Solar Markets & Finance News

The gradual shift toward electrical vehicles (EV) has put battery stocks onto investors' radar. We've seen renewed passion in battery stocks complying with the speedy gains posted by Nio (NIO Stock Report) and also Tesla (TSLA Stock Report). Certainly, the EV trend has been around for time currently. According to Statista, the need for lithium will more than double over the next 5 years. And also where is that lithium going? You've got it right. Much of the lithium will certainly be for EV batteries.

Renewable Power Capital will certainly buy solar, onshore wind and also battery storage space

7X Energy, a utility-scale solar designer, owner and also asset manager, has partnered with Nestlé to be the single tax equity capitalist for its 250 MWac Taygete I Energy Project located in Pecos County, Texas.

Utility group Ameren has actually called Ajay Arora as its first chief sustainable growth police officer, managing the consolidation of cleaner energy into the business's Missouri organization portfolio.

Renewables programmer BayWa r.e. has actually gotten a major funding injection of EUR530 million (US$ 642.3 million) via the sale of a 49% stake in the attire to Energy Infrastructure Partners (EIP).

US Gold mining group Newmont will invest US$ 500 million over the following five years in solar and also wind technology in an initiative to get to carbon nonpartisanship by 2050.

The function of power storage and also the part it will play in helping the UK reach its net-zero targets by 2050 has been laid out in a roadmap

IRENA and also AfDB have actually accepted work together to advancement energy change through efforts that support eco-friendly financial investments in Africa

With the help of the EBRD's Green Economy Financing Facility (GEFF) in Egypt, which is sustained by the European Union, Egyptian solar firm SolarizEgypt applied the first roof photovoltaic system with a private-to-private power acquisition contract (PPA) in the country.

Longgen Zhang, the chief executive of polysilicon carrier Daqo New Energy, has actually surrendered from the board of supervisors of leading solar module manufacturer JinkoSolar.

Italian ERG SpA, via its subsidiary ERG Development Germany GmbH & Co. KG., and also Aream Advisory GmbH, part of the Aream Group, have authorized a co-development arrangement to apply an onset solar portfolio of around 600 MW in eastern Germany.

ENGIE North America and also Hannon Armstrong, a leading investor in climate change remedies, introduced a brand-new partnership to jointly buy a Distributed Generation (DG) portfolio of solar and also solar-plus-storage properties situated across the United States.

McDonald's has actually revealed its ongoing dedication to environment activity through the finalizing of 3 new online power purchase contracts for two wind ranches as well as one portfolio of solar projects in the United States. The digital PPA will certainly total 1,130 MW (547 MW wind, 583 MW solar).

Chinese solar module maker Jinko Solar Holding Co. revealed its unaudited financial outcomes for the third quarter finished September 30, 2020.

The Austrian Climate and Energy Fund gets additional subsidies for photovoltaic systems, introduced the Minister of the Environment Leonore Gewessler (The Greens).