Asia

Experience increased production capacity with the opening of a new high-tech facility in 2021. The new plant will offer 10 GW cell production, 15 GW module production and 8 GW monocrystalline bar production.

General Motors acquires Algolion, an Israel-based software startup developing software that can detect potential hazards in battery cells. Algolion's software uses data-streams to identify abnormalities in cell performance, and GM has created a new organization to lead the acquisition and scout out emerging battery technology.

Avaada Energy has closed a USD 1.3bn funding round, the largest equity raise for a green energy firm in Asia. Canada's Brookfield Asset Management and Thai power company Global Power Synergy have invested significantly, to be used for green hydrogen, green methanol, green ammonia projects and more. Recent tenders won by the firm amount to 1.8 GW. Sustainable future ahead with Avaada.

Assystem has been appointed by NEOM to conduct pre-development studies for seven potential solar photovoltaic parks in Saudi Arabia, potentially producing 20GW of energy across 420 square kilometers. Assystem will provide site assessment, environmental impact, permitting reports and more for this renewable energy project.

China has started the world's largest hydro-solar power project in Sichuan province: the 10,000 MW Kela Photovoltaic Power Station, aiming to provide clean energy to the Sichuan-Chongqing region. China is pushing ahead with its clean energy plans, developing 100 GW of wind and solar energy in Western China and manufacturing equipment locally.

Revolutionizing solar power: Chinese startup to begin production of ultra-efficient solar panels made from perovskite – 50% greater efficiency at half the cost – capable of retaining over 90% after 600 hours of operation. Ideal for building-integrated and space-based applications.

Discover how Singapore is overcoming its volatile electricity prices and lack of space for traditional renewables by embracing solar energy. Learn how residential rooftop solar installers are responding to rising energy bills and climate impact, and how solar now contributes to Singapore's energy mix.

SolarDuck, TNB Renewables and TNB Research are partnering to construct a 780-kW OFS research facility off the coast of Tioman Island in Malaysia. Their goal is to evaluate the feasibility of net zero emissions while providing a reliable and cost competitive energy supply. Hydro's aluminium profiles will be used for the project, with completion targeted for 2025.

Nexif Ratch JV achieves fin close on 74-MWp Philippine solar project: Joint venture of Nexif Energy and Ratch Group secures debt financing for construction of Calabanga solar plant, to be completed by Q2 2024. 70% of project cost to be funded through limited recourse.

China is constructing the world's largest photovoltaic facility, estimated to cost 45.2 billion yuan ($6.32 billion). The projected facility will be located in Shaanxi Province, and will feature an annual production of 100 GW monocrystalline silicon wafers and 50 GW monocrystalline cells.

ACWA Power and China Energy International Group sign EPC contract for Uzbekistan's solar PV project, promising to bring clean energy to the region and support Uzbekistan's commitment to a low-carbon economy.

Coro Energy has signed a USD-1.3-million agreement to acquire a 2.39 MW rooftop solar portfolio in Vietnam, with an 18-year power purchase agreement and a payment plan including cash, new shares, and existing specialist debt. Completion expected in Q4 2023.

Vena Energy has obtained JPY-16.9-billion financing for its 53-MW Kasama solar project in Ibaraki, Japan. The project will provide clean energy to over 14,000 households annually, as part of the company's 2.7 GW operational portfolio.

Researchers have developed an all-perovskite tandem solar cell with a power conversion efficiency of 28.5%, open-circuit voltage of 2.112 V, and stabilized efficiency of 28.0%. Teams from Nanjing University, University of Science and Technology of China and Chinese Academy of Sciences (CAS) were involved.

Sungrow Power Supply Co Ltd (SHE:300274) has authorized offers to supply utility-scale micro-grid battery energy storage systems (BESS) with a total capacity of 14 MW/24.9 MWh in Lebanon.