Asia & Oceania

Corporate financing in the solar sector reached US$8.1 billion in the first quarter of 2023, according to energy analyst Mercom Capital.

Clean energy added about US$320 billion to the world economy last year, accounting for 10% of global GDP growth in 2023, according to a study from the IEA.

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

The Indian government has released guidelines for a rooftop solar scheme aiming to install solar systems in 10 millions households.

Rooftop solar capacity has surpassed 20GW in Australia, becoming the second largest source of renewable electricity generation.

Singaporean C&I renewables developer BECIS has secured US$50 million to expand business in Southeast Asia and India.

The transaction price of n-type silicon rod has fallen to 58-60 RMB/kg (US$8.01-8.29/kg) and the average price is down 3.30% month-on-month.

Indian renewables company Mahindra Susten has planned to develop a 153MW hybrid project in Maharashtra, India.

About AU$2.5 million of the funding will be used to ensure that residential solar modules can avoid landfills and are repurposed for parts.

Japanese power company Jera has created a subsidiary that will develop 20GW of renewable capacity by 2035.