Malaysia

Pestech, a Malaysia-based electrical power technology company, has entered into a partnership with Chinese inverter maker Sungrow to jointly develop new floating solar solutions.

The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.

The IPP released its latest financial figures and leadership says that with growth across all business units, Q2 2019 is its best quarter ever.

Scatec Solar moved into the Malaysian Solar market in late-2016. The company sealed financing for 197 MW of capacity with the help of the country’s green bonds, the year after. Malaysia is continuing on its solar trajectory and will hold the third iteration of its tenders for the allocation of an addition 500 MW in generation capacity.

Using an application based on resource data and country-specific techno-economic inputs, a report has analyzed the costs of developing utility scale renewables in Southeast Asia and found abundant, cost-competitive potential.

As the solar industry digests yesterday’s announcement by Theresa May of a net zero carbon ambition by 2050, developer Solarcentury says Downing Street is hugely underestimating the role PV can play in achieving that milestone.

New modules incorporating American company 1366 Technologies’ 3D direct wafers were unveiled yesterday at the SNEC trade show in Shanghai. The prototype modules are produced by Korean manufacturer Hanwha Q Cells. The two companies have a strategic partnership going back several years, and are ramping up a wafer factory near Q Cells’ module facilities in Malaysia.

A group led by the Singapore-based lender has revealed plans to finance a 30 MW solar project in northwestern Peninsular Malaysia. The companies did not disclose additional details about the financing package.

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.

Norwegian-headquartered developer Scatec Solar has announced the start of commercial operations for the Jasin Solar Plant, the second of three 65 MW projects the company is working on in Malaysia as part of a consortium led by engineering firm ITRAMAS.