Renewables.digital currently lists 27 renewable energy transactions in Asia between January 2025 and October 2026, with a combined capacity of 13,119 MW. The most active markets are India (10), Japan (3), Israel (2), Philippines (2) and Taiwan (2); by technology: Onshore Wind (14), Solar PV (14), Battery Storage (BESS) (5) and Offshore Wind (1). The most active companies are ACEN (2), Diamond India Renewables One (2), Inox Clean Energy (2) and Levanta Renewables (2). The most recent deal is “KPI Green Energy Acquires 507.9 MW Operational Wind Portfolio in Gujarat from Alfanar Group for ~Rs 2,410 Crore” (1 October 2026).
27Transactions
13,119 MWTotal capacity
11Countries
14With PPA
January 2025 – October 2026Period
Key facts
27 transactions between January 2025 and October 2026, 13,119 MW in total (average 505 MW per deal)
How many renewable energy transactions in Asia are listed?
Renewables.digital currently lists 27 renewable energy transactions in Asia between January 2025 and October 2026, with a combined capacity of 13,119 MW.
Who are the most active buyers of renewable energy in Asia?
Diamond India Renewables One (2), Inox Clean Energy (2) and Levanta Renewables (2) (number of deals).
Who are the most active sellers?
ACEN (2), ACCV Holdings (1) and Alfanar Group (1) (number of deals).
What is the largest of the renewable energy transactions in Asia?
Inox Clean Energy Acquires Vena Energy India's 5.4 GW Solar/Wind and 2.5 GWh BESS Platform from Vena Group with 5,400 MW (4 June 2026).
KPI Green Energy has agreed to acquire 507.9 MW of operational wind assets in Gujarat, India from Saudi Arabia-based Alfanar Group for an enterprise value of approximately Rs 2,410 crore. The portfolio comprises 301.4 MW held by Alfanar Energy and 206.5 MW by Netra Wind, both backed by long-term SECI PPAs with approximately 21 years remaining. The transaction is expected to close by 28 February 2027.
Blueleaf Energy has completed the acquisition of a 40 MW operational wind farm in Belgavi District, Karnataka, India. The asset has an eight-year operating track record and complements Blueleaf's existing 1.5 GW greenfield portfolio across India.
Nofar Israel has signed an agreement to acquire a 92.5% stake in Highlight Renewable Energies for approximately 200 million NIS. The acquisition adds an estimated 850 MW of solar PV and 4.4 GWh of energy storage capacity across projects at various development stages, accelerating Nofar's position as a leading large-scale renewable energy platform in Israel.
TerraWind Renewables Inc. has completed the acquisition of a 100% interest in a 25 MW onshore wind project in Fukushima Prefecture, Japan. Construction is scheduled to begin in Q4 2026 with commercial operation targeted for Q1 2029. The acquisition expands TerraWind's Japanese onshore wind portfolio to 376 MW.
ACEN Corp. has agreed to sell up to a 49% stake in Diyos Renewables India Project Private Ltd., which is developing a 100 MW wind project in Karnataka, India, to Diamond India Renewables One B.V. (DIRO). This is the second India transaction between ACEN and DIRO, following a similar deal for a 250 MW solar project in Rajasthan announced in June 2026.
BM GreenTech Berhad has acquired 100% equity interest in NEFIN V Power Sdn Bhd, holder of a 29.99 MWac solar PV project under Malaysia's Corporate Green Power Programme (CGPP), from NEFIN Energy and NEFINCO for RM 3.6 million. Commissioning is expected in 2027, with renewable energy supply agreements already secured with Fortune 500 corporate offtakers. The acquisition marks BM GreenTech's entry into utility-scale solar ownership.
Vivant Renewable Energy Corporation, part of Philippine conglomerate Vivant Corporation, has acquired Samar Philippines Renewable Corporation, holder of a 200 MW wind project across Lavezares, Allen, Victoria and Rosario in Northern Samar, from Envision Energy Philippines. Expected to generate 695 GWh annually, the project targets commissioning by end of 2028, with 36% of capacity backed by a GEA-4 auction contract.
NOVVA Group has signed a definitive agreement to acquire 100% of the San Jose Solar Power Plant, a 120 MWp greenfield solar project in Bukidnon, Mindanao, Philippines, from Mabuhay Power Holdings Corporation. The project is expected to generate over 200 GWh annually, with construction starting Q1 2027 and commercial operation targeted for 2028. This marks Novva's first investment in the Philippines.
ACEN Corp. has agreed to sell up to a 49% stake in Tejorupa Renewables India Project Private Ltd., which is developing a 250 MWac solar project in Rajasthan, India, to Diamond India Renewables One B.V. (DIRO), a Dutch investor. The transaction includes DIRO's acquisition of an initial 10% voting interest and is subject to customary conditions precedent.
Inox Clean Energy has signed a definitive agreement to acquire 100% of Vena Energy India from Vena Group, comprising approximately 1 GW of operational capacity, 1.7 GW of advanced-stage solar and wind assets plus 1.2 GWh BESS, and a 2.7 GW development pipeline plus 1.3 GWh BESS. The deal is Inox Clean's tenth acquisition in ten months and will bring its near-operational portfolio to approximately 4 GW.
