Southeast Asia & Oceania

New Zealand gentailer Contact Energy has announced a NZ$525 million (US$316 million) equity raise to accelerate its Contact31+ strategy, which aims to position the company as a leader in New Zealand’s renewable energy future.

Axis Energy has signed a memorandum of understanding (MoU) with the Government of Odisha to develop up to 5GW of renewable energy capacity in the state. 

As Australia’s renewable sector matures, the coupling of solar and storage is emerging as the dominant paradigm for large-scale projects.

The Philippines will launch a number of renewable energy auctions between 2027 and 2035 for at least 25GW of capacity each year.

Inox Clean Energy has partnered with integrated renewable energy platform RJ Corp to expand into Africa’s renewable energy markets.

PV Talk: Charith Konda, energy specialist at IEEFA, says India’s 2026-27 budget aims to “establish a stronger supply chain within the solar and PV cell and module sector,” but warns that “execution is as important as the policy itself.”

Developer EDRA Global Energy, a subsidiary of CGN, has started construction on a 300MW floating PV (FPV) project in Malaysia.

India’s MNREA has released the fourth revision of its ALMM II for solar cells, increasing the total enlisted manufacturing capacity to 26GW. 

Energy platform Revera Energy has completed an expanded US$150 million credit facility for its UK and Australian portfolio.

Rewa Ultra Mega Solar Limited (RUMSL) has extended a Letter of Award (LOA) to Ceigall India and ACME Solar to develop 220MW solar-plus-storage in Morena, Madhya Pradesh.