Asia

Iran is making significant strides in renewable energy with the allocation of land for solar farms and plans to launch specialized solar parks. The government's investment packages aim to reduce reliance on fossil fuels and promote green electricity supply contracts.

RenShine Solar completes 150MW perovskite PV module project, aiming for mass-scale production of high-efficiency panels by mid-2024. Expanding capacity with gigawatt-level production lines for versatile applications.

Emmvee, an Indian solar module maker, has won a contract to supply 300 MWp of its Bifacial MonoPERC Solar panels for a 240-MW solar plant in Gujarat. The project will power the state electricity regulation board and is set to be completed by May 2025. Emmvee is also expanding its manufacturing capacity with a new 1.5-GWp cell line.

Scientists at KAUST have published a roadmap for perovskite/silicon tandem solar cells, combining efficiency and stability for affordable clean energy. Paving the way for a $10 billion market.

First Solar's new module factory in Tamil Nadu, India, boosts the country's solar technology sector and creates high-value jobs, supporting India's self-sufficiency goals and the global shift to cleaner energy.

China Energy Engineering Corporation (CEEC) connects a 400-MW solar farm to the grid in Uzbekistan, boosting the country's efforts to increase its solar power capacity and reduce reliance on coal and natural gas.

Oman launches tender for 500-MW Ibri III Solar PV IPP, with a submission deadline of February 19. The project is estimated to cost OMR 155 million and is expected to be operational by Q4 2026.

Tata Power partners with Tamil Nadu government to invest $8.5 billion in clean energy projects, aiming to build 10GW of renewable energy and phase out fossil fuel capacity by 2045.

China's rooftop solar boom faces challenges as grid capacity runs out in multiple regions, highlighting the need for stronger grids and more energy storage. Stricter regulations and calls for policy changes are pushing for sustainable renewable energy adoption.

BYD's $1.4 billion investment in a new sodium-ion battery facility in China could revolutionize the EV industry, making Xuzhou a battery production hub and paving the way for wider adoption of this cutting-edge technology.

Arctech's solar trackers power Uzbekistan's largest solar installation, contributing to the country's goal of carbon neutrality by 2050. Chinese companies like CEEC are driving renewable energy development in Central Asia.

Golden Solar's groundbreaking vertical integration has resulted in the launch of its perovskite/hybrid BC tandem solar cells, offering a conversion efficiency of 33.94%. A revolutionary step forward in renewable energy, now available to the C-end market with flexible awning for RVs.

Arctech and Alpon Energy have formed a strategic alliance to expand solar energy solutions in Turkey and beyond. Leveraging both partners' expertise, the agreement promises tailored solutions for regional demands, driving mutual growth in the solar energy market.

Indian green energy leader Evergreen Renewables announces 400 MW hybrid renewables project in Gujarat with an investment of INR 40 billion. This project will help Gujarat to achieve its goal of 50% renewable energy by 2030.

In late 2023, EV battery prices dropped drastically, oversupply and weakened demand driving prices down 50%. From December to December, LFP battery cells suffered the biggest price reduction, 10.1%, and the electric vehicle market is projected to continue growing. Will things stabilize in 2024?