[SMM Flash News] Toyota Tsusho Wins Benin BESS Contract for 50MW/160MWh Storage Tied to Three Solar Plants

Indonesia's Astrindo Nusantara Infrastruktur (BIPI) said it plans to divest 4,995 shares, representing a 99.9% stake in coal mining subsidiary Sintesa Bara Gemilang (SBG), to non-affiliated party Indo Panca Borneo (IPB) in a deal valued at Rp 1.79 trillion ($100 million), as part of efforts to optimize its business portfolio, strengthen its capital structure and reduce financial risks; BIPI and IPB signed a conditional share sale and purchase agreement on May 21, with completion targeted by year-end, and the divestment will be discussed at an Extraordinary General Meeting of Shareholders on June 30, with BIPI management telling the Indonesia Stock Exchange on Monday it believes the transaction will positively impact the company's financial condition and support future business development.

Finnish renewable energy investor Korkia announced that its subsidiary Korkia Renewables Development Sweden has received an environmental permit from the County Administrative Board of Dalarna to build a 150-MWp solar photovoltaic plant and a 150-MW/600-MWh battery energy storage system in the Vilmoren forest area, collectively known as the Smedjebacken project, which is expected to generate around 150 GWh of electricity annually once operational; the project has already secured a grid connection and is now moving toward ready-to-build status, with Korkia noting the approval marks one of the few permits of comparable scale for solar and storage projects in Scandinavia, following a string of permitting milestones in H1 2026 that also included approval for two solar projects in Alberta, Canada, a substation in Chile, and a series of licences for solar and storage projects in Romania.