{"data":{"news":{"items":[{"title":"Mr.","date":"2026-05-01 12:28:48","id":6261,"author":"1","blurb":"","blurb_image_uid":"https://dxfpracgmlczp.cloudfront.net/2026/05/1777609944605_TotalEnergies x Nextnorth copy.jpeg","blurb_expanded_image_uid":null,"article":"\n\t\n\n\n

TotalEnergies and its partner Nextnorth, a Philippines-based renewable energy developer, have reached financial close and started construction of a 440 MWp solar power plant in Ilagan city, Isabela province. The project is expected to be operational by the end of 2027 and produce 13.5 TWh over 20 years.

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With a total cost of approximately US$300 million, the project is owned by TotalEnergies (65%) and Nextnorth (35%) and financed by three international banks – Sumitomo Mitsui Banking Corporation (SMBC), ING Bank NV (ING) and Standard Chartered (SCB). It is considered the largest international financing for a solar project in the Philippines to date.

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According to Olivier Jouny, SVP renewables at TotalEnergies, this 440 MW project will contribute to the 9 GW renewables portfolio that the company is combining with Masdar through a 50/50 joint venture across nine Asian countries.

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“Energy security has never been more relevant for the Philippines than it is today. With rising demand and continued exposure to imported fuels, the country needs domestic, scalable and bankable renewable capacity. Working alongside TotalEnergies, we are delivering clean, reliable power that supports communities, creates jobs and advances the Philippines’ transition towards a more energy independent future,” said Miguel Mapa, president and CEO of Nextnorth.

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TotalEnergies and Nextnorth said more than 50% of the project’s electricity will be sold under long-term offtake agreements with two retail electricity suppliers, AdventEnergy and PrimeRES, supplying commercial and industrial users seeking to decarbonise their operations. The remaining production will be sold to the national grid via its award under Round 4 of the Philippine government’s Green Energy Auction Program.

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Image courtesy of TotalEnergies

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Denzai International Holdings and PC1 Group Joint Stock Company have signed a cooperation agreement to collaborate on renewable energy and infrastructure projects in Vietnam and the Philippines.

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This partnership will begin with the Philippines’ Camarines Sur Wind Power Project, a 58.5-MW onshore wind farm on Luzon Island. Denzai Philippines, a Denzai Group company, will be responsible for the installation of nine wind turbine generators (WTGs) on the project, commencing work in late March 2026.

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Japan-based Denzai Group is a global provider of engineered heavy lifting and specialised heavy transport services. With its overseas headquarters in Singapore, the group operates in 13 countries worldwide. Meanwhile, PC1 is a leading Vietnamese engineering and construction group with six decades of experience in delivering power construction and large-scale infrastructure projects across Vietnam and international markets.

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“As the Philippines accelerates its transition toward renewable energy, wind power will play an increasingly important role in strengthening energy security and supporting long-term sustainable growth,” said Kohki Uemura, president and CEO of Denzai International. “Projects such as this directly support the country’s goals of expanding wind power generation and building resilient energy infrastructure. Through this collaboration, Denzai will contribute its expertise to the successful delivery of the project and to the long-term development of the Philippine wind power sector.”

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“We see Denzai as a highly capable and reliable partner whose heavy-lift, transport and engineering expertise strongly complements PC1’s EPC and renewable energy capabilities,” said Dang Quoc Tuong, deputy general director of PC1 Group. “Beyond construction, this partnership creates a strong foundation for developing OEM and operations & maintenance capabilities in both Vietnam and the Philippines, which is a key strategic priority for PC1.”

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In Vietnam, PC1 is not only an EPC (engineering, procurement and construction) contractor, but also a wind power developer, having jointly developed three wind farms together with Renova of Japan, shared Mr Dang. Today, the group provides operations and control centre (OCC) services for its own wind farms as well as 28 additional projects. “Through this partnership, we look forward to working closely with Denzai to expand maintenance services, deploy specialised equipment, and further develop OEM-related capabilities across these assets.”

