Southeast Asia

EQT infrastructure has announced a takeover bid for Solarpack, which owns approximately 450MW of operational solar PV projects.

Module manufacturer Seraphim is aiming to build on a string of recent supply deals to further increase shipments to markets accross Southeast Asia, Australia and Europe.

Blueleaf Energy, a portfolio company of Macquarie’s Green Investment Group, has announced plans to co-develop 1.25GW of solar in the Philippines through a new collaboration with local PV player SunAsia.

A new strategic plan from Sembcorp Industries will see the Singapore-based energy company aim to increase its renewables capacity almost fourfold to 10GW by 2025.

Swiss infrastructure fund manager SUSI Partners has raised US$81 million to tap into the fast-growing renewables sector in Southeast Asia.

Solar developer Adani Green Energy has announced plans to buy SoftBank-backed renewable energy company SB Energy Holdings a in a deal with an enterprise value of US$3.5 billion.

Indian authorities have launched an anti-dumping investigation into imports of solar cells from China, Thailand and Vietnam following an application filed by the Indian Solar Manufacturers Association.

Commercial operations have started at a 50MW solar power plant in the Philippines after construction was disrupted by the COVID-19 pandemic last year.

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member, LONGi Green Energy and subsidiary, LONGi Solar respectively, have continued an unprecedented sales run, notching up first 2021 revenue (operating income) of RMB 15.85 billion (US$2.44 billion), its second highest quarterly figures.

India presents an “enormous potential” for the development of solar and wind hybrid power systems, with more than 12.3GW of collocated tenders issued in the country to date.