Central & East Asia

The European Investment Bank (EIB) has signed a €150 million (US$159 million) loan to support the development of solar PV and hydropower plants in Bhutan.

Corporate financing in the solar sector reached US$8.1 billion in the first quarter of 2023, according to energy analyst Mercom Capital.

Clean energy added about US$320 billion to the world economy last year, accounting for 10% of global GDP growth in 2023, according to a study from the IEA.

The Bank of China has supplied ACWA Power with a US$80 million equity bridge loan for the latter’s Tashkent solar-plus-storage portfolio.

The transaction price of n-type silicon rod has fallen to 58-60 RMB/kg (US$8.01-8.29/kg) and the average price is down 3.30% month-on-month.

India’s Ministry of New and Renewable Energy (MNRE) has published its latest figures for clean power capacity additions in the country, which show that the country added 15GW of new solar capacity in the 12 months to the end of March 2024.

LONGi has launched its Hi-MO X6 series of solar modules, which include the X6 Guardian product, designed for use in hot and humid climates.

DMEGC Solar has received an award from TÜV Rheinland to conduct module testing operations at its own facilities.

Pahal Solar has broken ground on a new fully-automated facility, which will expand the company’s manufacturing capacity to 1.8GW.

JMK Research has found that India installed 6.5GW of new utility-scale capacity in 2023, alongside 3GW of new rooftop capacity.