Asia & Oceania

Portuguese utility EDP, through its subsidiary EDP Renewables (EDPR), has acquired Australian solar developer ITP Development.

New solar installations in China reached 216.88GW in 2023, a 148.12% year-on-year increase, according to the National Energy Administration of China.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.

UK BESS developer Harmony Energy has established a joint venture with New Zealand energy group Clarus' subsidiary First Renewables to develop a 200MWac solar project.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.

The Solar Energy Corporation of India (SECI) has given approval to Green Infra Wind Energy to build a 450MW hybrid solar-plus-wind project.

Electricity generation from low-emission sources such as solar, wind, hydro, and nuclear will cover all global demand growth to 2026.

Rio Tinto has signed a power purchase agreement (PPA) with European Energy to buy all of the power at the latter’s Upper Calliope solar farm.

Solar PV accounted for 55.8% of the total power generation capacity added to the Indian grid in 2023, including fossil fuel additions which rose considerably over the year in response to growing electricity demand.