Solar Markets & Finance News

UK investment firm VH Global Lasting Energy Opportunities (LON: GSEO) has actually settled the purchase of a 10.9-MW solar farm site in Queensland, Australia, spending GBP 5.9 million (USD 7.8 m/EUR 6.9 m), the firm stated today.

SPI Energy, the international energy company that acquired a listing of contracts from bankrupt California solar installer PetersenDean, revealed it has gotten the lease for the former Sunergy photovoltaic panel manufacturing plant in Sacramento, California, and also anticipates to produce modules for the united state market by Q1 2022.

The US as well as China will account for a mixed 57% of total forecasted solar capacity enhancements through 2030, with the nations adding 151.3 GW and 436.9 GW of solar capacity, respectively. Both nations have risks to this growth, nevertheless, with the United States needing to overcome trade and also tariff problems, while China requires to make certain the dependability of PV manufacturing.

Solar developer ib vogt has signed a EUR40 million (US$ 45 million) syndicated loan agreement with its long-standing German bank partner Commerzbank AG to support its global growth strategy.

Mountain Partners AG's Chilean division is setting up the country's very first venture capital fund that will only buy firms that add to combating climate change.

Finish solar power business Solar Finland Ltd has actually agreed to develop a joint venture in Thailand that will certainly set up a production facility for photovoltaic or pv (PV) modules with a first annual capacity of 100 MW in the Asian country.

Bahrain is seeking to award contracts for the building and also procedure of 7.5 MWac of grid-tied solar capacity in 2 tenders as well as anticipates bids for power plants to be set up on building roofs as well as parking lot of authority structures by December 22.

The Australian Labor party has actually revealed a brand-new emissions policy, under which it intends to improve to 82% the renewables share of National Electricity Market (NEM) generation, up from 68% under current government estimates.

CellCube can currently supply their vanadium redox flow batteries (VRFBs) including a bankable insurance to assure for item as well as efficiency precision. Under its trademark 'CellCube' the Austrian based Enerox GmbH creates, makes as well as distributes vanadium redox flow batteries.

JinkoSolar is anticipating that greater than 25% of its module deliveries next year will be attributable to its n-type TOPCon module variety.

Daqo New Energy has started pilot production at its brand-new 35,000 MT Stage 4B polysilicon manufacturing facility, which has actually been completed ahead of timetable.

Italian energy firm Edison has actually marketed a 49% stake in its renewables division to Crédit Agricole Assurances (CAA) to accelerate its growth plan that aims to deploy 4GW of solar PV as well as wind by 2030.

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.