Asia & Oceania

Virtual Power Plants (VPPs) have emerged as a novel energy management solution, offering an effective means to address energy supply issues.

The Australian Electricity Market Operator (AEMO) has indicated that Australia has seen the addition of 1.2GW of new large-scale solar projects brought online and connected to the National Electricity Market (NEM) in the past 12 months.

Fortescue Metals is aiming to capitalise on China’s “insatiable demand for green products” through green metals production and exports.

NZGIF has provided a NZ$78 million (US$48.7 million) financing facility to FNSF to help complete around 1.1GW of new solar projects.

Adelaide-headquartered renewable energy developer ZEN Energy has signed a 10-year power purchase agreement (PPA) with developer Enel Green Power Australia to secure green energy produced from 98MW solar PV project in New South Wales.

Tech giant Microsoft has signed agreements with RenNew in India and EDP Renewables in Singapore to secure 637.6MW of solar PV energy in Asia.

Construction is expected to start in November, with the 2GW module assembly plant built in the United Arab Emirates (UAE).

Several Chinese provinces have suspended the approval of new distributed PV projects amid concerns over available grid capacity.

Daqo New Energy's polysilicon average selling price dropped from US$7.66/kg in Q1 2024 to US$5.12/kg in Q2 2024, while its average production cost sat at US$6.19/kg.

Australia-based solar PV module manufacturer Tindo Solar has inked a new strategic supply agreement with Capral Aluminium to support its domestic production plans.