Asia & Oceania

Despite the headwinds impacting module supply and solar deployment, India’s solar market is expected to emerge from a slow 2023 with significant growth and feel the benefit of the country’s protectionist domestic manufacturing policies.

Polysilicon prices have continued their downward slump, with a weekly decrease of 20%, now nearing the US$20/kg mark.

Renewables developer ACEN Australia has awarded the engineering, procurement and construction (EPC) contract for its 400MWac Stubbo solar farm to PCL Construction, a US-headquartered company.

Sun Cable, the company behind the Australia-Asia PowerLink (AAPowerLink) project, has entered into voluntary administration.

Global renewable energy company Masdar has signed a deal for a 1GW renewable energy project pipeline in Kyrgyzstan set to begin with a 200MW solar PV installation.

Independent power producer NEFIN has formed a partnership with Taiwanese energy company City Development through its subsidiary NEFIN Capital Taiwan Company (NEFIN Capital) to venture into the solar energy market in the country.

The first of Trina Solar’s 210mm n-type i-TOPCon solar PV cells have been manufactured at its 8GW facility in Suqian, Jiangsu province, China. The cells are primarily intended for use in the new generation of its Vertex N modules.

Nine Chinese companies have committed to a collective US$13.76 billion of investment in the Philippines’ renewable energy sector, set to develop solar, wind and energy storage assets.

The downward pricing trend in the upstream of the PV industry has been transmitted to wafer and cell prices and extended to modules.

Polysilicon prices have fallen off a cliff since mid-late December and the downward trend is expected to continue at least until the Chinese new year.