Southeast Asia

BCPG, the renewable energy power producer of Thai oil refiner Bangchak Petroleum, could potentially raise up to 5.9 billion baht (US$170 million) from an initial public offering (IPO) this month, according to the company.

Chinese monocrystalline solar module manufacturer LERRI Solar has announced a new ambition to expand into the overseas market.

This week's Movers & Shakers features expansion into new markets, renewable asset management and new executive appointments.

Electronic gases specialist, Linde has established a new R&D facility in Taiwan to better serve the growth in solar cell manufacturing capacity expansions in South East Asia.

Singapore-based renewables firm Sunseap Group has won a 10MW solar PV project in Cambodia, the Southeast Asian country’s first ever utility-scale solar plant.

Indonesia’s first ever feed-in tariff (FiT) for solar PV projects should generate attractive project returns in Java-Bali and Sumatra, according to a Bloomberg New Energy Finance (BNEF) research note.

Leading PV manufacturing equipment supplier Meyer Burger Technology has reported strengthening sales, orders and backlog in the first half of 2016, driven by planned capacity expansions from major PV manufacturers across wafer, cell and modules, primarily in Asia.

Integrated PV manufacturer SolarWorld has started using two module assembly subcontractors to boost capacity to meet demand in the US and Europe, according to the company’s first half 2016 financial report.

Taiwan-based solar cell and wafer producers are being impacted by slowing demand from China and unfolding overcapacity that has resulted in ASP declines hitting monthly revenue figures since June.

Specialist PV manufacturing equipment supplier Amtech Systems backed-up previous quarters order bookings with solar equipment sales in its third fiscal quarter of 2016, reaching US$19 million.