While the Asian solar industry has been hit by COVID-19 fueled disruption, the pandemic has also boosted interest from offtakers, industries and governments alike.
The proven ability to install large-scale floating PV plants on water bodies across Southeast Asia means financing should be readily available for new projects, it was suggested during a panel discussion today.
Construction risks may have escalated post-COVID and challenges around power purchase agreements (PPAs) remain, however banks in Asia remain committed to lending to solar projects.
Risen Energy will spend MYR42.2bn (US$10.2 billion) over 15 years on a new solar manufacturing plant in Malaysia, representing the Chinese company’s first investment in Southeast Asia.
Annual investment in solar and wind generation in the Asia Pacific region could double to US$1.3 trillion by 2030 compared to the previous decade, with policy targets and cost declines boosting growth, according to research firm Wood Mackenzie.
Asia boasts a growing number of markets with solar development pipelines in excess of 1GW, a new report by Fitch has found, with the region dominating the consultancy’s project database analysis this year.
Singapore’s recently unveiled Green Plan 2030 could kickstart the country’s emerging solar sector, according to a new report from analyst Fitch Solutions.
Andy Colthorpe takes a look at what’s happening and what’s expected to happen in the Japanese large-scale PV market, with data and analysis courtesy of RTS Corporation and interviews with Vena Energy Japan, Sonnedix Japan and Baywa Japan.
LONGi Solar will supply its high-efficiency modules to two projects in Malaysia totalling 190MW that were awarded in the third round of country’s large-scale solar tender programme.
