Energy

Philippines: Ayala invests in $150m Indonesia wind farm project

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Called Sidrap Project, it is the first utility-scale wind farm project in Indonesia targeted to have a generating capacity of 75 MW and is expected to be completed before 2017 ends.

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Bill Gates, Jeff Bezos, Jack Ma, others back $1b clean energy fund

Bill Gates and more than a dozen of the world’s wealthiest individuals revealed a new $1 billion investment fund late Sunday to foster major advances in clean energy production. Dubbed Breakthrough Energy Ventures, the 20-year fund is backed by a mix of technology luminaries and heavyweights from the energy industry…. Read more »

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The project, being run under the special purpose vehicle GMR OSE Hungund Hospet Highways Pvt. Ltd, is jointly owned by a consortium of GMR and Oriental Structural Engineers Ltd. Photo: Mint
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Singapore Exchange. Photo: Bloomberg
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Singapore: Sembcorp ups stake in India renewable energy biz to 65.12%

Singapore-based listed energy, water and marine group Sembcorp Industries has announced that its 100 per cent-owned subsidiary Sembcorp Utilities has increased its stake in its India renewable energy business to 65.12 per cent, from 64.06 per cent. According to a filing, Sembcorp Utilities had subscribed to the entire rights issuance… Read more »