[SMM Flash News] Astrindo Plans Rp 1.79 Trillion Sale of Coal Mining Unit Stake

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.

Japanese trading company Toyota Tsusho Corp (TYO:8015) has been contracted by the Beninese Electricity Production Company, under Benin's Ministry of Energy and Water, to deploy 50 MW/160 MWh of battery energy storage systems (BESS) for three solar power plants in Benin's Pobe region, at a total project cost of EUR 48.6 million (USD 55.4 million); Toyota Tsusho announced on Thursday that the three solar plants have a combined capacity of 75 MW, including a 25 MW farm it put into operation itself in March 2026, with German engineering firm Eiffage RMT serving as its EPC partner and the BESS project slated for completion in September 2027.