The APAC renewable energy market continues to show strong execution activity across solar, wind, storage, and hybrid projects, with particularly visible momentum in India, Australia, Taiwan, and Southeast Asia. Recent policy and market signals include India shifting renewable tendering to better reflect real demand (moving away from fixed annual tender targets) and continued progress across large-scale offshore wind delivery in Taiwan, supported by ongoing commercial offtake activity such as corporate PPAs.

On the procurement and project awards side, the region continues to advance primarily where long-term offtake frameworks are clear—illustrated by major capacity awarded under the Philippines’ Green Energy Auction Program and continued public-sector solar procurement in Singapore (SolarNova), alongside Australia’s continued build-out of grid-scale solar-plus-storage partnerships. Overall, the near-term picture remains focused on delivery of already-awarded capacity, with emphasis on grid readiness, construction milestones, and cost control rather than purely speculative development.

Sources: Reuters (India tender approach).
Philippines GEAP auction coverage (Renewables Now / Argus).
Taiwan corporate PPA (trade coverage).
Taiwan offshore wind milestone context (Yunlin / related coverage).
Australia solar + BESS partnership (EDP / QIC).
Singapore SolarNova Phase 8 procurement (EDP / pv magazine / EDB).

 

Major News :

China (PV + BESS exports): VAT rebate changes from 2026–2027
China announced a major export tax shift that could affect global PV and battery pricing: PV export VAT rebates will be cancelled (0%) from April 1, 2026, while battery export rebates drop from 9% to 6% in 2026, then to 0% from January 1, 2027. The applicable rate is based on the customs export date, not the contract date—raising the likelihood of a pre-deadline shipment rush and renewed pressure on margins and efficiency across the supply chain.
Source: Reuters.

India: renewables tenders to align with “real demand” (target approach changes)
India is moving away from fixed annual tender targets after a large backlog of awarded renewable capacity reportedly lacked buyers, shifting toward issuing tenders based on states’ demonstrated demand. This signals a pivot from “volume targets” to offtake certainty, which can influence developer pipelines, pricing, and near-term hiring timing tied to project execution.
Source: Reuters.

Philippines: >10 GW awarded under Green Energy Auction (solar, wind, and storage-linked capacity)
The Philippines’ Green Energy Auction results selected winning bids totaling just over 10 GW, spanning solar and wind and including categories that support storage-integrated deployment. The awards reinforce the Philippines as a high-momentum build market with auction-backed offtake mechanisms—supportive of sustained EPC, grid-connection, commissioning, and O&M activity.
Source: Renewables Now / Argus coverage.

Taiwan: corporate PPAs continue to support offshore wind bankability
Taiwan continues to see corporate PPAs used as a financing lever for offshore wind—illustrated by a long-term CPPA signed for Synera’s Formosa 4 (495MW). This highlights ongoing corporate demand for clean power and strengthens the pipeline’s commercial underpinnings, with knock-on effects for delivery-focused hiring (construction, commissioning, and long-term operations).
Source: Power Technology / reNEWS coverage.

Australia: grid-scale solar + storage partnerships accelerate (example: 400MW solar + 400MW/1,600MWh BESS in QLD)
Australia’s utility-scale hybrid momentum continues, with QIC and EDP Renewables Australia signing an exclusivity agreement for Punchs Creek in Queensland: 400MWac solar paired with a 400MW/1,600MWh BESS. This is consistent with Australia’s broader shift toward firming and grid services, supporting continued demand for BESS engineering, grid integration, commissioning, and asset management capability. Source: Energy-Storage.news.

 

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