Central & East Asia

As solar PV continues its accelerated growth, 2023 is expected to be no exception with 270GW of capacity to be added, according to Wood Mackenzie.

Prices of all upstream PV products such as silicon wafers and silicon ingots increased recently, but downstream module prices continued to decline and reached new lows.

The continued decrease in polysilicon prices has halved Daqo New Energy's revenues during the second quarter of 2023.

Indian renewables developer Tata Power Renewable Energy (TPREL) has signed two power purchase agreements (PPA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for 350MW worth of solar PV power generation.

Chinese module manufacturer GCL System Integration (GCL SI) has commissioned the first phase of its 20GW tunnel oxide passivated contact (TOPCon) cell plant in Wuhu, China.

Indian conglomerate Adani has raised US$394 million for solar manufacturing through its renewable energy subsidiary Adani New Industries.

China's installed capacity of solar power has reached over 470GW in the first half of 2023, according to statistics from the country's national energy administration.

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.