Q4 2022 saw a marked uptick in renewable energy investment in Australia, and a 17% total bump in year-on-year investment was recorded compared with 2021. Despite this, more is needed to reach the country’s Renewable Energy Targets according to the Australian Clean Energy Council.
Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts.
Canadian Solar has received the green light for 685MW of PV projects in Spain, the same week that it announced commercial operation of three Japanese solar plants totalling 42MWp.
Floating PV (FPV) developer Sungrow FPV will supply floating systems to a 192MW project in Indonesia, which it has said will be the largest floating installation in the country.
Saudi energy provider ACWA Power has signed agreements to develop 1.4GW of solar PV and 1.2GW of energy storage projects in Uzbekistan to be financed by the country’s Ministry of Investment, Industry and Trade.
A number of solar module manufacturers have reportedly bid for financial incentives offered by the Indian government to expand domestic manufacturing of solar panels.