Asia & Oceania

New Zealand has submitted nine solar PV projects for fast-track approval since 2020, totalling 1,147MWp in power generation capacity.

AEMO Services has received bids for 3.1GW of power generation in the state of New South Wales, more than three times the target of 950MW.

As solar PV continues its accelerated growth, 2023 is expected to be no exception with 270GW of capacity to be added, according to Wood Mackenzie.

Prices of all upstream PV products such as silicon wafers and silicon ingots increased recently, but downstream module prices continued to decline and reached new lows.

The continued decrease in polysilicon prices has halved Daqo New Energy's revenues during the second quarter of 2023.

Indian renewables developer Tata Power Renewable Energy (TPREL) has signed two power purchase agreements (PPA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for 350MW worth of solar PV power generation.

Chinese module manufacturer GCL System Integration (GCL SI) has commissioned the first phase of its 20GW tunnel oxide passivated contact (TOPCon) cell plant in Wuhu, China.

Brookfield Asset Management and Indian conglomerate Reliance Industries have signed a memorandum of understanding (MoU) to pursue renewable energy manufacturing opportunities in Australia.

Many Australian state governments have implemented favourable economic policies to encourage more solar investment within their borders.

Hexa Renewables has signed a memorandum of understanding with UEM Group Berhad and Itramas to develop up to 1GW of solar projects in Malaysia.