Asia

ACWA Power has reached financial close on two solar projects in Saudi Arabia with a combined capacity of 2.6GW. Investment totals US$2.37bn and commercial operations will begin in 2025, providing clean renewable energy as part of Saudi's National Renewable Energy Program.

Sekisui Chemical is investing $68 million to mass produce perovskite solar cells (PSCs) with 10-year durability and 15% efficiency. Japanese gov't is supporting this cutting edge tech to install in public facilities.

US Commerce Department's 17-month probe is set to rule on trade practices related to Chinese-made solar equipment. Sanctions could include antidumping and countervailing duties up to 254% next June, impacting US clean energy growth and job opportunities. Ruling may also affect domestic manufacturers and treatment of silicon wafers used for solar cells and modules.

Researchers at Chonnam University in South Korea have developed a new type of solar cell with 21.59% power conversion efficiency. Anti-solvent free hot-air method was used to fabricate the prototype, leading to 18.43% efficiency when scaled up. This could pave the way for widespread use of perovskite solar cell modules.

Sungrow, a global leader in inverters and Energy Storage Systems (ESS), recently signed a milestone deal with EDF Renewables Israel to deliver 127MWh of cutting-edge liquid-cooling storage systems, PowerTitan. With a 40% market share in Israel, Sungrow is looking to record strong profits and revenues this year. The PowerTitan system is designed to maximize efficiency and reduce expenses. EDF Renewables Israel currently operates 33 projects in the country, with an installed capacity of 572 megawatts.

Harness the power of the sun with innovative perovskite solar cells that offer clean, renewable energy for indoor applications.

Antaisolar secures a 470MWp solar tracking systems deal in Uzbekistan, delivering its TAI-Simple single-axis 1P tracking system with 18.5%-24% power output increase. This is the largest solar tracker award in Central Asia, with 25.4GW of cumulative solar racking shipments. Uzbekistan is aiming to reach 25% renewables by 2026.

Servotech Power Systems announces $36.2m investment to set up EV charger factory in Uttar Pradesh, India, generating up to 500 jobs and 10,000 EV DC Fast chargers per year.

SGEL has won the 90 MW floating solar project in Madhya Pradesh with an INR 3.79 ($0.046)/kWh tariff. The project is expected to generate 4,781 MUs over 25 years and will be commissioned within 21 months of signing the PPA. SJVN is the second firm to win the project.

Vena Energy and Rept Battero partner to provide Indonesia with sustainable, efficient and stable clean energy, creating jobs, reducing carbon emissions, and expanding the renewable energy sector. 8GWh hybrid megaproject in the Riau Islands part of larger green energy transformation journey.

NTPC Renewable Energy Limited wins 80 MW floating solar project in Madhya Pradesh with low cost of INR 3.80 kWh. MP government to bear cost of battery energy storage system of INR 30 million for sustainable, clean and affordable energy supply.

ACEN has increased funding for the 133.5-MWp Cagayan North Solar Power project in the Philippines, part of a larger scheme planned to be operational in 2024. The new loan agreement will help build up the country's solar energy capacity and provide clean and renewable energy for the Philippines.

QIA acquires 2.5% stake in Adani Green Energy Ltd. for INR 39 billion, through its subsidiary INQ Holding LLC. Adani Green has 8.1 GW of capacity in its operational fleet with a goal to reach 45 GW by 2022.

Pattern Energy Group LP announces sale of its Japanese renewable energy assets and majority stake in Tokyo-based GPI to Japanese utility Jera Co Inc and NTT Anode Energy Corp. Portfolio includes 4 GW of wind projects and 6 GW of assets across North America. CEO Hunter Armistead focuses on growing pipeline in US.

GCL System Integration Technology Co Ltd has launched its 10-GW N-type solar cells factory in Wuhu City, China. USD 1.12 billion project with cell production capacity of over 22% efficiency, to be completed soon, complies with GCL Group's full PV industrial chain.