Southeast Asia

Indian energy giant Tata Power has signed a Memorandum of Understanding (MoU) with the Indian state government of Tamil Nadu to invest roughly INR3,000 crores (US$380 million) in setting up a 4GW cell and 4GW module factory in the state.

The World Bank has approved US$165 million in additional financing to support 450MW of rooftop solar deployment in India and make distributed generation systems in the country more affordable.

Tongwei has become the latest upstream solar manufacturer to increase prices as the cost of raw materials continues to spiral.

The solar industry supply chain’s jitters continued this week after polysilicon prices hit another high, driving silicon wafer prices further upward too.

Nearly 1.5GW of solar PV in the Philippines has been contracted through the country’s new renewables auction round.

A project in Australia that could feature up to 17–20GWp of solar and 36–42GWh of energy storage has been categorised as investment ready by a government agency.

Large developers of hybrid projects in India could see a 17% equity IRR by implementing five measures, according to a report by the IEEFA.

Project developer Solar Philippines has submitted offers to contract output from 10GW of PV plants currently under development.

Chinese module manufacturer JinkoSolar has powered its first overseas factory with renewables only in Malaysia.

ReNew Energy Global witnessed a 27% jump in revenue in its last financial year but saw its net loss almost double on the back of costs associated with its NASDAQ listing.