Solar Markets & Finance News

Duke Energy is considering additional financial investments in solar projects in Florida and the Carolinas as it reels from a US$ 1.6 billion expense related to the termination of the Atlantic Coast Pipeline (ACP).

The new product is not commercially readily available yet, but in trials the materials presumably confirmed its technical and also cost-effective supremacy over NMC 622, NMC 811 and also NCA batteries.

Thermal power storage company Sunamp has increased ₤ 4.5 million in Series A funding to help support its international expansion.

Norwegian state-owned power titan Statkraft has actually scooped up the largest contract in Ireland's very first Renewable Electricity Support Scheme (RESS), with 2 solar farms amounting to 276MWp appearing effective alongside 57MW of onshore wind.

According to the Mining and also Energy Planning Unit (UPME), there are currently 385 projects completing 15 GW at various stages of advancement, consisting of 4 biomass, 17 wind, 93 hydro, 271 solar as well as 7 thermal.

As Facebook races to meet its objective of coming to be 100% powered by renewables by the end of this year, it has made an additional substantial financial investment in tidy power by signing contracts for 806 MW of brand-new solar and wind capability, with projects in Ireland and also the US states of Utah, Ohio, Illinois, and also Tennessee.

Reduced solar tariff trends can be attributed to developers' hopeless attempt to take advantage of the current situation in which just guard duty of 14.9% is applicable, according to JMK Research.

Danish designer European Energy has actually protected EUR96.5 million (US$ 113.59 million) in moneying for Italy's biggest solar park.

Independent power producer Sonnedix has finished EUR321 million (US$ 377.61 million) in non-recourse funding for 13 solar plants in Spain.

China's Yingli Solar is partnering with a variety of high-profile players in its domestic market to achieve mutually useful undertakings as well as promote the country's tidy energy market.

The nation has actually released around 916 MW of new PV ability in the very first 7 months of the year.

Module production huge Canadian Solar states it has seen demand for modules recuperate in the second quarter of 2020, with module shipments and also earnings for the period both going beyond guidance. The business is pressing ahead with prepare for a 2nd listing on a stock market in China as part of its strategy to deal with speeding up sector development and also market consolidation over the coming months.

The ECOWAS Regional Centre for Renewable Energy and also Energy Efficiency is seeking experts for the West African Clean Energy Corridor program. It anticipates the area to deploy 7.6 GW of renewable energy capability by 2030.

Q CELLS has actually signalled its intent to target the United States solar and also storage market by acquiring San Francisco-based storage services carrier Growing Energy Labs Inc (Geli).

Global corporate financing for solar projects in the very first fifty percent of 2020 was US$ 4.5 billion, a 25% decline year-over-year, according to a report from Mercom Capital Group.