The PV industry in Southeast Asia has come a long way since guest author Ragna Schmidt-Haupt, partner at Everoze, reported on solar financing innovation in the region more than a decade ago. In this article, she outlines five factors for success, the newest of which has the potential to become a game changer, and not only in Southeast Asia.
Malakoff and MMC Group have agreed to deploy 500 MW of solar in Malaysia, while Citicore has agreed to supply 7.5 MW of solar to utility Clark Electric Distribution Corp. in the Philippines.
Developer Solar Philippines is preparing to issue up to 2.7 billion shares, for an estimated $0.02 per share, in the project company which will develop its 500 MW-plus Peñaranda project on Luzon.
The Mumbai-based EPC contractor and module manufacturer expects its international business to account for more than 15% of its overall revenue. The company’s latest installation, in Vietnam, marks the completion of over 600 MW of solar EPC projects, with an additional 100 MW in its international pipeline.
Australian stock exchange-listed battery maker Redflow has announced a AU$14.5 million ($11.25 million) funding round, as the Brisbane-based company takes its manufacturing base offshore and turns its attention to a market “sweet-spot” including the off-grid, telecom, commercial and industrial sectors.
The Korean conglomerate has signed a joint operation investment agreement with Vietnam-based BCG Bang Duong to develop $100 million, 100 MW solar plant in nation’s Thanh Hoa district.
The Asian Development Bank to give technical, logistical and financial backing to the project, which is being set up by Electricite Du Cambodge. Program will be split across two phases.
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