Central & East Asia

Renewable energy, such as wind and solar, is expected to dominate power generation out to 2050 thanks to the continuing cost competitiveness and the adoption of these sources into the power systems. However, significant acceleration in financing and building new capacity remains the challenge to continue the growth, according to the latest edition of bp’s Energy Outlook.

Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.

LONGi has drawn PV industry attention and speculation after revealing plans for a large-scale wafer and cell manufacturing expansion.

Filipino conglomerate Ayala corporation’s energy arm ACEN has started constructing a 300MW solar farm in the Philippines.

Indian solar module manufacturing capacity is forecast to reach around 95GW – up from 39GW at the end of September 2022 – according to research from analyst and consultancy Mercom India Research.

Chinese module manufacturer JA Solar has announced its plan to invest RMB40 billion (US$5.9 billion) to construct a vertically integrated PV industry hub in Inner Mongolia.

As reports come in predicting stunted growth for Indian solar in 2023, PV Tech Premium spoke to Vinay Rustagi, managing director of Bridge To India, about the obstacles facing the sector in the next year and the prospect of light at the end of the tunnel.

Solar deployment in China jumped to a new high in 2022, according to new figures from the country’s National Energy Administration.

Solar PV will be the most dominant non-hydropower renewable in added capacity, with 12GW, during the next ten years in South Korea.

Solar manufacturer LONGi Green Energy Technology (LONGi) has announced an RMB45.2 billion (US$6.7 billion) plan to build a production base in China capable of manufacturing 100GW of solar wafers and 50GW of solar cells each year.