Asia & Oceania

Clean energy added about US$320 billion to the world economy last year, accounting for 10% of global GDP growth in 2023, according to a study from the IEA.

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

The Indian government has released guidelines for a rooftop solar scheme aiming to install solar systems in 10 millions households.

Rooftop solar capacity has surpassed 20GW in Australia, becoming the second largest source of renewable electricity generation.

Singaporean C&I renewables developer BECIS has secured US$50 million to expand business in Southeast Asia and India.

The transaction price of n-type silicon rod has fallen to 58-60 RMB/kg (US$8.01-8.29/kg) and the average price is down 3.30% month-on-month.

Indian renewables company Mahindra Susten has planned to develop a 153MW hybrid project in Maharashtra, India.

About AU$2.5 million of the funding will be used to ensure that residential solar modules can avoid landfills and are repurposed for parts.

Japanese power company Jera has created a subsidiary that will develop 20GW of renewable capacity by 2035.

The rapid deployment of solar and other renewables is creating new pressures on the efficient operation of electricity markets. Stephen Woodhouse looks at whether a shift from national to locational pricing offers a solution to optimal market design as decarbonisation efforts gather.