Central & East Asia

The Indian governemnt has granted approvals for just under 5GW of solar PV projects to be deployed in the Bundelkhand region of Uttar Pradesh, in the north of the country

The projects consist of a 90MW floating solar project in Madhya Pradesh and a 100MW utility-scale solar PV project to be built in Gujarat

Comprising 14 production lines, the factory is expected to begin production on or before the end of October this year.

Solar developer Emeren, formerly known as ReneSola Power, has targeted to reach a 4GW pipeline of solar and storage projects by the end of 2023.

IRENA believed that yearly investments must more than quadruple to over US$5 trillion to stay on the 1.5°C pathway.

New PV instalments for the first two months of 2023 in China reached 20.37GW, up 87.6% from the same period last year when it reached 10.86GW between January and February 2022, according to China's National Energy Administration's latest data.

Clean energy researcher Bridge To India has released its “Solar Map 2022” report, displaying the state of the Indian solar market as of December last year. The infographic report shows that state-by-state solar deployments continued to be inconsistent and that domestic module and cell supply accounted for far less capacity than imports, though overall installments still remain impressive.

On March 22, the Silicon Industry branch updated the latest silicon price information, which maintained a descending trend.

The Commercial and Industrial (C&I) renewables market in India is expected to grow by 47GW over the next five years, as policy tailwinds and decarbonisation targets spur growth.

IRENA said a total of 192GW of solar capacity was installed in 2022, up 22% yoy.