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Solar PV Market in APAC 2022-2026

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    Report

  • 120 Pages
  • June 2022
  • Region: Asia Pacific
  • TechNavio
  • ID: 5606283
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The publisher has been monitoring the solar PV market in APAC and it is poised to grow by $ 150.13 million during 2022-2026, accelerating at a CAGR of 21.74% during the forecast period. Our report on the solar PV market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by favorable government regulations, declining cost of solar PV panels, and increasing adoption of microgrids.

The solar PV market in APAC analysis includes the end-user segment and geographic landscape.

The publisher's solar PV market in APAC is segmented as below:

By End-user

  • Utility
  • Commercial
  • Residential

By Geographical Landscape

  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

This study identifies the advances in thin-film solar PV modules as one of the prime reasons driving the solar PV market growth in APAC during the next few years. Also, increasing deployment of microgrids and development of zero-energy buildings will lead to sizable demand in the market.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on solar PV market in APAC covers the following areas:
  • Solar PV market sizing
  • Solar PV market forecast
  • Solar PV market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solar PV market vendors in APAC that include ABB Ltd., Adani Green Energy Ltd., Azure Power, Canadian Solar Inc., First Solar Inc., Golden Concord Holdings Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., Lanco Infratech Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., Mitsubishi Electric Corp., MVV Energie AG, Renesola Ltd., Risen Energy Co. Ltd., Sterling and Wilson Powergen Pvt. Ltd., Sungrow Power Supply Co. Ltd., Tata Power Co. Ltd., Trina Solar Co. Ltd., and Waaree Energies Ltd. Also, the solar PV market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
  • 1.1 Market overview
  • Exhibit 01: Executive Summary - Chart on Market Overview
  • Exhibit 02: Executive Summary - Data Table on Market Overview
  • Exhibit 03: Executive Summary - Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
  • Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
  • Exhibit 06: Executive Summary - Chart on Incremental Growth
  • Exhibit 07: Executive Summary - Data Table on Incremental Growth
  • Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape
  • 2.1 Market ecosystem
  • Exhibit 09: Parent market
  • Exhibit 10: Market Characteristics

3 Market Sizing
  • 3.1 Market definition
  • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
  • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
  • Exhibit 13: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 15: Chart on APAC: Year-over-year growth 2021-2026 (%)
  • Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)

4 Five Forces Analysis
  • 4.1 Five forces summary
  • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
  • Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
  • Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
  • Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
  • Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
  • Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
  • 4.7 Market condition
  • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user
  • 5.1 Market segments
  • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
  • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
  • Exhibit 26: Chart on Comparison by End-user
  • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Utility - Market size and forecast 2021-2026
  • Exhibit 28: Chart on Utility - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 29: Data Table on Utility - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
  • Exhibit 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)
  • 5.4 Commercial - Market size and forecast 2021-2026
  • Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
  • Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
  • 5.5 Residential - Market size and forecast 2021-2026
  • Exhibit 36: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 37: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 38: Chart on Residential - Year-over-year growth 2021-2026 (%)
  • Exhibit 39: Data Table on Residential - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by End-user
  • Exhibit 40: Market opportunity by End-user ($ billion)

