IPP
PIF subsidiary, ACWA Power invest US$3.25b in Saudi Arabia solar projects
The three solar projects seek to produce a combined capacity of 4.55GWac.
Masdar clean energy capacity reaches 20GW in 2022
It increased by 33% compared to the previous year.
JERA, NTT Anode to buy Green Power Investment
The transaction will be completed by the end of 2023.
CLP electricity sales in Hong Kong up 2.6% YoY in Q1
The commercial sector saw significant demand due to the lifting of pandemic restrictions.
First Gen subsidiary wins bid for Casecnan hydropower plant
The 165MW hydroelectric power plant is located in Nueva Ecija.
EGAT-MPD Consortium to construct 24MW hydro-floating solar hybrid project
It is located at the Ubol Ratana Dam.
ACWA Power attributable net profit up 78% YoY in Q1 2023
Its operating income increased 7% YoY during the period.
UAE-based Masdar commits £1b to develop battery storage in the UK
The company will use the technology platform Kraken to manage the batteries.
Adaro Energy core earnings up 11% YoY to $538m in Q1
Its net revenue increased by 50% reaching around $1.8b.
Tata Power profit rises 77% YoY in FY23
All its business clusters showed robust growth during the period.
Philippines’ First Gen posts 52% net income growth
Its attributable recurring net income stood at US$89m.
Mauban-based coal plants boost Philippines’ Luzon grid
The two plants combined contribute around 915 megawatts of power to the Philippines’ grid.
AGL’s Liddell Power Station shuts down after 52 years
The coal plant will be converted into a renewable energy hub.
Pertamina units enter carbon trading cooperation deal
This involves 1.9 million tonnes of equivalent carbon emissions.
PGE net profit up 49.7% YoY to $127.3m in 2022
Price increases in sales of steam and electricity contributed to the profit growth.
Philippines’ First Gen posts 5% recurring net income growth
Its net income stood at US$265m.
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