Solar Markets & Finance News

Solar PV costs continued to decline internationally in 2021 as supply chain challenges and also climbing product costs have yet to show their complete effect on project expenses.

Consulting as well as engineering renewables TRC Companies has actually gotten solar PV and storage space engineering company Blue Oak Energy, strengthening its renewable energy capabilities.

A subsidiary of India's Tata Power Co Ltd (BOM:500400) has gotten a letter of award from Solar Energy Corporation of India (SECI) to build a 600-MW wind-and-solar plant in the state of Karnataka.

German investment firm Union Investment Real Estate GmbH will procure a total of 75 GWh of electricity from three solar parks in Lower Saxony to power its fund properties.

An initial financing of $100 million is introduced in the partnership. The two firms will certainly release solar and solar plus storage projects in Massachusetts and also New England region of the U.S.A..

By the end of 2023, Summit Ridge expects to have more than 500 MW of solar and also 100 MWh of battery storage space projects on-line supplying energy savings to roughly 175,000 household as well as commercial customers. Earlier, Apollo released its Sustainable Investing Platform, which is looking to deploy $50 billion in clean energy and also climate capital over the following five years.

Wartsila, a Finland-based technology firm, has signed an agreement with Clearway Energy Group. Wartsila will certainly provide energy storage devices amounting to a 500-megawatt (MWac)/ 2-gigawatt hour (GWh) portfolio.

Spain will present a windfall tax on power companies as well as financial institutions from next year to fund measures made to assist Spaniards manage rising inflation.

A subsidiary of Canadian renewable resource investor Brookfield Renewable has actually suggested a 161MW/644MWh battery storage system to complete in an Ontario grid operator Request for Proposals (RfP).

Private equity firm Syncarpha Capital has entered a partnership to co-develop solar as well as solar-plus-storage projects in New England, US, with Rosemawr Sustainable Infrastructure Management.

Norwegian state-owned energy company Equinor will certainly get East Point Energy, a US-based programmer of grid-scale battery energy storage projects.

Global sustainable energy developer as well as power manufacturer Fotowatio Renewable Ventures (FRV) stated today that its Aussie system has actually finished a refinancing offer for its 100-MW Lilyvale solar farm in Queensland.

The European Commission (EC) recently provided its nod to a EUR-1.2-billion (USD 1.21 bn) support plan backing the installation of solar photovoltaic or pv (PV) capability across Italy's agricultural field.

Norwegian state-owned utility Statkraft AS has inked an offer to procure the electricity from a 30-MW solar farm in Germany that is being developed by project designer Sunovis GmbH.

Module-level power electronics vendor Tigo Energy has filed an intellectual property (IP) infringement lawsuit in the United States against inverter producer SMA Solar Technology America.