Asia & Oceania

Global corporate funding for solar projects in the first half of 2020 was US$4.5 billion, a 25% drop year-over-year, according to a report from Mercom Capital Group.

Azure Power and Tata Power were among winners in a reverse auction for 1.2GW of solar projects in India, with a winning tariff of INR2.43/kWh (US$0.0324).

Huawei has won a patent infringement case against SolarEdge in China, with the Guangzhou Intellectual Property Court ordering SolarEdge to pay RMB10 million (US$1.4 million) in compensation.

Solar manufacturers JinkoSolar and First Solar have pledged to derive 100% of their power demand from renewables amidst a set of wider goals.

Suntech has confirmed that the 1.5GW, first-phase expansion of its manufacturing facilities in Wuxi has been placed into production.

Energy tech company AES has made a strategic investment in 5B, an Australian energy start-up that manufactures modular ‘plug and play’ solar solutions.

The operator of a 50MW solar facility in North Queensland at risk of curtailment expects the problem to be resolved in the next few weeks.

Australia’s distributed renewables base could treble and more than 26GW of grid-scale renewables will be needed as the Australian electricity market evolves over the next two decades, a comprehensive review conducted by the country’s market operator has concluded.

The Indian government has extended its safeguard duty on solar equipment for one more year, effective today.

Neoen’s solar revenues soared by 34% in H1 2020 as the independent power producer (IPP) reaffirmed its goal of having 5GW in operation or construction by the end of next year.