Asia

Deutsche Bank has revealed that China’s green finance market surpassed CNY 20 trillion (AU$4.07 billion) in value in the first half of 2022. Haitai Solar has listed shares in Beijing, while Shangji has revealed plans for a new polysilicon project in Inner Mongolia.

Canadian Solar has announced plans to invest in a new solar production base in Qinghai province, while Boamax Technologies has revealed that it will build a new heterojunction solar cell and module factory in Anhui province.

Energy company Shell has completed the acquisition of Solenergi Power, an Actis company owning 100% of Indian renewables developer Sprng Energy. The transaction value is US$1.55 billion (AU$2.22 billion), with half as cash Capex and the remainder as debt obligations.

Scientists in Japan have developed a novel metal-organic, framework-based magnesium ion conductor with superionic conductivity, even at room temperature.

The Indian government’s PM KUSUM Scheme supports farmers in installing standalone solar pumps and solarizing existing grid-connected agriculture pumps.

Malaysia’s largest electricity provider Tenaga Nasional Berhad has announced plans to fast track the closure of its coal-fired power plants to hasten the transition of its generation fleet from fossil fuels to renewable sources including large-scale solar PV and green hydrogen.

The system is reportedly able to refill about eight hydrogen fuel cell vehicles, each in three minutes. It is also able to supply electric power by using hydrogen produced with renewable energy within the station.

Chinese manufacturer Bslbatt has unveiled an upgraded version of its residential battery. The device has a storage capacity ranging from 5.12 to 12.8 kWh and is reportedly able to provide steady operation for up to 6,000 charge cycles.

India installed 12.3 GW of solar in the 12 months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal year.

India will see a cumulative demand for around 600 GWh of lithium-ion batteries from 2021 to 2030 across all segments. The recycling volume coming from the deployment of these batteries will be 125 GWh by 2030.