Energy Vault Holdings has closed the acquisition of an 850 MW battery energy storage development portfolio in Japan from BayWa r.e. AG, including an experienced local development team. The portfolio comprises 350 MW of advanced-stage projects (NTP expected H2 2027, COD from mid-2028) and 500 MW of early-stage projects. The deal brings Energy Vault's global owned asset base to over 1 GW.
RES has completed the sale of the 66 MW Topaz Wind Energy Project in the Alaca and Aydıncık districts of Çorum and Yozgat provinces, Türkiye to Reges Elektrik. The project was awarded under a 2017 TEİAŞ tender and obtained its production licence in March 2026. Once operational, it is expected to prevent approximately 80,000 tonnes of CO₂ emissions annually.
J&V Energy Technology has agreed to acquire a 187 MW portfolio of 42 operational solar plants across Central and Southern Taiwan from a fund managed by Global Infrastructure Partners, a part of BlackRock. The fully contracted assets generate approximately 270 million kWh annually and have a remaining operating life exceeding 15 years. The transaction is expected to close in Q3 2026.
Chugoku Electric Power Co Ltd and Toda Corp have acquired an undisclosed equity stake in the 54 MW Masuda-Hikimi Wind Power Project in Shimane Prefecture, Japan, from Mitsui OSK Lines and Hokutaku. The project features 13 wind turbines of 4.2 MW each and is developed through SPC Asia Wind Power. Construction is set to begin shortly, with operations scheduled for January 2030.
Technique Solaire Group has signed a Share Purchase Agreement to acquire a 117.5 MWp (100 MW AC) operational solar project in Tamil Nadu, India from ReNew Energy Global Plc. Commissioned in September 2019, the project operates under a 25-year PPA with TANGEDCO. The transaction is carried out through Technique Solaire's Indian subsidiary JLT Energy 9 and is expected to close subject to customary conditions.
Peak Energy has acquired a nearly 10 MW portfolio of operating commercial and industrial rooftop solar assets in Singapore from Maiora Renewable Energy Pte Ltd. Backed by Stonepeak, the acquisition strengthens Peak Energy's position as a leading C&I rooftop solar platform in Southeast Asia and expands its ability to offer long-term VPPAs to Singapore-based corporates seeking locally sourced renewable energy.
Gresham House, a UK-headquartered specialist asset manager, has agreed to acquire Asia Clean Capital Vietnam Pte. Ltd. (ACCV Pte) from ACCV Holdings. One of Vietnam's leading C&I renewable energy developers, ACCV Pte holds an operational solar portfolio and a robust development pipeline serving multinational manufacturers. The deal follows the integration of SUSI Partners into Gresham House's Energy Transition division and positions ACCV Pte for accelerated growth in Vietnam's expanding clean energy market.
Levanta Renewables, Actis' pan-Southeast Asia renewable energy platform, has acquired an 80% stake in a fully operational 50 MW onshore wind project in Gia Lai Province, Vietnam. The asset generates over 150 GWh annually and sells power to state-owned Vietnam Electricity (EVN) under long-term PPAs. The transaction is Levanta's fifth regional acquisition, bringing its total operating capacity to approximately 400 MW.
INOXGFL Group units have won the bid to acquire 600 MW of operational wind IPP capacity and nearly 4.5 GW of O&M assets from bankrupt Wind World India, strengthening their position in the Indian wind market.
ACEN has consolidated its joint venture with UPC Renewables to gain 100% ownership of a 1,059 MWdc renewable energy portfolio in India, alongside a nearly 7 GW development pipeline. The move reinforces ACEN’s long-term commitment to India’s clean energy transition.
Shikun & Binui Energy has signed a binding agreement with the Azrieli Group for the sale of a 50% interest in the Ramat Beka solar and energy storage project in Israel. The 112 MW DC PV project with 784 MWh of storage is one of the largest of its kind in the country and is expected to reach commercial operation in 2029.
Levanta Renewables, Actis' pan-Southeast Asia renewable energy platform, has acquired a fully operational 93 MWp ground-mounted solar portfolio spanning eight provinces in Thailand. The portfolio generates over 140 GWh annually under long-term PPAs with Thailand's Provincial Electricity Authority (PEA) and Metropolitan Electricity Authority (MEA). The acquisition expands Levanta's Thai operational solar portfolio to over 420 MWp.
RES Group has sold the 60 MW Demirli onshore wind project located in Kırşehir Province, Türkiye, to Reges Elektrik. The ready-to-build wind project has secured its production license and will contribute significantly to emissions reduction and public revenues once operational.
ACWA Power has agreed to acquire stakes in a portfolio of onshore wind projects in China totaling approximately 1.25 GW, including one operational asset and four projects under construction.
Ørsted has agreed to sell a 55% stake in the 632 MW Greater Changhua 2 offshore wind farm in Taiwan to Cathay Life Insurance and Cathay Power for approximately DKK 5 billion/around €670 million.
Data as of 2 October 2026. The overview covers the transactions currently listed in the Renewables.digital database; each deal links to its original public source.