6 Customer Landscape
  • 6.1 Customer landscape overview
  • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape
  • 7.1 Geographic segmentation
  • Exhibit 42: Chart on Market share By Geographical Landscape - 2021-2026 (%)
  • Exhibit 43: Data Table on Market share By Geographical Landscape - 2021-2026 (%)
  • 7.2 Geographic comparison
  • Exhibit 44: Chart on Geographic comparison
  • Exhibit 45: Data Table on Geographic comparison
  • 7.3 China - Market size and forecast 2021-2026
  • Exhibit 46: Chart on China - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 47: Data Table on China - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 48: Chart on China - Year-over-year growth 2021-2026 (%)
  • Exhibit 49: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.4 India - Market size and forecast 2021-2026
  • Exhibit 50: Chart on India - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 51: Data Table on India - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 52: Chart on India - Year-over-year growth 2021-2026 (%)
  • Exhibit 53: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.5 Japan - Market size and forecast 2021-2026
  • Exhibit 54: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 55: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 56: Chart on Japan - Year-over-year growth 2021-2026 (%)
  • Exhibit 57: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.6 South Korea - Market size and forecast 2021-2026
  • Exhibit 58: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 59: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 60: Chart on South Korea - Year-over-year growth 2021-2026 (%)
  • Exhibit 61: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
  • 7.7 Rest of APAC - Market size and forecast 2021-2026
  • Exhibit 62: Chart on Rest of APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 63: Data Table on Rest of APAC - Market size and forecast 2021-2026 ($ billion)
  • Exhibit 64: Chart on Rest of APAC - Year-over-year growth 2021-2026 (%)
  • Exhibit 65: Data Table on Rest of APAC - Year-over-year growth 2021-2026 (%)
  • 7.8 Market opportunity By Geographical Landscape
  • Exhibit 66: Market opportunity By Geographical Landscape ($ billion)

8 Drivers, Challenges, and Trends
  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
  • Exhibit 67: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape
  • 9.1 Overview
  • 9.2 Vendor landscape
  • Exhibit 68: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
  • Exhibit 69: Overview on factors of disruption
  • 9.4 Industry risks
  • Exhibit 70: Impact of key risks on business

10 Vendor Analysis
  • 10.1 Vendors covered
  • Exhibit 71: Vendors covered
  • 10.2 Market positioning of vendors
  • Exhibit 72: Matrix on vendor position and classification
  • 10.3 ABB Ltd.
  • Exhibit 73: ABB Ltd. - Overview
  • Exhibit 74: ABB Ltd. - Business segments
  • Exhibit 75: ABB Ltd. - Key offerings
  • Exhibit 76: ABB Ltd. - Segment focus
  • 10.4 Adani Green Energy Ltd.
  • Exhibit 77: Adani Green Energy Ltd. - Overview
  • Exhibit 78: Adani Green Energy Ltd. - Product / Service
  • Exhibit 79: Adani Green Energy Ltd. - Key offerings
  • 10.5 Azure Power
  • Exhibit 80: Azure Power - Overview
  • Exhibit 81: Azure Power - Product / Service
  • Exhibit 82: Azure Power - Key news
  • Exhibit 83: Azure Power - Key offerings
  • 10.6 Canadian Solar Inc.
  • Exhibit 84: Canadian Solar Inc. - Overview
  • Exhibit 85: Canadian Solar Inc. - Business segments
  • Exhibit 86: Canadian Solar Inc. - Key news
  • Exhibit 87: Canadian Solar Inc. - Key offerings
  • Exhibit 88: Canadian Solar Inc. - Segment focus
  • 10.7 First Solar Inc.
  • Exhibit 89: First Solar Inc. - Overview
  • Exhibit 90: First Solar Inc. - Business segments
  • Exhibit 91: First Solar Inc. - Key news
  • Exhibit 92: First Solar Inc. - Key offerings
  • Exhibit 93: First Solar Inc. - Segment focus
  • 10.8 Huawei Technologies Co. Ltd.
  • Exhibit 94: Huawei Technologies Co. Ltd. - Overview
  • Exhibit 95: Huawei Technologies Co. Ltd. - Business segments
  • Exhibit 96: Huawei Technologies Co. Ltd. - Key offerings
  • Exhibit 97: Huawei Technologies Co. Ltd. - Segment focus
  • 10.9 JA Solar Technology Co. Ltd.
  • Exhibit 98: JA Solar Technology Co. Ltd. - Overview
  • Exhibit 99: JA Solar Technology Co. Ltd. - Product / Service
  • Exhibit 100: JA Solar Technology Co. Ltd. - Key offerings
  • 10.10 Lanco Infratech Ltd.
  • Exhibit 101: Lanco Infratech Ltd. - Overview
  • Exhibit 102: Lanco Infratech Ltd. - Product / Service
  • Exhibit 103: Lanco Infratech Ltd. - Key offerings
  • 10.11 Tata Power Co. Ltd.
  • Exhibit 104: Tata Power Co. Ltd. - Overview
  • Exhibit 105: Tata Power Co. Ltd. - Business segments
  • Exhibit 106: Tata Power Co. Ltd. - Key news
  • Exhibit 107: Tata Power Co. Ltd. - Key offerings
  • Exhibit 108: Tata Power Co. Ltd. - Segment focus
  • 10.12 Trina Solar Co. Ltd.
  • Exhibit 109: Trina Solar Co. Ltd. - Overview
  • Exhibit 110: Trina Solar Co. Ltd. - Business segments
  • Exhibit 111: Trina Solar Co. Ltd. - Key offerings
  • Exhibit 112: Trina Solar Co. Ltd. - Segment focus

