Renewables.digital currently lists 14 Solar PV transactions in Asia between January 2025 and August 2026, with a combined capacity of 8,684 MW, led by India (6), Israel (2), Malaysia (1), Philippines (1) and Singapore (1). The most active companies are Inox Clean Energy (2), ACCV Holdings (1), ACEN (1) and ACEN Renewables International Pte. Ltd. (1). The most recent deal is “Nofar Israel Acquires 92.5% Stake in Highlight Renewable Energies, Adding 850 MW Solar and 4.4 GWh BESS Pipeline” (16 August 2026).
14Transactions
8,684 MWTotal capacity
8Countries
10With PPA
January 2025 – August 2026Period
Key facts
14 transactions between January 2025 and August 2026, 8,684 MW in total (average 668 MW per deal)
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.
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.
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.
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.
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.
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.
Statkraft has signed an agreement to sell its Indian renewable energy portfolio in Rajasthan, totalling approximately 1.5 GWp, to Serentica Renewables. The deal includes the 445 MWp Khidrat solar plant (operational in 2025) and approximately 1,000 MWp of solar and wind projects in various stages of development. The transaction reflects Statkraft's strategic refocus on core markets in Europe and South America.
Inox Clean Energy has acquired an approximately 300 MWp operating solar PV portfolio from SunSource Energy in India, comprising multi-state projects backed by long-term PPAs with major C&I customers.
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.
