Solar Markets & Finance News

Virescent Renewable Energy Trust (VRET), an Indian renewable energy platform backed by global investment company KKR & Co Inc (NYSE: KKR), has accepted get a green energy subsidiary of compatriot Godawari Power as well as Ispat Ltd (BOM: 532734).

Head of state Joe Biden highlighted his initiatives to counter China's dominance of the electric battery market on Tuesday as he proclaimed domestic efforts to mine and also process lithium and rare-earth element required to produce the technology that powers cars, electronic devices, wind turbines as well as more.

The collection of 24 plants is owned by Vantage Solar

This rates of interest of 7.2% is dealt with for 42 months as well as it's the most affordable in terms of rupee financing for Azure Power's existing portfolio until now. It has been learnt that for this refinancing facility, L&T Finance Limited has actually served as the sole expert.

PV project developer and design, purchase as well as building and construction (EPC) firm Inovateus Solar has gotten a "significant" investment from Galway Sustainable Capital to enhance its operations.

Norwegian start-up Otovo has actually protected NOK300 million (US$ 33.7 million) through an exclusive placement to sustain the growth of its solar marketplace right into six brand-new European countries.

Saudi solar power firm Desert Technologies and German industrial corporation Siemens AG (ETR: SIE) have established a joint venture to establish and invest in greater than 1 GW of solar and smart framework in the Middle East, Africa as well as Asia.

French fuels representative Rubis SCA (EPA: RUI) is getting a 51% stake in a solar-plus-green hydrogen and also battery project established by hydrogen energy specialist Hydrogene de France SA (EPA: HDF) in Barbados.

The renewables arm of Lithuanian power business Ignitis Grupe AB (VSE: IGN1L) has actually terminated an arrangement for the purchase of approximately 170 MW of under-development solar projects in Poland.

The price of polysilicon last week reached its highest level because 2011 and, according to Chinese module manufacturer JinkoSolar, there are no visible indicators that it might drop this year, as anticipated by numerous experts.

New measures from Italy's federal government to accelerate and also streamline renewables implementation have actually been greatly criticised by the country's solar market.

Independent power producer Azure Power has actually resorted to Ecoppia for robotic cleaning services for 400MW of solar PV.

The UK solar photovoltaic (PV) sector gets on a higher trajectory with 730 MW set up in 2014, a 36% surge compared to the 2020 deployments, figures from study by Solar Media Ltd and also launched by Solar Energy UK showed recently.

Chinese solar item manufacturer JA Solar Technology Co Ltd (SHE:002459) last week revealed an ambitious plan to add about 14 GW to its existing integrated production capacity with projects at home and in Vietnam.

Slovenian energy group Petrol [LJE: PETG] plans to invest 17 million euro ($19.3 million) in the building of three photovoltaic or pv (PV) plants near Croatia's Knin in 2022, it claimed on Friday.