11 Appendix
  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
  • Exhibit 113: Inclusions checklist
  • Exhibit 114: Exclusions checklist
  • 11.3 Currency conversion rates for US$
  • Exhibit 115: Currency conversion rates for US$
  • 11.4 Research methodology
  • Exhibit 116: Research methodology
  • Exhibit 117: Validation techniques employed for market sizing
  • Exhibit 118: Information sources
  • 11.5 List of abbreviations
  • Exhibit 119: List of abbreviations

Exhibits:
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 14: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
Exhibits 15: Chart on APAC: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Regional - Market size and forecast 2021-2026 ($ billion)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on End-user - Market share 2021-2026 (%)
Exhibits 25: Data Table on End-user - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by End-user
Exhibits 27: Data Table on Comparison by End-user
Exhibits 28: Chart on Utility - Market size and forecast 2021-2026 ($ billion)
Exhibits 29: Data Table on Utility - Market size and forecast 2021-2026 ($ billion)
Exhibits 30: Chart on Utility - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Utility - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
Exhibits 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
Exhibits 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
Exhibits 36: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
Exhibits 37: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
Exhibits 38: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibits 39: Data Table on Residential - Year-over-year growth 2021-2026 (%)
Exhibits 40: Market opportunity by End-user ($ billion)
Exhibits 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 42: Chart on Market share By Geographical Landscape - 2021-2026 (%)
Exhibits 43: Data Table on Market share By Geographical Landscape - 2021-2026 (%)
Exhibits 44: Chart on Geographic comparison
Exhibits 45: Data Table on Geographic comparison
Exhibits 46: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 47: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibits 48: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibits 51: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibits 52: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibits 55: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
Exhibits 56: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibits 59: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibits 60: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on Rest of APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 63: Data Table on Rest of APAC - Market size and forecast 2021-2026 ($ billion)
Exhibits 64: Chart on Rest of APAC - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on Rest of APAC - Year-over-year growth 2021-2026 (%)
Exhibits 66: Market opportunity By Geographical Landscape ($ billion)
Exhibits 67: Impact of drivers and challenges in 2021 and 2026
Exhibits 68: Overview on Criticality of inputs and Factors of differentiation
Exhibits 69: Overview on factors of disruption
Exhibits 70: Impact of key risks on business
Exhibits 71: Vendors covered
Exhibits 72: Matrix on vendor position and classification
Exhibits 73: ABB Ltd. - Overview
Exhibits 74: ABB Ltd. - Business segments
Exhibits 75: ABB Ltd. - Key offerings
Exhibits 76: ABB Ltd. - Segment focus
