News

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.

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