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According to Truong Quang Anh, deputy director of EPC board at PC1 Group and CEO of PC1 Philippines Inc, the Philippines is a key growth market for PC1. Given its importance to the group, he pointed out that “establishing strong, reliable partnerships on the ground is essential to delivering projects successfully. By working closely with Denzai, we aim to strengthen our execution capabilities in the Philippines and accelerate the development of wind power projects through safe, efficient and well-coordinated heavy-lift and logistics solutions.”

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Murugan Suburamanian, managing director of Denzai Philippines, added, “This agreement marks an important milestone in our partnership with PC1. By combining our respective strengths, technical expertise, and shared commitment to quality and safety, we are confident this collaboration will deliver reliable and efficient outcomes for the project and create a strong foundation for long-term cooperation.”

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UAE-based renewable energy company Masdar has announced its first project in Malaysia, with the signing of a power purchase agreement to develop a 200 MW floating solar photovoltaic (PV) plant at the Chereh Dam in Pahang state.

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This project will be developed by a consortium led by Masdar, together with Malaysian partners Citaglobal and Tiza Global. The agreement was signed with Tenaga Nasional Berhad, Malaysia’s national utility company.

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Once operational, the 200 MW Chereh Dam plant is set to become the largest floating solar project in Southeast Asia, said Masdar. Occupying approximately 950 acres, the facility will have a generation capacity of more than 300 MWp (200 MWac), enough to power the equivalent of over 100,000 homes.

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Malaysia has targeted increasing the share of renewables in its national energy mix to 35% by 2030, and floating solar is expected to play a key role in achieving these goals. The Chereh Dam project is estimated to cost more than US$208 million.

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“This milestone project, our largest floating solar development globally and our inaugural project in Malaysia, reaffirms Masdar’s expertise in floating solar and our position as a trusted partner across the region,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “By leveraging our experience in delivering utility-scale solutions worldwide, we can provide affordable, secure clean energy to the Malaysian people. We look forward to working closely with Citaglobal, Tiza Global and the Government of Malaysia to help deliver the country’s ambitious renewable energy roadmap.”

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The Chereh floating solar plant will be the inaugural project of the 10 GW renewable energy roadmap agreed between Masdar and the Malaysian Investment Development Authority (MIDA) in 2023. Masdar is also progressing a feasibility study for a major floating solar installation at the Murum reservoir in Sarawak, in collaboration with Sarawak Energy and Gentari. This project would further boost Malaysia’s renewable capacity and support key national strategies including the National Energy Transition Roadmap and the New Industrial Master Plan 2030.

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A core pillar of the project is Masdar’s commitment to working closely with Malaysian authorities and local stakeholders throughout development, construction and operations. These partnerships, such as the site agreement signed with Pahang Water & Energy Resources, are designed to ensure seamless execution, strong local integration and long-term continuity beyond commercial operation date, reinforcing the project’s role as a durable national asset.

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According to Masdar, the project will deploy state-of-the-art floating solar technology specifically designed to address the unique shape and characteristics of the Chereh Dam, optimising performance, resilience and long-term operational efficiency. The development will be financed through a non-recourse project finance structure, with participation from international lenders, reflecting strong market confidence in the project’s fundamentals.

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The Blue Circle and its partner Acciona Energía have broken ground on the Kalayaan 2 Wind Farm project, with an official ceremony held on 13 November 2024 in the municipalities of Kalayaan and Paete in Laguna province.

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The Kalayaan 2 Wind Farm, representing an investment of about PHP 8.7 billion (US$150 million), will provide a total capacity of 100.8 MW. Scheduled for completion in 2026, the facility will generate enough clean energy to power approximately 85,000 homes while preventing the emission of 320,000 t of CO2 annually. This project marks the first phase of the ambitious 350 MW Kalayaan Project, setting a new benchmark for renewable energy development in the region.

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The Kalayaan 2 Wind Farm plays a crucial role in supporting the Philippine government’s renewable energy targets, which aim to increase the share of renewables in the energy mix to 35% by 2030 and 50% by 2040.

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The Blue Circle and Acciona Energia are also working together on several projects in the country, including the second phase of Kalayaan (249 MW), the Baao Wind Energy Project in Camarines Sur (210.8 MW), and the Ibajay Wind Energy Project in Aklan and Antique provinces (80.6 MW).

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Acciona Energía brings its global expertise of over 14 GW of total installed capacity to this project. Meanwhile, The Blue Circle has a portfolio exceeding 2.5 GW of attributable capacity in renewable energy projects under development or construction in the Philippines.

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Image: The Blue Circle

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Singapore’s Surbana Jurong Group (SJ) has signed a memorandum of understanding (MOU) with South Korea’s Hyundai Engineering & Construction Co Ltd (Hyundai E&C) to explore opportunities in renewable energy, construction technology, and infrastructure related to small modular reactors (SMR). The MOU ceremony was part of the Singapore-Korea Business Forum that took place on 8 October 2024 in Singapore.

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This strategic partnership leverages the respective strengths and expertise of Hyundai E&C and SJ to advance sustainable practices within the built environment industry while addressing global energy challenges. Hyundai E&C is renowned for its extensive track record in construction, while SJ has extensive experience in multidisciplinary consultancy services across the built environment and energy sector, including clean fuels, new energies, energy transition, engineering and project management.

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Key objectives of the MOU include:

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1). Exploration of collaborative projects: Hyundai E&C and SJ will jointly identify potential projects within the realms of renewable energy and infrastructure.

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2). Research and development: Hyundai E&C and SJ will jointly undertake R&D initiatives focusing on low-carbon business practices and innovative construction technologies, such as carbon capture and storage (CCS) and prefabricated prefinished volumetric construction (PPVC).

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3). Cooperation on infrastructure technology: The MOU outlines plans for general cooperation in infrastructure technology, including construction automation or robotics, collaborative workshops, training programmes, and technical support.

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4). SMR: Hyundai E&C and SJ will also collaborate on opportunities related to SMR technologies, an area critical for Singapore’s future needs.

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“The transition to net zero is underway, but it’s not happening fast enough, and the demand for resilient infrastructure has never been greater,” said Sean Chiao, SJ’s group chief executive officer. “By joining forces, Hyundai E&C and SJ aim to push the boundaries of sustainable practices in the built environment and address global energy challenges head-on. SJ’s multidisciplinary consultancy, deeply rooted in sustainability, combined with Hyundai E&C’s world-class engineering and construction expertise, will drive innovation in clean energy solutions and advanced construction technologies, paving the way for a greener, more resilient future.”

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A representative from Hyundai E&C stated, “Since entering the Singapore construction market in 1981, Hyundai E&C has actively contributed to the country’s economic development through major infrastructure projects, including the construction of Changi International Airport, Marina One, South Beach, and Southeast Asia’s largest underground substation. With this business partnership with SJ, a leading built environment consultancy with a long track record of successful project delivery, we will make every effort to accelerate Singapore’s energy transition based on the strengthened collaboration network at both the government and group levels and the trust we have built with the Singapore government and clients.”

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Indian conglomerate Reliance Group has entered into a strategic partnership agreement with Druk Holding and Investments Ltd (DHI), the commercial and investment arm of the Royal Government of Bhutan, to undertake various initiatives aimed at bolstering the investment in the renewable and green energy landscape of Bhutan.

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This partnership will focus on green energy generation, specifically solar and hydropower developments, while also exploring innovative green technologies. Reliance Group will collaborate with government-owned companies in Bhutan to implement infrastructure projects that support the country’s net-zero goals.

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At the same time, Reliance Group has established a new flagship company, Reliance Enterprises, dedicated exclusively to promoting investment in Bhutan’s renewable and green energy sector. Jointly promoted by Reliance Infrastructure Ltd and Reliance Power Ltd, Reliance Enterprises will focus on enhancing sustainable energy solutions and implementing smart distribution and metering systems throughout Bhutan.

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500 MW solar project

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The newly formed Reliance Enterprises and DHI will jointly develop a 500 MW solar power plant in Bhutan’s Gelephu Mindfulness City. This ambitious project is set to be executed over the next two years in two phases of 250 MW each. Once completed, the facility is expected to be the largest of its kind, surpassing all existing solar installations in the country.

