Southeast Asia & Oceania

A roundup of three solar PV project financing stories from Australia, Texas and California, with updates from Potentia Energy, Origis Energy and Baywa r.e.  

Rooftop solar PV generated nearly twice the output of utility-scale solar throughout November 2025, maintaining a 1.9:1 ratio in Australia.

Australia generated 5,271GWh of utility-scale solar PV and wind power in November 2025, a 28% increase from the same period last year.

The Australian Renewable Energy Agency (ARENA) has announced up to AU$151 million (US$98 million) in conditional funding for Sunman Energy to establish a 500MW per annum solar module manufacturing facility in the Hunter Valley, New South Wales (NSW).

Victoria's first state-owned solar-plus-storage project has reached a major construction milestone, with the installation of all 212,296 PV modules at the SEC Renewable Energy Park in Horsham, Australia.

The World Bank will invest in a huge 4GW, 5.12GWh solar-plus-storage complex in Malaysia, which will form part of a pan-Southeast Asian power grid initiative.

Global investment firm Brookfield Asset Management has acquired Singapore-headquartered independent power producer (IPP) Alba Renewables.

The Philippines has awarded Acciona Energía a 20-year power supply contract for a 180MW solar PV project on the island of Cebu.

Renewable energy developer Genesis Energy has reached a final investment decision (FID) on a 136MW solar PV project in New Zealand.

Hydro Tasmania is seeking expressions of interest for wind and solar projects capable of delivering up to 1,500GWh of renewables annually.