Asia & Oceania

The global target to treble renewable energy capacity to 11TW by 2030 is off track, according to a report from BloombergNEF (BNEF).

The global weighted average LCOE of utility-scale PV plants fell to US$0.044/kWh in 2023, a 12% year-on-year decline from 2022.

Australia’s Energy Corporation of New South Wales (EnergyCo) has granted a transmission operator’s licence to the ACEREZ Partnership for the Central-West Orana Renewable Energy Zone (REZ) transmission project.

Victoria-based electricity distribution company Powercor has been granted a new transmission licence to connect large-scale solar PV, wind generation, and battery energy storage, in Australia's southern state.

Chinese module manufacturer JA Solar has inked a 1GW solar PV module distribution agreement with Australia’s One Stop Warehouse (OSW), covering the European, US and Asia-Pacific markets.

The average price of n-type material last week reached RMB41,700/ton (US$5,933), up 0.24% month-on-month, while other quotations remained stable, according to the latest figures.

Australia’s Clean Energy Regulator (CER) has revealed that over 7GW of renewable energy capacity could be added in the country by the end of 2024.

Australian investment bank Macquarie Asset Management (MAM) is set to invest up to US$1.73 billion to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI).

UK-based investment group Foresight Solar Fund has confirmed that it will sell its Australia portfolio, consisting of 170MW of operational solar PV and 122MW of battery energy storage systems (BESS).

Australia has confirmed that the first round of the Quad Clean Energy Supply Chains Diversification Program will open in November 2024.