Solar Markets & Finance News

The South African federal government has actually released its most current renewables procurement round under its Renewable Energy IPP Procurement Programme (REIPPPP), which is to obtain 1GW of solar PV.

The Federal Energy Regulatory Commission (FERC) has revealed key choices this week giving quality as well as to solar developers within the United States, while signalling state support further down the line.

With a capital payment of EUR530 million ($ 631 million), unnamed funds are taking control of 49 percent of the shares in German renewable energy project programmer BayWa r.e. Renewable Energy GmbH.

Adani Green Energy Limited (AGEL), part of India-based Adani Group, elevated a $1.35 billion financial obligation bundle for its under-construction eco-friendly asset portfolio via conclusive arrangements signed with a group of leading worldwide loan providers.

'Solar Module Super League' (SMSL) participant Canadian Solar is directing a considerable increase in PV module and also energy storage shipments, leading to full year 2021 income of in between US$ 5.6 billion to US$ 6.0 billion, over 70% greater than earnings reported for 2020.

Solar Balance of System (BOS) services supplier Shoals Technologies has celebrated a "record year" in which profits expanded 21%, positioning different post-IPO targets strongly in its crosshairs for 2021.

The globe's solar power generation capacity will certainly need to reach 14.4 TW in the next 30 years to guarantee that the international temperature does not rise above 1.5 degrees celsius this century.

' Climate tech 'is a label for the emergence of innovations resolving the climate crisis, generally targeting both mitigation as well as adaptation. With lessons gained from the clean-tech boom as well as bust, investor think climate technology can be rewarding while assisting the atmosphere. A record $17 billion of resources was poured into climate-tech start-ups last year.

Aberla Energy has actually been chosen as professional energy contractor for the Progress Housing Group, authorizing a three-year solar contact.

Noon Energy Inc., designer of an advanced ultra-low-cost battery technology for long-duration energy storage, shut a $3 million Seed phase investment. Prime Impact Fund led the round as well as was joined by At One Ventures, Collaborative Fund, as well as Xplorer Capital.

Berlin-based greentech start-up Zolar has raised an additional EUR10 million (US$ 11.9 million) in a financial investment round led by Energy Impact Partners.

Vietnam is to slash feed-in tariffs offered for roof solar installments from following month by as much as 38% in a quote to attend to grid pressures in the nation, regional media has actually reported.

Emerging Africa Infrastructure Fund to establish 30MW solar project

Europe is good to go to come to be the world's second-largest maker of lithium-ion battery cell by 2025, claimed a European Commission (EC) vice-president, although some crucial obstacles need to be dealt with.

United States utility Florida Power & Light (FPL) has submitted a four-year rate plan that could see 894MW of solar PV systems contributed to the grid.