Southeast Asia & Oceania

Increased solar PV and wind generation contributed to lower wholesale electricity prices in Australia in Q2 2023, according to the Australian Energy Market Operator (AEMO).

Uncertainty surrounding ownership models of large-scale solar projects raises a question: are such facilities simply too big to succeed?

The Australian government has announced AU$50 million (US$33.7 million) in investment to develop renewable energy supply chains – notably for solar and energy storage – in the Indo-Pacific.

The Philippines Department of Energy (DOE) has awarded 1.96GW of solar PV projects in its most recent Green Energy Auction Round (GEA2).

Agreements have been reached to develop a green hydrogen production facility in Western Australia, powered by a 900MW solar PV plant.

Utility Enel has signed an agreement with Japanese energy company Inpex Corporation to sell half of its Australian operation for US$446.9 million.

The non-hydropower renewables sector in APAC is expected to grow by 10.4% annually to 3,010GW in 2032, according to research firm BMI Research’s recent study Asia Power Regional Overview: Growing Policy Momentum Boosts Solar And Wind Expansions.

The Queensland government has announced to build 12 renewable energy zones (REZ) across the state as part of its effort to deploy 22GW of new wind and solar energy generation by 2035.

Solana Solar has signed a power purchase agreement with Kratos RES to supply 10-20MW of electricity from its Solana Solar Power Project.

Solar Module Super League (SMSL) member Risen Energy will supply around 1GW of its heterojunction technology (HJT) solar modules to Singaporean IPP (independent power producer) Athein Holding Pte.