Asia & Oceania

Global renewables capacity will reach 7.3TW by 2028 under existing policies and market conditions, according to the IEA.

Solar irradiance in Southeast Asia last year was 10% higher than long-term averages - the best-performing region across the globe - according to Solargis.

India installed 12.9GW of renewable energy capacity in 2023, over 10GW of which was solar PV capacity. This represents a 28% decline in PV additions and an 18% drop in overall renewables capacity additions year-on-year.

GCLSI has signed a module supply contract with NTPC Renewable Energy to supply the company with 1.1GW of solar modules.

Indian commercial and industrial (C&I) renewables developer Serentica Renewables has secured funding for a 530MW round-the-clock hybrid project in India.

Indian independent power producer (IPP) ReNew Power has sold a 300MW solar project in Rajasthan for US$199 million to India Grid Trust.

In the first week of 2024, a number of Chinese PV companies published their first quotes of the year for PV products.

Iberdrola says that of the agreed amount €170 million has already been committed to finance onshore wind projects in Poland.

The China Energy Engineering Corporation (CEEC) has commissioned 400MW of a 1GW solar project in Uzbekistan.

LONGi has developed a crystalline silicon heterojunction back-contact solar cell, which boasts a conversion efficiency of 27.09%.