Southeast Asia & Oceania

Australia’s recently elected Labor government has revealed the country’s federal budget for the next four years, which includes roughly AU$25 billion (US$16.02 billion) in clean energy investments.

Vena Energy Australia has closed funding for stage one of the 125MW Wandoan South PV project, which is co-located with energy storage.

Japanese renewable energy company Shizen Energy has received a ¥20 billion (US$133 million) investment from investment group CDPQ.

Australia’s government is supporting the development of two major transmission projects to facilitate the connection of additional renewable energy capacity.

Investment group Foresight has entered into a joint venture with oil major Shell’s subsidiary, Shell Energy Operations, to acquire development rights for a 370MW of renewables project in Western Australia.

Global polysilicon capacities are on track to reach 295GW by the end of 2022 as six new facilities ramp up production this quarter, according to new research from Clean Energy Associates (CEA).

REC Group has landed an equipment supply agreement for its HJT PV modules with solar cell and module equipment maker Maxwell Technologies.

Australian start-up SunDrive has secured A$21 million (US$13.2 million) in a Series A fund that will help commercialise its solar technology.

Solar project developer and asset owner Photon Energy Group saw its revenue soar last quarter thanks to elevated power prices in Europe.

Renewable Energy Target auction held in Victoria, Australia, won by six solar PV projects, four of which include battery storage.