Solar Markets & Finance News

Solar maker SolarSpace has announced a long-lasting alliance with the insurance provider, PAIC (Ping An Insurance (Group) Company of China Ltd.) as well as Ariel Re of Lloyd's of London, a reinsurer establishment, will provide 25-30 years of power loss payment obligation insurance solution for the module products of SolarSpace.

Solar energy capacity across nation is mounted at 63.8 GW as well as wind power is about to touch 42 GW. India's total installed power capacity is 411 GW and the share of fossil fuel based power generation that includes coal, diesel, gas as well as lignite is more than 236 GW.

The European Commission has actually accepted a EUR 259 million Romanian scheme to support financial investments in the production, assembly as well as recycling of batteries, of photovoltaic cells as well as of panels in Romania The aid aims at green change of Romania and the EU.

bp will bring fast charging infrastructure to Hertz locations in significant cities of the US. A number of the fast-charging installments will certainly include large-scale gigahub locations. Worldwide power empire British Petroleum or bp has announced its fresh plans to invest $1 billion right into electric vehicle (EV) charge points across the USA. bp said that it will bring fast charging infrastructure to Hertz locations in significant cities of the United States by 2030.

Macquarie Asset Management is seeking to offer a 450-MW portfolio of solar projects in India in a manage an equity value of some USD 250 million (EUR 235.1 m), The Mint reports.

McDonald’s Corp and Lightsource bp have signed a power purchase agreement (PPA) to construct a 145-MW AC/180 MW DC solar park in Louisiana. The photovoltaic (PV) farm will generate enough electricity to power 630 McDonald’s restaurants and meet the demand of 30,700 local homes.

The US Department of Energy (DOE) has awarded USD 3.2 million (EUR 3m) to Solar MEAD, a project aimed at replacing fossil fuels with focused solar thermal (CST) energy in cement clinker production.

The Inflation Reduction Act will ultimately boost household solar, yet macroeconomic conditions endanger temporary development.

European Commission approves Romania's state aid of EUR 259m for batteries, solar photovoltaic (PV) cells and panels, partially financed through Recovery and Resilience Facility (RRF).

PPC Renewables, a subsidiary of Greek power utility PPC SA, buys a 46-MW portfolio of wind and solar photovoltaic parks in Greece from Piraeus Equity Partners.

Acciona has signed a 12-year PPA with Zimmer Biomet to supply it with renewable electricity in Spain, supported by the 42MWp Cristo Bailones solar plant.

The Bulgarian government is welcoming applications under a BGN-200-million (USD 109.7 m/EUR 102.3 m) procedure targeted at giving financial support to regional firms looking to set up new solar-plus-storage systems.

United States cloud computing business Salesforce.com Inc on Tuesday committed to procuring 280,000 MWh of renewable energy certificates from dispersed energy projects in emerging markets.

Brazil's power field regulator Aneel accepted on Tuesday 457.5 MW of winning renewable resource projects from the A-5 tender held on October 14, 2022.

Australian solar systems manufacturer SolarJuice Co Ltd has actually decreased the size of its scheduled initial public offering (IPO) in the United States to approximately USD 18 million (EUR 16.8 m) in gross proceeds by decreasing the targeted rate range for the deal.