Southeast Asia

The Philippines has awarded 10.19GW of new energy capacity in its fourth auction round, with solar accounting for more than 6GW of capacity.

GCL Intelligent Energy, a subsidiary of Chinese polysilicon producer GCL Technology, has signed shareholder agreements for two clean energy projects in Indonesia with a combined capacity of 200MW.

Leading Chinese solar manufacturer Trinasolar has signed a module supply agreement with Malaysian renewable energy developer Mestron Energy.

Levanta Renewables will develop a 166MWp ground-mounted solar and storage project in the Visayas Islands as part of the Philippines’ Fourth Green Energy Auction. 

Korean chemical production firm OCI Holdings has acquired a 65% stake in a Vietnamese solar wafer production plant, intending to export solar wafers to the US.

Adding 32GW of new solar to Thailand’s power generation deployment targets could cut power generation costs by as much as US$1.8 billion.

Global investment firm Brookfield has entered into a joint investment framework agreement with Malaysian developer Solarvest to build a 1.5GW utility-scale solar and BESS portfolio in Malaysia.

The Philippines has commissioned the Batangas 1 project, the country's first to combine agriPV with a battery energy storage system (BESS).

Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.

Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand.