Solar Markets & Finance News

Azure Power exceeded the upper end of its profits assistance for its Q3 fiscal year thanks to the enhancement of brand-new renewables projects.

Vietnam's prepared solar capacity is "too expensive" as well as needs to be reduced, according to local media reports that referral a federal government communication.

Daqo New Energy recorded a damage to its quarterly profits as well as margin in Q4 2021 after manufacturing costs spiralled as well as sales dropped against a slide popular.

Solar power generation in the United States rose by 25.23% in 2021, making it the country's fastest-growing source of electrical power, while renewables made up 21.02% of all electrical energy and also look set to surpass coal in regards to total manufacturing in 2022.

German energy firm EnBW Energie Baden-Wuerttemberg AG (ETR: EBK) is slowly putting into procedure two subsidy-free solar parks in the state of Brandenburg with a combined result of 300 MW which will provide around 90,000 houses with green electricity.

Agreement with steel maker to offload 50% of energy produced at the Morada do Sol project

The UK government's Department for Business, Energy & Industrial Strategy (BEIS) has granted around ₤ 912,000 in funding to London-based Gravitricity, whose trademarked technology utilizes gravity to save energy, to make it possible for the firm to set up an energy storage space project in Northern England.

Solar tracker supplier and project developer Soltec observed a strong Q4 efficiency help reduce its loss for the full year to EUR1.2 million (US$ 1.34 million), with its project pipeline growing to in excess of 10GW.

Indian independent power manufacturer (IPP) ReNew Power posted a 25.6% jump in revenue for the initial nine months of the fiscal year 2022 (FY22) compared to the very same duration in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.

Global power business AES included more than 2GW of renewables as well as power storage to its portfolio last year as the business officially confirmed its intent to exit coal generation by 2025.

Clean power industry as well as technology services platform Palmetto has raised US$ 375 million to support its business expansion as it wants to drive uptake of rooftop solar and increase to offer brand-new items.

Result represents landmark for 320MW Gateway BESS project in south-east England

A three-company consortium remains in discussions with Egypt's sovereign riches fund to partner on the project that would certainly comply with a construct, have, run and move system.

China is anticipated to include 83-- 99GW of PV capacity each year from 2022 to 2025, while Europe is currently its biggest export market for solar products, according to a China Photovoltaic Industry Association (CPIA) report on the expectation for the PV industry over the next few years.

EDP Renewables (EDPR) intends to invest S$ 10 billion (US$ 7.39 billion) in renewables in the Asia Pacific (APAC) area by 2030 after shutting its S$ 1.1 billion (US$ 813 million) procurement of Singaporean designer Sunseap.