Asia & Oceania

Fortescue Metals is aiming to capitalise on China’s “insatiable demand for green products” through green metals production and exports.

NZGIF has provided a NZ$78 million (US$48.7 million) financing facility to FNSF to help complete around 1.1GW of new solar projects.

Adelaide-headquartered renewable energy developer ZEN Energy has signed a 10-year power purchase agreement (PPA) with developer Enel Green Power Australia to secure green energy produced from 98MW solar PV project in New South Wales.

Tech giant Microsoft has signed agreements with RenNew in India and EDP Renewables in Singapore to secure 637.6MW of solar PV energy in Asia.

Construction is expected to start in November, with the 2GW module assembly plant built in the United Arab Emirates (UAE).

Several Chinese provinces have suspended the approval of new distributed PV projects amid concerns over available grid capacity.

Daqo New Energy's polysilicon average selling price dropped from US$7.66/kg in Q1 2024 to US$5.12/kg in Q2 2024, while its average production cost sat at US$6.19/kg.

Australia-based solar PV module manufacturer Tindo Solar has inked a new strategic supply agreement with Capral Aluminium to support its domestic production plans.

The New South Wales (NSW) government has approved plans for solar developer Lightsource bp’s proposed 450MW Goulburn River Solar Farm, in the Upper Hunter region.

India’s cumulative installed solar capacity stood at 87.2GW by the end of June 2024 and accounts for 19.5% of all power capacity installed.