Petrovietnam has signed major energy agreements with American firms during General Secretary and President To Lam's working visit to the United States. Deals inked with Chevron, ExxonMobil Asia Pacific and Murphy Oil aim to secure crude supplies, advance offshore developments and attract funding. The state-owned energy group outlined a US$29.2 billion investment plan for 2026 to 2030 to join the Fortune Global 500 list.
Asia-Pacific real asset manager ESR has signed an agreement to acquire full ownership of Aquila Clean Energy APAC from Hamburg-based Aquila Group. The deal adds a 1.6 GW clean energy portfolio across key markets including Australia, Japan and South Korea. By integrating solar, wind and battery assets with its logistics and data centre operations, ESR aims to meet surging power demand across the region.
Saudi Arabia's National Housing Company (NHC) has signed a memorandum of understanding with French energy firm EDF during the Saudi-French Investment Roundtable in Paris. Signed in the presence of HRH Crown Prince Mohammed bin Salman and French President Emmanuel Macron, the agreement focuses on solar energy, electrical infrastructure, electric vehicle charging and carbon reduction across NHC urban developments, supporting Saudi Vision 2030 housing goals.
Solar power company Alight has expanded its clean energy partnership with automotive supplier Lear Corp through three new industrial projects in Europe. The initiatives include a 1.4-megawatt solar carport in Valls, Spain, and two rooftop solar systems at factories in Poland. Operating under a long-term Solar-as-a-Service model, the new installations bring the firms' joint European capacity to more than 6 megawatts across six operational sites.
Abu Dhabi sovereign wealth fund Mubadala has announced a US$325 million stake in the Hornsea 3 offshore wind project. Partnering with an Apollo-led consortium, the investment supports the development of the world’s largest single offshore wind farm off the Norfolk coast. The 2.9GW project will eventually power over 3.3 million UK homes, contributing significantly to the nation’s 2030 renewable energy targets and net zero ambitions.
The Government of Alberta has signed a major memorandum of understanding with South Korea’s Hanwha Group. This partnership aims to expand energy exports and industrial growth between the two regions. By aligning Alberta’s vast natural resources with Hanwha’s technical expertise, the deal supports Canada’s Indo-Pacific Strategy. It focuses on crude oil, hydrogen and long term defence infrastructure to strengthen economic security and trade.
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