency. This marks a 2% increase from last year and includes spending on renewables, nuclear, energy storage, low-emissions fuels, and electrification. Solar technology will attract the largest share, with US$450 billion, driven by competitive pricing and adoption in emerging markets. Despite some political leaders advocating for fossil fuels, global fossil fuel investment is set to decline, while China, the US, and the EU will lead clean energy spending. However, China and the US will also remain top investors in fossil fuels, and China continues to approve new coal projects.
BuhaWind Energy Philippines has secured a pre-development environmental compliance certificate (ECC) for its 2GW Northern Luzon floating offshore wind project.
Two new records over the weekend mark the continued evolution of energy storage in Australia’s main grid, known as the National Electricity Market.
TotalEnergies and Singapore’s RGE have partnered to develop a major solar and battery storage project in Indonesia’s Riau Province, aiming to supply 1GW of renewable electricity to Singapore and local industrial areas. The Singapore Energy Market Authority has granted a conditional licence to their joint venture, Singa Renewables, to import this electricity. The partners also signed agreements to develop a subsea interconnector for electricity transmission and to jointly build, operate, and maintain the hybrid solar-battery facility. The project will support Singapore’s carbon neutrality goals and boost economic development in Riau, leveraging TotalEnergies’ global expertise and RGE’s regional presence.
The island state of Tasmania currently has no large scale solar farms, but that could be about to change in quite a big way, with the third large scale facility sailing through local planning approvals.
Vietnam proposes raising Oman investment fund to $1b
Copenhagen Infrastructure Partners (CIP) has entered into an agreement to offload a 25% stake in a 1GW offshore wind project off the Philippines.
KKR on road to raise third and largest Asia infrastructure fund: Report
South Korea’s Energy Agency has announced a competitive bidding for offshore wind projects with a capacity of 1.25 GW and 1 GW solar projects in the first half of 2025.
Government Unveils 540㎿ Energy Storage Plan for Grid Stability
Canada Pension Plan Investment Board (CPP Investments), the largest pension fund in Canada, said its India portfolio crossed C$30 billion (about $21.6 billion) in net assets at the end of its fiscal year on March 31, 2025.
It’s a grand irony that the Trump-era trade war may accelerate clean energy adoption, especially of Chinese solar panels and batteries, in the very countries where energy demand and emissions are growing fastest: South and Southeast Asia. Other regions, from the Pacific to Scandinavia, will also benefit as electric vehicles and electro-tech from China become more available and affordable, despite U.S. trade barriers.
Australia and China can strengthen their ties with Southeast Asian nations through renewable energy initiatives and investments, which will aid the region’s transition towards a green energy future while creating opportunities for partnership-building despite geopolitical tensions. Collaboration pathways exist, including electric vehicles, with China’s leading role in EV technologies complementing Australia’s abundant supplies of lithium and other critical minerals. Another opportunity is renewables like hydrogen, where Australia and China offer significant advantages in production and research and development respectively.
Shares of Chinese electric vehicle battery giant CATL opened 12.5% higher than the subscription price on Tuesday after the company raised $4.6 billion in its Hong Kong listing, the largest in the world this year.
The Danish government has given the green light for a new 3GW offshore wind tender.
The Arab Energy Fund and Stonepeak have formed a $1 billion partnership to invest in Middle East energy infrastructure, while Carlyle has launched Revera Energy, a clean infrastructure platform.
New figures show the wind industry delivered a record 127GW of new capacity globally in 2024 despite macroeconomic and policy challenges.
Australian mining giant Fortescue is proposing to construct a huge 2.1 gigawatt (GW) wind farm and battery energy storage system (BESS) to help eliminate the burning of fossil fuels at its giant Pilbara iron ore operations.
Norway to spend $52b from wealth fund.
Vestas and LM Wind Power have finalised a deal that will see LM Wind Power’s blade factory in Poland transferred to the turbine maker.
Brookfield Asset Management has marked its first investment in Singapore with the acquisition of two business parks and a high-tech industrial building for S$535.3 million ($413 million)
Skimpy snow cover worsens Europe’s clean power woes
Skimpy snow cover worsens Europe’s clean power woes
Japan’s JERA may consider Alaska for LNG supply
US Supreme Court rejects Vineyard Wind lawsuits
Kroll, global financial and risk advisory solutions provider, launches its Fixed Asset Advisory Service (FAAS) in APAC
How does Carbon Capture and storage work?
Google Strikes First Offshore Wind Deal in Asia-Pacifi
Energy Storage Platform Backed by Stonepeak and CHC Awarded Five Projects in Japan Long-term Decarbonization Auction
Are Rural Data Centers the Green Future?
APAC policy makers call for urgent action to bridge financing gaps for sustainable development
The blackout was a wake-up call. It showed that the need to modernise and reinforce Europe’s electricity grid is urgent and unavoidable
Vertex Energy is attending Solar & Storage LIVE Philippines on 19th and 20th May! Follow us and drop us a note if you’d like to arrange a chat at the exhibition and learn more about the growth trends of the BESS and Solar market in the Philippines!
Understanding Energy Contracts: CFD vs. FiP vs. PPA vs. DPPA … By Vertex As the energy transition accelerates, renewable energy projects rely on various contractual mechanisms to secure revenue, manage risk, and attract investment. Among the most common structures are Contracts for Difference (CfD), Feed-in Premiums (FiP), Power Purchase Agreements (PPA), and Direct Power Purchase […]
Australia’s Energy Future: Key Takeaways from the 2025 Federal Election By Vertex With the 2025 Federal Election now decided, Australia’s energy sector is poised for a transformative three years under the re-elected Labor government. At Vertex, we’re analyzing the policies and commitments that will shape the nation’s transition to a cleaner, more efficient energy future. […]
