AIIB approves USD60 mn commitment to STIC Asia Infra Fund
The Asian Infrastructure Investment Bank (AIIB) has committed US$60 million to the STIC Asia Infrastructure Innovation Fund.
The fund is managed by STIC Investments, a private equity firm in South Korea, and has a target size of US$480 million. The fund will invest in small and medium-sized companies across digital infrastructure and green energy infrastructure sectors in South Asia, Southeast Asia and the Republic of Korea.
The goal of AIIB is to grow technology-enabled infrastructure innovation in developing Asian economies by mobilizing private capital. It aims to foster the adoption and development of technologies and contribute to mobilizing capital from Korean institutional investors toward developing Asia.
Country updates
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September 15, 2021
Shell enters JV with CoensHexicon for 1.4 GW floating offshore wind farm in South Korea
Shell Overseas Investment BV, a unit of Royal Dutch Shell Plc, has signed a joint-venture agreement with CoensHexicon Co Ltd for the development and construction of a 1.4 GW floating offshore win...
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August 19, 2021
GIG, TotalEnergies to progress 504 MW floating wind project off the coast of Ulsan Metropolitan City
Macquarie's Green Investment Group (GIG) and TotalEnergies have obtained an Electricity Operating License (EBL) for their floating offshore wind power project on the coast of Ulsan, South Korea. This...
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July 15, 2021
Eurus Energy starts the commercial operation of the 21 MW Samsu Wind Power project in Taebaek
Eurus Energy Group, in partnership with Daehan Green Energy Co., Ltd. and Korea South-East Power Co., Ltd., has launched the commercial operation of the 21 MW Samsu Wind Power project. The power plan...
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June 24, 2021
Vestas to equip 46 MW Yeongwol Eco wind farm in Gangwon
Vestas has received a 46 MW order from Yeongwol Eco Wind Co., Ltd. for the Yeongwol Eco Wind Project in Korea. Co-owned with E1 Corporation and to be constructed by Daewoo E&C, the project will be...
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May 31, 2021
K2 to provide design and engineering services for 504 MW Taean Offshore Wind Farm
K2 Management (K2M) has been selected for design and engineer services for Taean Wind Power’s 504 MW offshore wind farm in South Korea. With substantial climatological and topographical constra...
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