A consortium led by private equity giant BlackRock Real Assets has acquired a 10.53% stake in Tata Power Renewables through a INR4,000 crore (US$525 million) investment.
Solar developers Quantum Power Asia and ib vogt are planning to construct a 3.5GW PV plant and 12GWh energy storage facility in Indonesia that will export electricity to Singapore via a subsea cable.
Major capacity additions in Asia’s non-hydropower renewables sector will facilitate the region's ability to supply electricity amid rising power consumption needs, which look set to outpace all other regions as economies continue to expand after the easing of COVID-19 restrictions, according to a Fitch Solutions’ report.
India is set to fall well short of its 2022 solar target of 100GW of installed solar capacity due to the slow uptake of rooftop solar, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research.
The Philippines looks set to significantly ramp up its solar deployment, according to Fitch Solutions, which has revised up its forecasts for the country’s non-hydro renewables sector in line with a rapidly-expanding project pipeline and growing regulatory support.
Solar, wind and energy storage will do much of the heavy lifting in decarbonising the energy sector, with fossil fuel assets left stranded, however time is running out to realise that shift and limit global warming.
Tata Power Solar has commissioned a 160MW solar project in the north-western Indian state of Rajasthan as it continues its PV roll-out across the country.
Tata Power subsidiary Tata Power Renewables Energy (TPREL) has commissioned a 300MW solar project in Gujarat, India which it claimed was India’s largest single-axis solar tracker system.
Solar developer ib vogt is partnering with the energy platform of Philippine conglomerate Ayala to develop large-scale PV projects in the Asia-Pacific region.
JinkoSolar has confirmed an acceleration to its manufacturing capacity expansion plan on the back of higher than expected demand, despite supply chain constraints continuing to apply pressure on margins.
