Southeast Asia & Oceania

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.

Indian authorities have launched an anti-dumping investigation into imports of solar cells from China, Thailand and Vietnam following an application filed by the Indian Solar Manufacturers Association.

Renewable energy company and Solar Module Super League (SMSL) member Canadian Solar has invested in UK-based battery storage software company Habitat Energy.

Commercial operations have started at a 50MW solar power plant in the Philippines after construction was disrupted by the COVID-19 pandemic last year.

Solar developer Lightsource BP has been granted planning approval to develop a 400MWdc solar farm in New South Wales Australia.

The clean energy council has slammed the Australian government’s latest federal budget as “disappointing” for not placing more onus on expanding the country’s renewable energy capacity.