Today’s renewable energy news includes announcements from Rooftop Solar in Vietnam, Vast Renewables, Hydro, among others.
Thai Firms Form JV to Expand Rooftop Solar in Vietnam
Two Thai companies have formed a joint venture (JV) to deploy rooftop solar projects across Vietnam, targeting commercial and industrial customers seeking affordable clean energy. The JV will invest in innovative solar technologies and flexible financing models to accelerate adoption in one of Southeast Asia’s fastest-growing renewable markets. By focusing on customer-centric solutions, the partnership aims to reduce electricity costs, enhance energy reliability, and help businesses meet sustainability goals. The investment will support Vietnam’s push for low-carbon growth, while enabling factories and enterprises to benefit from long-term environmental and economic gains. The collaboration highlights Thailand’s expanding regional footprint and the role of cross-border renewable investment in driving clean energy transformation
Vast Renewables Enters Voluntary Administration Amid Funding Challenges
Vast Renewables, an Australian specialist in concentrated solar power (CSP) technology, has entered voluntary administration following difficulties in securing required project financing. The company, known for its innovative modular CSP systems designed to deliver long-duration, low-carbon heat and power, had been developing several high-profile projects, including one supported under Australia’s renewable funding programmes. Despite strong technology potential, the firm faced rising costs and capital constraints, prompting the decision. Administrators will now assess options for restructuring, securing new investment, or selling assets. For customers and partners, the process aims to ensure clarity and continuity wherever possible. The development highlights ongoing challenges in commercialising next-generation energy technologies, even as demand for reliable, dispatchable renewable solutions grows worldwide.
Hydro Approves EUR 214m Investment for Pumped-Storage Project in Norway
Hydro has taken Final Investment Decision (FID) on a EUR 214 million pumped-storage hydropower project in Sogn og Fjordane, Norway, aimed at strengthening the nation’s renewable energy flexibility. The project will upgrade existing hydropower infrastructure to create high-capacity, fast-response storage, enabling better integration of wind and solar. This major investment in innovation enhances Norway’s ability to balance the grid, store surplus renewable power, and provide stabilizing services during peak demand. Designed with a strong customer focus, the system will support industries and consumers with more reliable, low-carbon electricity. Once operational, the project will deliver long-term energy security, emissions reduction, and improved market stability, reinforcing Hydro’s role in advancing resilient, sustainable energy solutions in the Nordic region.
Faheema P