Australian mining magnate Andrew Forrest’s Squadron Energy will invest AU$3 billion (US$2.16 billion) in wind, solar and battery storage project in Central Queensland, Australia.
Indian independent power producer (IPP) ReNew Power posted a 25.6% jump in revenue for the first nine months of the fiscal year 2022 (FY22) compared with the same period in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.
EDP Renewables (EDPR) plans to invest S$10 billion (US$7.39 billion) in renewables in the Asia Pacific (APAC) region by 2030 after closing its S$1.1 billion (US$813 million) acquisition of Singaporean developer Sunseap.
Leading solar manufacturer LONGi is to add another 4GW of cell manufacturing capacity later this year, diverting funds previously earmarked for a separate cell production plant.
French independent power producer Neoen’s 2021 revenue jumped 12% year-on-year thanks to the contribution of new solar projects in France and Argentina.
India’s Production Linked Incentive (PLI) scheme is expected to add up to 40GW of additional cell and module manufacturing capacity in the country as it operates in tandem with the country’s upcoming Basic Customs Duty (BCD), according to Indian rating agency ICRA, a Moody's Investors Service company.
The Australian state of New South Wales (NSW) has received applications for nearly 40GW of renewable generation and storage projects for its planned Hunter-Central Coast Renewable Energy Zone (REZ) amid huge interest in clean energy resources in the state.
Australia and India have agreed to collaborate on solar manufacturing and deployment, aiming to reduce the cost of solar PV, battery energy storage systems (BESS) and new clean technologies in both countries.
