Asia & Oceania

Hail claims have averaged nearly US$58.4 million per claim, according to a report from renewable energy project underwriter GCube Insurance.

ACWA Power will develop the largest green hydrogen plant in Indonesia, which will be powered by 600MW of new solar and wind capacity.

French energy giant TotalEnergies is the top solar developer, according to research firm Mercom Capital Group's latest report.

Indian renewables developer Adani Green Energy Ltd. (AGEL) has closed a US$1.36 billion debt facility to support the development and construction of its large-scale projects.

Renewable energy investment fund manager Copenhagen Infrastructure Partners (CIP) launched its second Growth Markets Fund (GMF) this week (4th December), seeking US$3 billion in financing for renewable energy generation.

ReNew Energy Global and the Asian Development Bank have signed a deal to raise US$5.3 billion in funding for new clean energy projects.

UAE state-owned renewable energy developer Masdar has signed a number of solar PV and renewables agreements in small and emerging global solar markets.

Spanish developer Acciona Energia will begin constructing a 380MW solar PV plant in Australia in the first quarter of 2024.

Solar manufacturer GCL SI is among the companies that will be present at COP28 and with whom PV Tech was able to speak with Zhang Kun, executive president of GCL SI about what it expects from COP28, the pledge to treble renewable generation capacity and what the solar industry can bring to the conversation in Dubai.

118 countries have signed the ‘Global Renewables and Energy Efficiency Pledge’ on Saturday (2 December) at COP28 in Dubai to treble global installed capacity by 2030.