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Land for the project has been earmarked, and a technical team comprising experts from Reliance, DHI and external consultants is actively engaged in site assessments and technical studies.

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According to Reliance and DHI, this initiative will also mark the one of largest investment in Bhutan’s renewable energy sector and the largest foreign direct investment (FDI) by an Indian company in the country.

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770 MW hydro project

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In addition to the solar initiative, Reliance Group, Reliance Power and DHI plan to jointly develop the 770 MW Chamkharchhu-1 hydro project. It is classified as a run-of-the-river project. With Bhutan’s current installed power generation capacity at 2,452 MW, this facility is particularly significant as it represents a joint venture between Bhutan and a private sector company in India.

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“The partnership between Reliance Enterprises and Druk Holding leverages the strengths of both organisations in the areas of green energy and development. We are pleased to be partnering, and together, we are committed to delivering world-class clean energy projects that will benefit both India and Bhutan,” said Ujjwal Deep Dahal, CEO of DHI.

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“These projects will significantly boost Bhutan’s economic and industrial growth, enhancing the country’s energy security with clean, green and reliable power,” added Anil Ambani, chairman of Reliance Group. “They are dedicated to the people of Bhutan and symbolise the strong friendship between our two countries.”

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Image: Sebastian Ganso/Pixabay

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The UAE-based clean energy developer Masdar has signed a memorandum of understanding (MOU) with Pertamina Power Indonesia for the development of solar, wind and green hydrogen projects in Indonesia and abroad.

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At the same time, Masdar has signed a joint development study agreement with PLN Nusantara Power for Cirata Phase II to triple capacity by up to 500 MW, following the 2023 launch of the initial 145 MW phase of the floating PV project – the largest of its kind in the region.

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Masdar has also received approval to proceed towards developing up to 2 GW of renewable energy in Nusantara, Indonesia’s future capital city, starting with 200 MW as phase 1. This follows a proposal by Masdar to meet the city’s energy needs by 2045, using solar and wind projects.

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“Indonesia is committed to making our new capital city of Nusantara as a city that prioritises sustainability. We welcome Masdar’s plan to develop 200 MW of renewable energy plant for the city,” said Bambang Susantono, chairman of Nusantara Capital City Authority.

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“We also appreciate Masdar’s further commitment on renewable energy up to 2 GW to support the fulfilment of renewable energy needs by 2045. Prioritising solar and wind energy positions the new capital as a model eco-city thriving on clean energy. This can be a future testament on how urban centres can be developed in harmony with nature.”

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Indonesia and Southeast Asia are key investment destinations for Masdar. The company has developed the region’s largest floating solar facility in Indonesia – the 145 MW Cirata Floating Solar PV plant – which will generate enough electricity to power 50,000 homes. In February 2023, it entered the geothermal energy sector through a strategic investment in Pertamina Geothermal Energy.

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Singapore-based renewable energy developer The Blue Circle and Cambodian conglomerate Royal Group have signed a memorandum of understanding (MOU) to develop, finance, build, own and operate a 100-MW wind project located in the eastern province of Mondulkiri, about 280 km from Phnom Penh, the capital of Cambodia.

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This is the first wind project in the country, according to The Blue Circle. The company has been measuring the wind since 2019 with a 120-m met mast and various Spidar equipment.

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Based on the average wind speed recorded, the project’s site is considered “one of the top wind sites in Cambodia and in all of Southeast Asia,” said The Blue Circle. “The particular wind pattern in this part of the lower Mekong region would drive potential power production mainly during the dry season, from November to April.”

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“This seasonal monsoon particularity would ideally supplement hydro power production which represents more than 45% of the energy mix in Cambodia and is providing power mainly during the wet season, from May to October,” added The Blue Circle.

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With this new partnership, The Blue Circle and Royal Group aim to contribute towards Cambodia’s 2050 carbon neutral target set by the Ministry of Environment in 2022.

