Central & East Asia

An increase in strategic, self-generating renewable energy ‘prosumers’ in the energy market has the potential to lead to ‘death spirals’ for utilities, according to research from the Tokyo University of Science.

Indian module manufacturer Navitas Green Solutions (Navitas Solar) has raised US$5 million aimed to expand its current solar manufacturing capacity.

Chinese PV manufacturer Risen Energy saw significant profit and revenue growth in 2022 as the company looked to expand its module production capacity and develop new technologies.

Jinko Solar has posted an improved financial result for the first quarter of 2023, as its net income attributable to ordinary shareholders increased by 18.6% quarter-on-quarter.

Thin-film module manufacturer First Solar has reached a module backlog of 71.6GW and sold all its allocated US capacity through 2026.

The Silicon Industry Association has reported that silicon wafer prices have continued to fall due to an oversupply of silicon.

Lower average selling price (ASP) and polysilicon volume sales have dented the revenue of Daqo New Energy in the opening quarter of 2023.

India-based renewables developer Avaada Group has raised US$1 billion from asset owner Brookfield Renewable to fund the growth of its renewable energy platform in India.

TCL Zhonghuan has made a series of announcements recently, including investing in a 25GW N-type TOPCon project, initiating a share buyback and releasing its operating data in the first quarter of the year, which reflected its new direction in the industry and confidence in high quality development.

Indian renewable energy independent power producer (IPP) ReNew Power has issued green bonds to raise US$400 million for its subsidiary Diamond II.