Solar Markets & Finance News

Ikea puts aside €200m for carbon-positive vision

The furniture brand has touted its plan for a sustainable future before. Now, ahead of the COP25 climate change conference, Ikea says it will spend €200 million improving raw material sourcing and realizing 100% clean energy supply for its production operations.

Nov 27, 2019 // Markets & Finance News, Sweden, Europe, ikea, Torbjörn Lööf

Indonesia goes solar to power airport at future capital

A subsidiary of French power giant Total has signed a contract to supply rooftop PV to an airport in East Kalimantan province, which will be Indonesia's first airport to go solar and will cater for Indonesia's future capital in Borneo.

Nov 27, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Asia, Total, rooftop PV, Indonesia, sorsea, Gavin Adda

German court rules against SolarEdge in Huawei patent infringement case

Inverter manufacturer SolarEdge has been dealt a double blow after patent infringement proceedings brought against rival Huawei were thrown out and a European patent held by the firm was revoked.

Nov 27, 2019 // Manufacturing News, Markets & Finance News, Inverters, SolarEdge, inverter, Huawei, patent

£5.2m invested in Virtu hybrid solar project developed by Naked Energy

The amount of £5.2m has been raised during the latest fundraising round for Naked Energy’s solar thermal hybrid project. Most of the sum was invested by Earthworm, environmental fund management company, in conjunction with a co-investor – energy holding Taqa.

Nov 27, 2019 // Technology, Markets & Finance News, Thermal, USA, North America, Virtu, Naked Energy

EDF to boost foothold in Egyptian PV via KarmSolar stake buy

EDF Renewables and Egyptian developer and supplier of solar power KarmSolar have signed a strategic partnership, helping the former continue its expansion into the African state.

Nov 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, pv power plants, solar pv, Asia, Africa, Benban, Egypt, EDF Renewables, KarmSolar, Ahmed Zahran

Mitsubishi-led consortium to scoop up European energy major Eneco in €4.1bn deal

A consortium featuring Mitsubishi and Japanese utility Chubu is set to buy out European energy major Eneco as Mitsubishi targets further European growth.

Nov 26, 2019 // Markets & Finance News, Europe, Asia, Netherlands, mitsubishi, Eneco, shell, energy major, chubu, m&a

Grenergy seals 200MW solar supply agreement in Spain

Grenergy Renovables has penned a solar supply agreement with Spanish utility Galp, its first such agreement in the country.

Nov 26, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Galp, pv power plants, solar pv, Europe, Grenergy Renovables

EDF invests in Egypt’s solar technology and integration startup

France’s largest state-owned utility company has invested unrevealed finances into KarmSolar. The latter has installed a 165-megawatt solar pipeline throughout Egypt. The Egyptian startup supplies power to large-scale industrial, agricultural and commercial customers.

Nov 26, 2019 // Markets & Finance News, France, EDF, Europe, Asia, Africa, Egypt, KarmSolar

ACWA wins the tender for the 900-megawatt solar farm in Dubai

The solar field will become operational in Q2 of 2021. This is the project for deployment of phase five of the huge 5-gigawatt Mohammed bin Rashid Al Maktoum solar farm.

Nov 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Solar to Fuel, Asia, United Arab Emirates, acwa, Mohammed bin Rashid Al Maktoum, Solar to Fuel, Solar to Hydrogen, Producing Hydrogen, Hydrogen from renewable, Renewable fuels

Facebook purchases 61.6MW of solar power for its operations in Virginia

Facebook has signed a PPA with Apex Clean Energy, Virginia-based renewable energy developer, for 61.6 megawatts of Altavista Solar. The solar farm, scheduled to start operations next year, will be the first solar facility in Campbell County.

Nov 22, 2019 // Markets & Finance News, USA, Apex Clean Energy, Virginia, North America, Facebook

Genex gets debt financing for the construction of Jemalong solar park

Genex Power, ASX-listed power generation development company, has secured US$117m of investment for financing a new venture and refinancing an existing facility, both located in Australia, with 50 megawatts of capacity each.

Nov 22, 2019 // Markets & Finance News, UTILITY-SCALE SOLAR, Australia, Oceania, investment, finance, Genex Power, refinancing

Australian billionaires back an Australia-Singapore power supply gigaproject

Two famous billionaires from Australia have been announced to invest dozens of millions of dollars in a development of a 10-gigawatt solar park with 20-30-gigawatt-hours of battery storage, with power supply destination in Singapore.

Nov 22, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Australia, Oceania, Andrew Forrest, Mike Cannon-Brooks, Sun Cable

BayWa r.e. continues Asia-Pacific expansion and has launched a new solar system distribution business in the Philippines

German project developer for renewable energies BayWa r.e. Renewable Energy GmbH has launched a new solar systems distribution business in Makati City, the Philippines.

Nov 21, 2019 // Markets & Finance News, Rooftop PV, Germany, Europe, Asia, Philippines, BayWa r.e. Renewable Energy, Daniel Gäfke

AfDB, GCF sign deal to repower hydro-reliant Zambia with small-scale solar

Deals have now been rubberstamped for Zambia to use small-scale solar to strengthen its climate-vulnerable power supply, in a scheme bankrolled by development financiers.

Nov 21, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, neoen, Africa, Scaling Solar, zambia, AfDB, gcf, enel, first solar

Innovative ‘light harvesting material’ will be produced at a new Swedish factory

Sweden-based solar maker Exeger is building a new factory to manufacture an advanced dye-sensitized material, which is supposed to allow solar-powered portable e-gadgets to operate infinitely with no need for battery recharge.

Nov 21, 2019 // Technology, Manufacturing News, Markets & Finance News, ABB, Sweden, Europe, Exeger

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