There’s talking the talk, there’s walking the walk, and then there’s walking the walk on water. Earlier this year at US President Joe Biden’s Virtual Leaders Summit on Climate, Singaporean Prime Minister Lee Hsien Loong said the city-state would need to “innovate and use technology extensively” to overcome its resource scarcity. With one of the world’s largest floating PV arrays now in operation, it seems as if Singapore is floating in the right direction.
With this solar win, Sembcorp Industries’ renewables portfolio has swelled to over 3 GW in operation and under development across Singapore, China, and India.
The pan-Asian renewable energy development platform, owned by Australian investment bank Macquarie’s Green Investment Group (GIG), has acquired a majority stake in Hyderabad-based commercial solar developer Vibrant Energy.
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
Mitesh Patel, Renewables Director-Asia, US-headquartered EPC player Black & Veatch, speaks to pv magazine about the key trends driving the solar market, especially in Southeast Asia, and strategies to improve the bankability of PV projects.
The commercial and industrial solar developer, which commands a significant share in the Indian market, will use the amount to fund rooftop PV installations for corporates across Southeast Asia.
Led by Indian developer Renew Power’s former CEO Parag Sharma, the joint venture by these global investors aims to install over 4 GW of utility-scale capacity across solar and wind projects.
Following a dip in the last fiscal year, the value of cell exports saw a massive surge to an estimated Rs133,000 lakh from April to November. Exports to the U.S. tripled during the eight-month period as shipments to Turkey and Belgium rebounded to become the next two biggest export markets.
Following equity injection of about Rs 5169 million, Singapore-based integrated energy player has signed an agreement to invest another Rs 4060 million in Sembcorp Energy India Ltd to gain complete control over it and pursue growth in the India renewable energy business.
The benefits of heterojunction technology are well known. But as the first modules come onto the market from REC Group’s new HJT lines, the competitive landscape is crowded, but not without opportunity.
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