Solar Markets & Finance News

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.

Commerce Department to make a decision by March 25 on investigation California company alleges Chinese suppliers skirt tariffs

The solar power park project will certainly be developed by TUSCO in Uttar Pradesh. Last year, the IFC had made a crucial financial investment of $126 million in the Federal Band-- a private sector bank-- in India for the development and development climate pleasant projects

Investment fund STOA has actually purchased a 33% interest in the SSM1 & 2 project in Rio Grande do Norte

The Indian Government has actually accepted the investment and also the bargain will certainly come at a rate of $34.6 million. ThomasLloyd thinks that it has scope to increase capacity over of 1GW of grid-connected solar in the Indian market.

Inverter major GoodWe, which has been a particularly solid player in the residential and commercial rooftop segment up until recently, when it increased offerings to the utility section also, has actually gone across the 1.5 GW milestone in India.

Russia's intrusion of Ukraine implies that ensuring security of energy supply via the expansion of renewables ought to be a priority for policymakers, according to the CEO of German utility RWE.