Southeast Asia & Oceania

The New South Wales government has launched a registration of interest process for Australia’s largest renewable energy zone (REZ), which is expected to deliver as much as 8GW of capacity.

Lightsource BP has secured AU$330 million (US$255 million) to fund the development of two utility-scale solar projects in Australia.

Australian ‘plug and play’ solar manufacturer 5B has secured AU$12 million (US$9.27 million) to expand into new renewables markets.

Financial commitments for utility-scale renewables projects in Australia have slowed to the lowest level in the past five years, according to the Clean Energy Council (CEC), which revealed investment in large-scale batteries in the country is booming.

A new strategic plan from Sembcorp Industries will see the Singapore-based energy company aim to increase its renewables capacity almost fourfold to 10GW by 2025.

Swiss infrastructure fund manager SUSI Partners has raised US$81 million to tap into the fast-growing renewables sector in Southeast Asia.

Singaporean utility company SP Group has signed a memorandum of understanding with BCG Energy, a holding subsidiary of Vietnamese investor Bamboo Capital, to support the development of new renewable energy projects in the country.

Singapore’s recently unveiled Green Plan 2030 could kickstart the country’s emerging solar sector, according to a new report from analyst Fitch Solutions.

Australia’s electricity grid faces congestion and power security issues over the next few years as more solar energy capacity is installed at faster rates than previously expected.

Solar developer Adani Green Energy has announced plans to buy SoftBank-backed renewable energy company SB Energy Holdings a in a deal with an enterprise value of US$3.5 billion.