Solar Markets & Finance News

Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will certainly see the companions explore possibilities to create projects, consisting of renewable resource plants.

Norwegian solar marketplace company Otovo has actually started operations in Germany. That takes the country count to 7 for the firm introduced in 2016 to make solar roof installations a less complicated task for consumers.

Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021. Proceeding cost decreases bode well for the future of electric vehicles, which rely on lithium-ion modern technology.

With a license to retail electricity, Enel can currently join energy retail market through the National Electricity Market (NEM) of Australia.

This Quarter Wall Street analysts forecast that Canadian Solar Inc. will post sales of $1.55 billion for the present quarter, Zacks reports.

Strata Clean Energy operates 21 assets throughout North Carolina

Under this fundraising, Bpifrance bank is investing via its FIEE fund devoted to energy and setting, along with Newheat's main initial investors Noria and Etchart. Newheat uses decarbonization solutions for large thermal energy customers by combining solar thermal technology, waste heat recovery, short- and also long-lasting thermal storage space as well as heat pumps.

Enel Green Power has called Paolo Romanacci as the brand-new head of its The United States and Canada department, looking after all renewables activities in the United States as well as Canada.

New york city authorities have finalised contracts for an US$ 11 billion infrastructure project consisting of 1.8 GW of solar and also 2GW of wind capacity that would certainly supply energy from upstate to New york city City.

Tianjin Zhonghuan Semiconductor (TZS) has become the most recent solar wafer maker to cut prices, while likewise launching a new 218.2mm-size wafer.

Canadian solar and also energy storage space designer Westbridge Energy Corporation (CVE: WEB) has purchased a 75% stake in the developer of a 236-MW DC solar project with a 100-MW battery component in Alberta, Canada.

Fundraising will sustain build out of business's 4.6 GW solar portfolio as well as 2GWh battery portfolio

The business will certainly interact to create as well as deploy Malta's 10-150+ hour energy storage innovation in a variety of grid-scale applications. The team will concentrate on near-term activities to jointly create a portfolio of long-duration energy storage projects.

The battery is claimed to keep energy at about fifty percent of the expense of keeping with comparable sized lithium-ion batteries. Unlike lithium-ion batteries that experience considerable performance degradation during their 7-10 year layout life, the CO2 Battery keeps its efficiency throughout its expected 25 year functional life, claims the company.

Significant US bank Wells Fargo has actually shut its maiden tax equity financial investment right into a colocated solar-storage project currently incomplete in New Mexico, United States.