Asia

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.

Solar module prices appeared to be at a bottom, with solar cell prices increasingweekly and wafer prices being cut by suppliers. Prices in 2023-24 are expected to rise beyond 22c/watt, signaling a market recovery.

World's largest solar plant with 1 million kilowatt capacity connected to grid in Tianjin, China. Plant tilts solar panels at 17 degrees for improved efficiency while producing salt, solar energy and aquaculture - saving 500,000 tons of standard coal and reducing CO2 emissions by 1.25 million tons. Investment in China's new energy sector at $1.36 trillion with high growth expected.

McDonald's India (North & East) has commissioned Delhi's largest solar power plant in Najafgarh with a capacity of 3.2MW. It is expected to reduce CO2 emissions by 3,822 tonnes annually and promote biofuel & biodiesel for ecological sustainability.

First Solar Inc. secures USD 1 billion revolving credit facility from JP Morgan Chase Bank to finance expansion in India, Alabama, and Ohio. Facility enables company to open 3.4-GW DC production facility and R&D center, aiming to have over 20 GW DC of factories in 2026.

Sinopec is leading the way in renewable energy with a new hydrogen production facility in Kuqa, China, committed to reducing carbon emissions by 15% by 2030 and reducing 100,000 tons of emissions per year. Be part of the future with Sinopec!

CNOOC has connected to the grid its 40-MW onshore PV project located in the city of Hezuo, China. This unique project follows an "Animal Husbandry-solar Complementary Project" model, with a 6-MW/12-MWh energy storage system and racks to allow animal grazing. It is helping CNOOC achieve its green and low-carbon transition goals and supporting local development.

Arctech Solar Holding Co Ltd has signed an 11.457-MW order with Israeli telecommunications and energy firm Nextcom Ltd to deliver its SkyLine II solar tracking system to Israel. This marks Arctech's first entry to the Israeli market. Experience 607-MW IBRI II project in Oman & 2.1-GW Al Dhafra PV2 project in Abu Dhabi. Nextcom has a ILS-41-million contract for 3 solar-plus-storage projects across 2 sites in Israel.

Shenzhen S.C. is investing up to 961 million RMB (USD$134 million) in the manufacture of equipment for perovskite and perovskite tandem solar cells. This strategic investment is set to take advantage of the potential of the technology and enhance the company's position in the PV market. The project will focus on setting up production facilities in Jiangsu province, China, with an annual capacity of 160 PVD, 119 RPC, and 60 VEC equipment.

UAE announces ambitious $54 billion investment in renewable energy sources such as hydrogen to achieve net zero emissions by 2050, in addition to appointing a new investment minister and establishing a financial stability council.

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.