Greenfield

The Singapore-based renewables firm has secured land rights to develop an additional 1GW of solar projects ‘over the near term’.

Nine US and European developers plan to bid in the Bureau of Ocean Energy Management’s seventh lease auction.

The 2.1GW facility is the largest Chinese-led power project to date in the country, and part of Jakarta’s efforts to provide 35GW of new capacity by 2020.

The 200MW Aussie plant joins two operating solar farms backed by the vehicle last November.

The German-based investor said it sees the US wind market as an attractive way to grow its €16bn portfolio of alternative assets.

The 1,830km project is set to be among the longest of its kind in the world, transmitting thermal and wind power across the subcontinent’s central and southern states.

The Middle Kingdom is set to play a growing role in the South Asian country’s energy fortunes after the $1.8bn acquisition of a major utility by Shanghai Electric Power last October.

The team, which also includes FCC and Acciona, will be tasked with building one of the largest infrastructure projects in Latin America.

The US utility has been increasing its renewable energy portfolio and will partner with RES to build 3GW of wind projects by 2020.

The AIIB ended its inaugural year with the approval of its largest loan ever, a commitment to back a $8.6bn gas pipeline project in Azerbaijan.