Solar Markets & Finance News

Industrial capacity to create panels, turbines and also electrolyzers for the clean energy shift is expanding quickly, according to a new IEA analysis.

The integrated project will certainly make monocrystalline silicon pull rod, silicon wafer, high-efficiency solar cells and modules. Jiangxi Jinko has actually authorized an investment framework agreement with the Management Committee of Transformation Comprehensive Reform Demonstration Zone of Shanxi Province.

Africa-focused lasting power remedies supplier WATT Renewable Corporation said on Tuesday that it won a USD-10-million (EUR 9.33 m) contract to install solar arrays and also power storage in Nigeria for an unnamed financial institution.

German property solar battery manufacturer Sonnen GmbH has doubled its manufacturing capacity as well as can currently produce 120,000 home storage systems annually at its headquarters in Bavaria much earlier than initially prepared.

Sun Cable will certainly be gotten by an entity affiliated with Grok Ventures, a financial investment vehicle of Australian billionaire Mike Cannon-Brookes, as revealed on Friday by the voluntary administrators of the company, namely FTI Consulting.

Renewable resource manufacturer Enefit Green AS (TAL: EGR1T) revealed today it has actually taken the last financial investment decision (FID) on the 74-MW Sopi solar project at home in Estonia, with strategies to commission the facility in 2025.

The suggested sale of a 50% passion in Enel SpA's (BIT: ENEL) Greek renewable energy subsidiary has actually been momentarily frozen, Greek news website Newmoney reports.

British renewables developer Clearstone Energy has offloaded a 107-MW portfolio of battery energy storage systems (BESS) in the South of England to Foresight Energy Infrastructure Partners for an undisclosed sum.

ConnectDER, a United States provider of meter collars for home solar connection, has actually pulled in USD 27 million (EUR 25.1 m) in fresh capital to broaden its organization in a Series C funding round led by Energy Innovation Capital (EIC).

Roth CH Acquisition IV Co., a publicly traded unique objective acquisition company, has actually revealed the completion of its service combination with Tigo Energy on May 24.

Investment in solar power is anticipated to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA stated in a report Thursday.

Net profits of current issue will be purchased 160MW of PV with collocated battery projects in California

Italy brought online 1,058 MW of solar photovoltaic or pv (PV) parks in the very first quarter of 2023, getting to a cumulative set up capacity of over 26,100 MW, reveals data released by the domestic solar power association Italia Solare.

Norwegian state-owned utility Statkraft AS on Tuesday posted a 2.7% year-on-year increase in underlying operating earnings (EBIT) for the period January-March 2023.

Chinese solar module manufacturer JinkoSolar Holding Co Ltd (NYSE: JKS) made a couple of news on Wednesday in relation to its majority-owned principal operating subsidiary, including an enormous financial investment plan of CNY 56 billion (USD 7.94 bn/EUR 7.38 bn).