Asia

SolarEdge Technologies and Ajlan & Bros join forces to develop renewable energy in Riyadh for Saudi Arabia's Vision 2030 plan, a US-backed effort to diversify the economy from oil and attract investments. This groundbreaking collaboration may be the start of improved relations between Israel and Saudi Arabia.

Masdar and Citaglobal Bhd collaborate to potentially develop 2 GW of clean energy in the Malaysian state of Pahang. This agreement is part of a larger move by the UAE government to reach net-zero emissions by 2050 and bring new energy solutions to the region.

Trina Solar has supplied 463.18 MW of Vertex 580 W modules with 210R technology to two hybrid hydro-solar power plants in Sichuan province, China. On July 7, Trina Solar led the standardization of module dimensions, providing comprehensive solutions to support the PV industry's growth and advance towards a net-zero future.

China has unveiled the world's largest Salt-Light Solar Power Station in Tianjin with enough capacity to power 1.5 million homes and 13sq km of double-sided solar panels that cool the salt water for ideal shrimp farming conditions. Similar projects in other countries are revolutionizing the agro-fishing industry with solar power.

ReNew Power Pvt Ltd and Gentari Sdn Bhd join forces to invest in renewable energy projects in India, with a total capacity of 5 GW and plans to develop 30 GW by 2030. ReNew also aims for net-zero status by 2040.

A French-Egyptian consortium is exploring the potential of building two solar energy plants to serve Egypt's metal and aluminum industry. Orascom Construction PLC and Engie met with Egypt's public business sector minister to discuss the renewable energy projects, which could further the country's renewable energy goals.

Malaysia's groundbreaking renewable energy plan is expected to bring increased investment and regional energy security, with 6 billion ringgit invested in Southeast Asia's largest solar hybrid facility. Tenaga, Malakoff, Sime Darby Property and Petronas are working together to achieve the 70% capacity target by 2050.

BloombergNEF report suggests Japan can reduce emissions and import costs by transitioning to mature clean energy technologies. Investing in wind, solar and electric vehicles, as well as in $489.3B grid infrastructure, could help Japan reach net-zero emissions by 2050 and improve energy security.

Discover the groundbreaking research from Bar-Ilan University to reduce carbon emissions with new, AI-powered solar panels. Their panels are highly efficient and cost-effective, recently presented to VP Kamala Harris by President Herzog.

Israel's fourth solar energy farm in Ashalim in the Negev Desert has begun operating at a record low price, part of government-backed renewable energy projects to generate 30% of electricity from renewable sources by 2030. EDF Renewables secures NIS 1 billion for seven other solar projects in Israel.

Financing for Al-Shuaibah 1 & 2 solar projects secured by ACWA Power at SR8.3 billion. Investment to power 350,000 homes in Saudi Arabia to support Vision 2030 energy goals. Consortium of local, regional, international banks to provide SR6.1 billion in senior debt & SR4.4 billion US-dollar commercial facility. Project to begin commercial operations by Q4 2025.

Cleantech Solar has recently commissioned a 3.4 MWp rooftop solar PV system for the manufacturing unit of Konica Minolta Business Technologies (Malaysia) Sdn. Bhd. in Malacca, Malaysia. The project is set to generate 66 GWh of clean energy and reduce emissions by 52 kilotonnes, helping Konica Minolta reach their 2050 renewable energy goals.

Orix Bank is providing $2.89 billion in funding for renewable energy and logistics projects this fiscal year, with a goal of 1% return on assets through debt securitization. Leveraging the ESG investment trend, the bank seeks to capitalize on the rising renewables sector.

Three Gorges Renewables is building the world's first full-scale commercially tested dual-tower CSP project in Guazhou, Gansu Province. With an investment of 4.93 billion yuan, a 100MW molten salt technology will generate solar, photovoltaic and wind power. Construction to be completed in 2023.

Waaree Renewable Technologies Ltd has switched on a 87.5-MW/122.5-MWp solar power plant in Madhya Pradesh, producing 349 million kWh annually. This 651 acre facility is part of a larger 150-MW/210-MWp project, with a 25-year contract. O&M for 2 years included.