South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
Hyundai Engineering & Construction is expanding its European footprint through nuclear partnerships in Finland, Sweden and the Netherlands. Collaborating with Westinghouse and Holtec International, the firm is facilitating large-scale reactors and next-generation Small Modular Reactors. These initiatives align with a regional shift toward fossil fuel-free energy, marked by a successful Helsinki symposium and a new technology agreement with Dutch firm Thorizon for molten salt reactors.
The Green Building Initiative has launched Ascent Building Certification for the UK and EU markets. This science-based system evaluates sustainability and resilience across global commercial property portfolios. Building on the success of Green Globes, it provides a transparent framework. The certification helps investors achieve measurable ESG performance while adapting to local regulations and environmental standards across all building lifecycle phases.
Council officials have greenlit a massive £531 million investment package to upgrade social housing across North Lanarkshire. The five-year plan aims to improve living standards for thousands of tenants by modernising kitchens, bathrooms and windows. A significant portion of the funding is dedicated to energy efficiency to help residents lower their heating costs. The scheme also includes the regeneration of several local estates and the demolition of older properties.
A new joint venture in Saudi Arabia has secured its first landmark deal to provide 2.25 GW of smart solar trackers for the Bisha Solar project. Nextpower Arabia, formed by Nextpower and Abunayyan Holding, will supply the equipment to Larsen & Toubro for the massive utility-scale plant in Asir Province. The move supports the Kingdom’s National Renewable Energy Program by shifting manufacturing and supply chain operations to local soil.
Blackstone Energy Transition Partners has agreed to acquire the American electrical manufacturer Arlington Industries. The deal, announced in late January, sees the global investment giant take control of a company with a 75-year history of producing fittings and enclosures. Arlington's products are central to the infrastructure of data centres and industrial facilities across the United States.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
