Solar Markets & Finance News

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.

Goa Energy Development Agency (GEDA) has invited bids for 1.2 MW of grid-connected rooftop solar projects at North Goa and South Goa District hospitals. The last date to submit the bid is October 20, 2022, as well as the bids will certainly be opened on October 21, 2022.

Global independent power manufacturer (IPP) Sonnedix Power Holdings Ltd said on Tuesday that it has actually signed ten-year power acquisition arrangements (PPAs) with Norway's Statkraft AS in Italy.

The arrangement will use its Vega Series Mono-Bifacial PERC Double glass PV modules for Vesper Energy projects that lie in Texas and also Ohio. Vesper Energy is a designer of utility scale renewable energy projects with a 12 GW pipe of solar and also storage space projects in The United States and Canada.

Spanish renewables business Grenergy Renovables SL (BME: GRE) posted a net revenue of EUR 8.8 million (USD 8.5 m) for the initial term of 2022, recording a rise of 29% year-on-year thanks mostly to electricity sales from its independent power production (IPP) portfolio.

Saudi Arabia has actually released a tender for 3.3 GW of wind and solar power projects as part of the National Renewable Energy Programme (NREP), the Ministry of Energy claimed on Sunday.