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Thai energy and waste management firm Padaeng Industry (PDI) has acquired a portfolio of six operational solar PV farms in Thailand with a combined capacity of 30MW from Armstrong Asset Management and Dragon Capital for a total of THB1.3 billion (US$39 million).

Given the tight land restrictions of the East Asian island, this would be a huge development.

The Philippines Department of Energy (DoE) has invited comments on the final draft of a new scheme that allows end-users the option to choose renewables as their source of energy.

Filipino president Rodrigo Duterte today inaugurated the Philippines first solar module manufacturing facility with an expanded capacity of 800MW at Santo Tomas, Batangas, owned by renewable energy firm Solar Philippines.

A nation made up of thousands of small islands should be a blessing to any off-grid renewable energy firm, but poor access to upfront financing makes Indonesia a tougher proposition than one would expect. To discuss the market, PV Tech caught up with Verania Andria, associate director, community renewable energy, Millennium Challenge Account Indonesia, which focuses on financing off-grid renewables in Indonesia with grant funding.

The opening bids in Malaysia’s 460MW large-scale solar auction have shown significant over-subscription with roughly 1,632MW of submissions.

The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects by issuing dual-tranche five-year (US$750 million) and 10-year green bonds (US$500 million).

Downstream solar firm Conergy Asia has been acquired by two private equity funds, Tennenbaum Capital Partners (TCP) and Goldman Sachs BDC (GSBD).

Singapore ended Q1 2017 with 129.8MW of installed solar PV, four times more than the 33.1MW it had at the end of 2014, according to the annual energy report from Singapore’s Energy Market Authority (EMA).

Oil major Shell has invested in Singapore-based solar developer Sunseap.