Southeast Asia & Oceania

EQT infrastructure has announced a takeover bid for Solarpack, which owns approximately 450MW of operational solar PV projects.

Azure Power Global saw its cost of deploying solar fall by nearly 19% last year, but the company still recorded a net loss of US$38.1 million in the quarter ending 31 March 2021 despite a year-on-year increase in revenue.

Queensland will invest AU$2 billion (US$1.55 billion) on renewables and hydrogen jobs to support the Australian state’s economic recovery from COVID-19 and help it deliver on its 50% clean energy target by 2030.

Maxeon Solar Technologies has added business incubator group leader Steve Leonard to its board of directors in a boardroom reshuffle.

Solar PV and wind will continue to be the cheapest sources of new electricity generation capacity in Australia, even when integration costs are included, according to new research from the country’s science agency, CSIRO, and the Australian Energy Market Operator.

Module manufacturer Seraphim is aiming to build on a string of recent supply deals to further increase shipments to markets accross Southeast Asia, Australia and Europe.

India’s rising renewable power capacity could render the country’s 33GW of coal-fired power plants under construction unviable.

New Energy Solar has secured a deal to sell two PV projects in New South Wales for AU$288 million (US$223 million), marking the solar investor’s exit from Australia.

Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group, has announced plans to co-develop 1.25GW of solar in the Philippines through a new collaboration with local PV player SunAsia.