Asia & Oceania

Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has revealed that large-scale solar PV capital costs have fallen by 8% in Australia for the second year running.

Indian solar module manufacturer Waaree Energies has formed an Australian wholly-owned subsidiary called Waaree Renewable Energies Australia Pty Limited.

The company recorded losses of US$179.1 million in Q3, with revenues of US$88.5 million, in a continually difficult year.

US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.

Singapore-headquartered solar manufacturer EliTe Solar has commissioned a solar cell production plant in Indonesia.

SunDrive Solar has partnered with Capral Aluminium to build a sustainable and domestic supply chain for solar PV in Australia.

Australian energy company APA Group has completed the construction of a 45MW solar-plus-storage project in the Pilbara region of Western Australia.

Solar will form the cornerstone of Indonesia’s renewable power sector, according to forecasts made by think tank Ember Climate.

SolarEdge interim CEO Ronen Faier has spoken about the closure of the company’s utility-scale battery storage manufacturing business.

Australia’s Global Power Generation (GPG) has secured an AU$2.3 billion (US$1.49 billion) financing facility to support the development of its 1.8GW renewable energy and storage portfolio.