Asia & Oceania

Norwegian renewable energy developer Scatec has started commercial operation of 150MW solar PV plants in Pakistan.

In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.

Two solar PV plants have been installed in gold mines in the Democratic Republic of Congo (DRC) and Mongolia to supply clean energy to their operations.

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.