Two of the world’s major coal-based economies were expected to receive billions of dollars of funding at COP27 from a G7 initiative to wean them off coal and deliver clean energy transitions, but while Indonesia has walked away with a US$20 billion deal, talks have stalled on the US$5 billion set aside for its Southeast Asian neighbour Vietnam, leaving the G7 nations that deliver the funding scratching their heads.
The solar PV industry is forecast to produce 310GW of modules in 2022, representing an incredible 45% year-on-year increase compared to 2021, according to the latest research undertaken by the PV Tech market research team and outlined in the new PV Manufacturing & Technology Quarterly report.
Seven key Asian countries collectively saved approximately US$34 billion in fossil fuel costs in the first half of 2022 through solar generation, according to research from Ember, the Centre for Research on Energy and Clean Air (CREA) and the Institute for Energy Economics and Financial Analysis (IEEFA).
Maxeon Solar Technologies has improved its results from the previous quarter, with Q3 2022 revenue up, driven by the European distributed generation (DG) business.
Corporate power purchase agreements (PPAs) have hit record levels in the Asia Pacific region as fuel prices rise and the cost of renewables falls, according to Wood Mackenzie principal analyst, Kyeongho Lee.
The ADB has signed a transaction advisory service mandate with utility Électricité du Cambodge to support the development of 2GW of solar power in Cambodia.
Saudi Arabian renewables developer ACWA Power will enter the Indonesian market with two floating solar PV projects after being chosen by PT Perusahaan Listrik Negara (PLN), Indonesia’s only state-owned electricity utility.
ib vogt has reached commercial operation (COD) of its 116MWp Coara Marang Solar Project in Malaysia, which has a 21-year power purchase agreement (PPA) in place with Tenaga Nasional Berhad, Malaysia’s largest electricity utility.
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).
