Central & East Asia

Indian independent power producer (IPP) ReNew Power and Malaysian Gentari’s Indian subsidiary, Gentari Renewables India, have established a joint venture (JV) to target 5GW of new renewable energy capacity.

Japan will need to have 689GW of total installed capacity for solar and wind power generation by 2050 to reach the goal of net zero, according to a study conducted by BloombergNEF (BNEF).

India installed 6,794MW of solar PV in H1 (January – June) 2023, a 19% decrease year-on-year from 2022 according to energy analyst JMK Research.

Indian state-owned utility SJVN will develop 1.2GW of solar PV projects to supply power to the Punjab State Power Corporation Limited.

ReNew will receive US$7.8 billion in funding from two Indian government departments to develop clean power projects in the country.

Trina Solar will continue the shift from producing p-type to n-type products, while it aims to base its manufacturing and operations purely on renewable energy by 2030. 

State-owned Solar Energy Corporation of India has launched a tender for 1GW of domestic solar modules from manufacturers in India.

Chinese module manufacturer GCL System Integration (GCL SI) has estimated its preliminary net profit for the first half of 2023 to be around RMB100-120 million (US$14-16.7 million), up 160.6-219.9% from the same period last year.

The Bhutanese government has started construction on the country’s first utility-scale solar farm, the 17.38MW Sephu solar project.

The non-hydropower renewables sector in APAC is expected to grow by 10.4% annually to 3,010GW in 2032, according to research firm BMI Research’s recent study Asia Power Regional Overview: Growing Policy Momentum Boosts Solar And Wind Expansions.