Octopus Energy invests in South Korea solar: UK-based Octopus Energy’s generation arm has announced an investment in South Korea-based Skygreen Energy, which aims to scale up to 500 MW of solar. Octopus says, over the next 2 years, it will support Skygreen to develop up to 20 small- to medium-sized solar farms with a combined 140 MW solar capacity. Power generated will be sold to technology, manufacturing and heavy industries, helping businesses bring down their carbon footprint. Octopus says it sees huge potential for solar energy in South Korea, a country where coal accounts for around 30% of its electricity supply and the country targets to triple the share of renewables in its power mix from 10% to 33% by 2038.
Solar power for PI: Japanese utility JERA has started supplying solar power from its facilities in Japan to Prestige International’s (PI) 6 business processing outsourcing (BPO) sites through an off-site corporate power purchase agreement (PPA). Out of these 6 PI sites, 5 are located in the Tohoku area and 1 in the Hokuriku area. JERA said approximately 30% of the electricity used in the Tohoku area will be sourced from renewable energy derived from its solar power plants, while the remaining electricity will be sourced from solar power plants in the Chubu area or procured from the market. JERA is already supplying solar power from its off-site facilities to PI’s Iwate BPO Fortress since June 1, 2024.
Nozomi Energy’s CPPA with JERA: JERA has separately entered a CPPA for specified wholesale electricity supply with Actis-backed Nozomi Energy. The agreement relates to Nozomi’s Maki Solar Power Plant, from which solar power will be supplied to consumers of JERA through JERA Cross, ‘using specific wholesale supply and hourly matching, aimed at achieving 24/7 carbon-free electricity.’
Financial close for 189 MW in Singapore: French decentralized energy solutions provider GreenYellow, along with French impact investor STOA and German development finance institution DEG, has achieved financial close on a 189 MW asset platform in Singapore. This YieldCo is dedicated to operational self-consumption solar assets in Vietnam and Thailand. It is expected to reach 400 MW by the end of 2026. GreenYellow holds 51% of the capital, while STOA and DEG own 29.7% and 19.3%, respectively. GreenYellow says this enables it to optimize its expansion in Asia while continuing to operate in Europe.
Solar power for Linde subsidiary in Australia: ZEN Energy of Australia says it has secured one of the country’s largest multi-state Electricity Retail Agreements (ERA) with industrial gas supplier BOC Australia. Under the 10-year ERA, ZEN will purchase close to 23% of the solar generation from ACEN Australia’s 400 MW New England (Stage 1) Solar Project in New South Wales (NSW). It will then supply the same to cover BOC’s energy needs on the eastern seaboard up to 2035. This tripartite deal will enable BOC, a subsidiary of Ireland’s industrial gases and engineering company Linde, to reduce its carbon emissions by over 40% by 2035. It will then further support Linde’s target to reduce its global emissions by 35% by 2035.
Jinko ESS supply agreements in Australia: Jinko ESS has signed 2 separate agreements with BlueSun Group and Go Solar in Australia to deploy 200 MWh each of its SunGiga C&I All-in-One 215 kWh liquid-cooled energy storage systems (ESS). This system, says the manufacturer, has been independently verified to meet key Australian standards: AS3000, AS3008, AS5139 and AS4777. This product, with its C5+ anti-corrosion certification, can withstand Australia’s harsh climates, it says.
