Asia & Oceania

The Australian government has announced AU$50 million (US$33.7 million) in investment to develop renewable energy supply chains – notably for solar and energy storage – in the Indo-Pacific.

ReNew will receive US$7.8 billion in funding from two Indian government departments to develop clean power projects in the country.

Trina Solar will continue the shift from producing p-type to n-type products, while it aims to base its manufacturing and operations purely on renewable energy by 2030. 

UAE state-owned renewable energy developer Masdar has launched its first US$750 million 10-year green bond, with the proceeds to be invested in renewables, including solar and wind projects.

Carrie Xiao on a recent workshop held by TÜV Rheinland where PV developers, buyers and investors exchanged views on module quality and buying strategies.

State-owned Solar Energy Corporation of India has launched a tender for 1GW of domestic solar modules from manufacturers in India.

The Philippines Department of Energy (DOE) has awarded 1.96GW of solar PV projects in its most recent Green Energy Auction Round (GEA2).

Agreements have been reached to develop a green hydrogen production facility in Western Australia, powered by a 900MW solar PV plant.

Chinese module manufacturer GCL System Integration (GCL SI) has estimated its preliminary net profit for the first half of 2023 to be around RMB100-120 million (US$14-16.7 million), up 160.6-219.9% from the same period last year.

Utility Enel has signed an agreement with Japanese energy company Inpex Corporation to sell half of its Australian operation for US$446.9 million.