Leading South East Asian renewable energy firm Sunseap has received US$10.7 million (SGD$15 million) from the United Overseas Bank (UOB) for commercial solar projects in Singapore.
The Ministry of Industry and Trade of Vietnam (MOIT) has released a draft circular containing guidelines on how to develop solar PV in the country, but has failed to address a range of issues that could impact large-scale project bankability, according to analysis from multinational law firm Baker McKenzie.
The International Finance Corporation (IFC) was said to have announced that it will invest up to US$60 million in Malaysian PV company Jinko Malaysia, according to Deal Street Asia.
The Department of Energy (DoE) of the Philippines has progressed solar projects with a combined total of 162MW of capacity, along with a 30MW battery energy storage project to grid impact testing (GIS) stages, according to consulting firm Enerdata.
Vietnam has confirmed a long-awaited feed-in tariff (FiT) scheme for utility-scale solar projects along with a net metering scheme for rooftop PV systems.
The Solar Energy Research Institute of Singapore (SERIS) at the National University of Singapore (NUS) has developed the world’s first full-sized Interdigitated Back Contact (IBC) bifacial solar module using International Solar Energy Research Center (ISC) Konstanz, ‘ZEBRA’ solar cells.
After several months of lacklustre sales from many key PV manufacturers in Taiwan, indicating an expected boom in China’s downstream PV market had yet to gain momentum, March sales data indicates improving market demand, yet not at the levels seen in the prior year quarter.