Sun Cable has closed a AU$210 million (US$152 million) Series B raise with their existing shareholders to fund the development of its Australia-Asia PowerLink (AAPowerLink) subsea cable project.
India’s expanded Production Linked Incentive (PLI) scheme has changed its rules and future rounds will now be open to previous winners, although total capacities will be capped at 10GW. The local content requirement for manufacturer of 90% remains.
Vietnam’s near-term renewables outlook will be weighed down by regulatory and operational uncertainties stemming from a lack of clear policy and an “underdeveloped grid capacity”, according to Fitch Solutions’ latest report on the market.
India added more than 10GW of solar PV in 2021 as the country hit a cumulative installed solar capacity of 49GW by the end of the year, according to research firm Mercom India Research's latest update on India’s solar sector.
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.
