Southeast Asia

EnergyCo has revealed a string of announcements that aim to progress the development of the New England and the Central West Orana REZs.

Australian renewable energy and storage developer Genex Power has been acquired by Japanese power company J-Power in a deal worth AUS$351 million (US$229 million).

Enel Green Power Australia has signed a long-term agreement with ElecSome to recycle solar PV modules across its portfolio.

Pertamina NRE has signed a memorandum of understanding with state-owned energy company Coal Power Generation Company Bangladesh Limited to build the PV project.

Vietnam has planned to buy excess electricity generated by residential and commercial rooftop solar modules.

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

The Vietnamese government has announced to allow direct PPA between independent power producers and large electricity consumers.

Southeast Asian independent power producer (IPP) Levanta Renewables has acquired a 139.4MWp operational solar PV portfolio in Thailand.

French energy major TotalEnergies has installed more than 200MW of distributed solar assets in the Asia-Pacific (APAC) region.

The Asia-Pacific region stands to benefit from localised balance of system manufacturing in its solar industry, the IEEFA said.