Central & East Asia

Indian independent power producer Hero Future Energies has planned to invest INR30,000 crore (US$3.6 billion) in renewables in the Indian state of Andhra Pradesh.

Solar capacity grew significantly in India last year, and renewables dominated the country's power generation capacity additions in 2022, according to a study conducted by Ember.

Japanese annual PV market size for 2022 is estimated to be 6.5GWDC, which is about the same volume as 2021.

Solar inverter and solutions provider Solinteg is opening a new factory in the Chinese city of Wuxi that will add an initial 4GW of manufacturing capacity as the company aims to meet increasing demand for its products.

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

Renewable power producer BrightNight has formed a partnership with energy platform ACEN Corporation to ramp up the development of its 1.2GW renewables portfolio in India.

Indian integrated power company Tata Power’s subsidiary Tata Power Renewable Energy has signed a power purchase agreement (PPA) for a 510MW hybrid project.

Renewable energy company Vena Energy has reached financial close on a 176MW solar and wind project in India.

On 8 March, the Silicon Industry Branch updated the latest information on silicon material prices, which have fallen by as much as 4.8% year-on-year.

Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts.