Solar Markets & Finance News

The long-awaited procurement workout consists of 250 MW of generation capacity originally planned to be tendered last year.

The policies will require power suppliers to give even more assistance to home owners and services willing to go solar. The new framework will apply to PV systems varying in size from 1 kW-2 MW and also to all power consumers.

Company solar financing fell by 25% year-on-year to US$ 4.5 billion in the very first fifty percent of 2020, but the decrease can have been much starker, brand-new analysis by Mercom Capital has actually located.

Spanish utility Iberdrola has actually landed EUR800 million (US$ 903 million) in funding from the European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) to spearhead brand-new renewable energy implementation throughout Spain.

United States energy firm PacifiCorp has launched its largest request for proposals for power projects yet, seeking bids for more than 1.8 GW of brand-new solar as well as 600MW of battery power storage.

Manufacturing of extremely reliable solar cells as well as modules will begin at 2 websites in Germany from the initial fifty percent of 2021. The Swiss tech group prepares to eventually expand annual production to 5 GW.

The record-setting quarter was driven by virtually 2 GW of utility-scale solar, supplemented by another 1.6 GW of residential capacity. As well as while the pandemic will slow the market in 2020, five-year estimates are solid, especially for Texas.

Also as the issues from Andhra Pradesh are still to be settled, comes the information of Punjab State Power Corporation Limited (PSPCL), the key state discom, promoting a 10 percent discom from solar energy manufacturers.

ADB has actually renewed an MOU with IEA to scale up partnership and also breakthrough development on sustainability with an increased focus on power industry durability in APAC The Asian Development Bank (ADB) has revealed that it has restored a memorandum of understanding (MOU) with the International Energy Agency (IEA) to scale up collaboration as well as breakthrough development on sustainability with a raised concentrate on power field strength in Asia as well as the Pacific.

Ørsted is broadening its solar footprint with the procurement of the 227 MW a/c unfinished Muscle Shoals solar project found in Alabama, US.

The business has landed an order from state-run Chittaranjan Locomotive Works to supply transformers for products and guest locomotive engines.

UK capitalist Bluefield Solar Income Fund has actually welcomed a brand-new elderly hire, with Baiju Devani joining Bluefield Partners from Ingenious.

Asset management firm Capital Dynamics has struck a calculated partnership with Nebraskan independent power producer Tenaska to advance 4.8 GW of solar in the Midwest and Southeast United States.

The Italian utility, fresh from safeguarding its initial 300 MW of PV generation capability in the nation in a current, record-setting tender, has actually partnered with the state-owned Norwegian Investment Fund to devote to additional clean energy facilities in India.

The fossil fuel company will certainly end up being a companion in the fund, which buys clean energy projects.