Asia & Oceania

Masdar has reached financial close on three PV facilities in Uzbekistan with a combined capacity of approximately 877MW.

A Singaporean independent power producer (IPP) plans to develop 2GWp of solar PV projects in the Philippines by 2030, with 500MW already under development.

According to AEMO, Australia will need to install more than 10,000 kilometres of new transmission to connect consumers with renewable energy.

India’s accelerated pace with its domestic solar manufacturing capacity is set to reach 110GW of solar PV module capacity per year by 2026.

PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.

A developer is required to submit a bid with a minimum capacity of 50MW, while it can also bid for up to 2GW.

Allegations of fraud at Indian conglomerate Adani Group, which have knocked around US$125 billion off its market value since January, are unlikely to cause any perceptible damage to India’s long-term solar growth, according to two prominent members of the industry.

German-headquartered solar developer Enerparc has sold 193MW worth of its Australian solar PV assets to Ingka Group, the owner of furniture retailer IKEA.

Solar tracker supplier Nextracker has signed a deal with EPC contractor Sterling and Wilson to supply trackers to a 1.2GW solar PV project in India.

Solar PV silicon wafer manufacturer TCL Zhonghuan has planned to reach a total mono wafer annual capacity of 180GW by the end of 2023.