Solar Markets & Finance News

California's grid operator has actually green-lighted a new plan to upgrade and increase the state's transmission system as even more renewables come online amidst increased electrification.

Spain boosted the amount of installed solar PV capacity by 28.8% year-on-year in 2021 to get to 15,048 MW at the end of December, Spanish grid operator Red Electrica de Espana (REE) said on Friday.

Africa-focused energy company Chariot Ltd (LON: CHAR) and French power manufacturer Total Eren have actually struck a manage First Quantum Minerals Ltd (TSE: FM) that will facilitate the construction of a 430-MW renewable power complex for the Canadian miner's operations in Zambia.

Israel-based inverter distributor SolarEdge Technologies Inc (NASDAQ: SEDG) is wanting to raise total gross proceeds of USD 590 million (EUR 534m) through the issuance of common stock.

JinkoSolar has actually revealed information of a multi-project silicon pull rod, module assembly and aluminium frame growth in China, which the supplier is to spend a combined RMB20.8 billion (US$ 3.27 billion) in.

Subsidies can still be a vital driving force of solar adoption among reduced- as well as moderate-income (LMI) families in the US offered the reasonably high up-front cost of mounting PV systems, according to Lawrence Berkeley National Lab (Berkeley Lab).

The drive to electrify Sub-Saharan Africa will certainly need US$ 350 billion of financial investment and also might expose an alternative vision for the energy transition that concentrates on a decentralised, bottom-up solar-and-storage abundant grid that benefits from affordable solar power, according to research study company Wood Mackenzie.

The principal running unit of solar module maker JinkoSolar Holding Co Ltd (NYSE: JKS) has signed framework deals for two manufacturing cooperations in China that will certainly require a mixed investment of regarding CNY 20.8 billion (USD 3.27 bn/EUR 2.97 bn).

German retail chain Netto will invest concerning EUR 100 million (USD 110.5 m) to install rooftop solar photovoltaic or pv (PV) systems and heatpump and also replace gas home heating at its stores as well as logistic centres in the residence market in a quote to cut reliance on Russian gas as well as reduce its carbon footprint.

A ₤ 31 million inflation linked debt refinancing has actually been safeguarded from institutional investment abrdn by Community Owned Renewable Energy Partners (CORE).

Brazilian power utility business Neoenergia has signed a EUR200 million (US$ 221 million) loan from the European Investment Bank (EIB) to fund 715.5 MW of renewable projects in Brazil.

Ence Energia, the renewable resource system of Spanish pulp manufacturer as well as energy group Ence - Energia y Celulosa SA (BME: ENC), has actually been relabelled to Magnon Green Energy, the group revealed on Wednesday.

Canadian independent power producer (IPP) Switch Power Corporation has consented to market its 50% stake in a vehicle that owns 4 solar PV projects with an integrated capacity of 75 MW (AC) in Alberta, Canada.

France should take "radical and also immediate measures" to transform its power system and also rapidly accelerate solar deployment, the country's PV trade association has actually said.

In a substantial ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state circulation utilities (Discoms) must pay renewable business the terms they agreed to when they authorized power acquisition agreements (PPAs) within 6 weeks.