Exhibits 77: Adani Green Energy Ltd. - Overview
Exhibits 78: Adani Green Energy Ltd. - Product / Service
Exhibits 79: Adani Green Energy Ltd. - Key offerings
Exhibits 80: Azure Power - Overview
Exhibits 81: Azure Power - Product / Service
Exhibits 82: Azure Power - Key news
Exhibits 83: Azure Power - Key offerings
Exhibits 84: Canadian Solar Inc. - Overview
Exhibits 85: Canadian Solar Inc. - Business segments
Exhibits 86: Canadian Solar Inc. - Key news
Exhibits 87: Canadian Solar Inc. - Key offerings
Exhibits 88: Canadian Solar Inc. - Segment focus
Exhibits 89: First Solar Inc. - Overview
Exhibits 90: First Solar Inc. - Business segments
Exhibits 91: First Solar Inc. - Key news
Exhibits 92: First Solar Inc. - Key offerings
Exhibits 93: First Solar Inc. - Segment focus
Exhibits 94: Huawei Technologies Co. Ltd. - Overview
Exhibits 95: Huawei Technologies Co. Ltd. - Business segments
Exhibits 96: Huawei Technologies Co. Ltd. - Key offerings
Exhibits 97: Huawei Technologies Co. Ltd. - Segment focus
Exhibits 98: JA Solar Technology Co. Ltd. - Overview
Exhibits 99: JA Solar Technology Co. Ltd. - Product / Service
Exhibits 100: JA Solar Technology Co. Ltd. - Key offerings
Exhibits 101: Lanco Infratech Ltd. - Overview
Exhibits 102: Lanco Infratech Ltd. - Product / Service
Exhibits 103: Lanco Infratech Ltd. - Key offerings
Exhibits 104: Tata Power Co. Ltd. - Overview
Exhibits 105: Tata Power Co. Ltd. - Business segments
Exhibits 106: Tata Power Co. Ltd. - Key news
Exhibits 107: Tata Power Co. Ltd. - Key offerings
Exhibits 108: Tata Power Co. Ltd. - Segment focus
Exhibits 109: Trina Solar Co. Ltd. - Overview
Exhibits 110: Trina Solar Co. Ltd. - Business segments
Exhibits 111: Trina Solar Co. Ltd. - Key offerings
Exhibits 112: Trina Solar Co. Ltd. - Segment focus
Exhibits 113: Inclusions checklist
Exhibits 114: Exclusions checklist
Exhibits 115: Currency conversion rates for US$
Exhibits 116: Research methodology
Exhibits 117: Validation techniques employed for market sizing
Exhibits 118: Information sources
Exhibits 119: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the solar PV market in APAC: ABB Ltd., Adani Green Energy Ltd., Azure Power, Canadian Solar Inc., First Solar Inc., Golden Concord Holdings Ltd., Huawei Technologies Co. Ltd., JA Solar Technology Co. Ltd., Lanco Infratech Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., Mitsubishi Electric Corp., MVV Energie AG, Renesola Ltd., Risen Energy Co. Ltd., Sterling and Wilson Powergen Pvt. Ltd., Sungrow Power Supply Co. Ltd., Tata Power Co. Ltd., Trina Solar Co. Ltd., and Waaree Energies Ltd.

Commenting on the report, an analyst from the publisher said: "The latest trend gaining momentum in the market is advances in thin-film solar PV modules."

According to the report, one of the major drivers for this market is favorable government regulations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.

The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abb Ltd.
  • Adani Green Energy Ltd.
  • Azure Power
  • Canadian Solar Inc.
  • First Solar Inc.
  • Golden Concord Holdings Ltd.
  • Huawei Technologies Co. Ltd.
  • Ja Solar Technology Co. Ltd.
  • Lanco Infratech Ltd.
  • Larsen and Toubro Ltd.
  • Mahindra and Mahindra Ltd.
  • Mitsubishi Electric Corp.
  • Mvv Energie AG
  • Renesola Ltd.
  • Risen Energy Co. Ltd.
  • Sterling and Wilson Powergen Pvt. Ltd.
  • Sungrow Power Supply Co. Ltd.
  • Tata Power Co. Ltd.
  • Trina Solar Co. Ltd.
  • Waaree Energies Ltd.