Solar Markets & Finance News

Foresight Solar Fund Ltd (LON: FSFL) as well as JLEN Environmental Assets Group Ltd (LON: JLEN) have actually collectively gotten Gigabox No 4 Limited, an entity that holds the growth legal rights to create a 49.9-MW lithium-ion battery energy storage plant in Angus, Scotland.

The move will aid drive the business's plan to expand in the nation

Canadian energy transport as well as circulation group Enbridge Inc (TSE: ENB; NYSE: ENB) has actually secured a USD-270-million (EUR 275.7 m) bargain to get US renewables developer Tri Global Energy (TGE) which has a development portfolio of over 7 GW of wind as well as solar.

Sungrow claimed that it took less than one year to reach 14-GW as the 10-GW record was attained in November, 2021. The shipment of 14-GW took place in a span of simply eight years.

An Australian energy generator and retailer, AGL Energy Ltd. just recently revealed to invest up to A$ 20 billion ($ 13 billion) by 2036 on renewable energy and also increase completion of coal-fired generating by ten years.

3 further initiatives to assist Germany's use of renewable energy sources for electrical power production have been given the green light by the European Commission by EU State Aid regulations. An adjustment from a fixed to a gliding market premium in the payout structure for tenders sustaining innovation is just one of the approaches.

The United States solar market acquired a record 10 GW of utility-scale solar photovoltaic (PV) capacity in the 2nd quarter of 2022, improved by increased need after the recent flow of the Inflation Reduction Act (IRA), shows a new report by Wood Mackenzie.

Oil and gas titan Shell Plc (LON: SHEL) has accepted acquire Nigeria-based hybrid solar energy remedies company Daystar Power in a bargain noting its initial power acquisition in Africa.

Norwegian renewable power producer Scatec ASA (OSL: SCATC) will certainly aim to invest NOK 10 billion (USD 924.1 m/EUR 956.5 m) of equity in order to add around 1.5 GW of fresh capacity annually in the direction of 2027 under its upgraded method, bringing into focus emerging markets as well as green hydrogen.

Domestic manufacturing and also intake of renewable energy (e.g., biofuels, biomass, geothermal, hydropower, solar, wind) got to a record high as of mid-year 2022, according to a SUN DAY Campaign evaluation of new data launched by the U.S. Energy Information Administration (EIA).

Australian firm Frontier Energy Ltd (ASX: FHE) has actually shortlisted two firms in the search for an engineering, procurement as well as building and construction (EPC) service provider for its 114-MW solar project in Western Australia.

The Queensland government on Wednesday introduced a AUD-62-billion (USD 39.6 bn/EUR 41.4 bn) energy and also jobs intend that is suggested to enable the Australian state to develop a renewables-based "SuperGrid" and also lower dependence on coal-fired power generation by 2035.

US President Joe Biden's push for green power tax credits will help enhance a massive increase secretive financial investment that will certainly develop jobs as well as reduced power expenses for American families, Treasury Secretary Janet Yellen claimed Tuesday.

Schemes gotten from European Energy have actually a combined capacity of 38.87 MWp.

Dubai Investment Fund (DIF), among the globe's largest independent worldwide investment funds as well as asset supervisors, announced its investment into 5 projects aimed to establishing renewable energy sources in Australia and also Europe.