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Image: Markus Distelrath/Pixabay

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UAE’s clean energy developer Masdar and Indonesia’s state-owned utility company PLN have inaugurated the 145 MWac (192 MWp) Cirata floating solar power plant in Indonesia, the largest in the Southeast Asia region. Speaking at the inauguration ceremony on 9 November 2023, Indonesian President Joko Widodo said the plant is also the third largest in the world.

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Cirata is Masdar’s first floating PV project and its first renewable energy construction project in the Southeast Asian market. Built on a 250-ha plot of the Cirata Reservoir in West Java province, it will power 50,000 homes and offset 214,000 t of carbon dioxide emissions.

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Masdar and PLN have recently signed an MOU to develop Phase II of Cirata with up to 500 MW additional capacity, following a regulatory development from the Ministry of Public Works and Housing in Indonesia that has increased the portion of water that can be covered – for renewable energy uses – to a maximum of 20%.

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According to Indonesia’s Minister of Energy and Mineral Resources, Arifin Tasrif, the capacity of the Cirata floating solar plant “could be greater, with a maximum total potential reaching around 1.2 GW peak, if it utilised 20% of the total area of the Cirata Reservoir. With the operation of the Cirata floating PV, we hope it will increase investor confidence and encourage technological innovation as a solution to limited land in developing solar energy, where Indonesia has enormous floating PV potential.”

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Darmawan Prasodjo, CEO of PLN Group, further emphasised that the completion of the Cirata floating solar plant is a “showcase for global cooperation to realise emissions reductions in accelerating the energy transition towards net-zero emissions by 2060.”

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Indonesia has plans to increase its renewable energy mix and pledged to reach net-zero emissions by 2060 or sooner. The country has committed to a 29% reduction in greenhouse gas emissions by 2030.

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With that in mind, Masdar pointed out that “floating solar plants are attractive to countries like Indonesia with expanding populations and scarce land resources. They provide higher solar panel efficiency and productivity due to the close proximity of the panels to the water surface that helps cool them. Floating panels also reduce evaporation, saving fresh water for drinking and irrigation purposes.”

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Volvo Construction Equipment (Volvo CE) has delivered an EC750EL excavator to help build a major solar power plant in Fukushima, Japan. It is the largest Volvo excavator ever sold in the country and is paired with an A45G articulated hauler to shape the project’s groundwork.

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The EC750EL belongs to rental company EPR, which received an A45G articulated hauler simultaneously. Both machines are in operation at the huge construction site located in Fukushima City, Fukushima prefecture.

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“This is a significant project for Volvo CE in Japan for many reasons,” said Shoji Isamu, Volvo CE’s head of market Japan. “In addition to using our largest Volvo excavator in Japan, EPR is pairing it with an A45G articulated hauler for optimum performance.

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“Volvo CE articulated haulers have a solid reputation in Japan, but there is less understanding of the benefits to contractors of using them with Volvo excavators. The productivity of both machines has been excellent so far, and we believe other companies will take note.”

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There are around 60 machines – including 10 from Volvo CE – at the construction site, which features steep, slippery and mountainous terrain. EPR has supplied all the machines on the job to its sister company EPS, the main contractor.

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EPR has run a fleet of Volvo articulated haulers for many years. Its first investments were A25E and A40E units, and it subsequently progressed to A25F and A40F models, purchasing large numbers of both. Its positive experiences and latest purchase of an A45G prompted the company to look at Volvo excavators too.

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This project covers 345 ha, of which almost 60 ha requires earthworks. The mega solar power development will eventually have an output of around 40 MW. Construction began in 2022 and will last almost five years. Over 130,000 solar panels of 450 W capacity are planned for installation.

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Volvo CE’s involvement in the project aligns with its Science Based Targets (SBT) initiative. Since 2013, Japan has accelerated its investment in solar power, and the country’s focus on greater sustainability has seen an estimated 572 companies sign up for the SBTi programme.

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“Volvo Construction Equipment’s advanced machinery has the technology and power to bring projects like these to life. We believe there will be opportunities to participate in similar initiatives in the future,” said Mr Isamu.

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