Solar Markets & Finance News

Polish solar products as well as modern technology provider Keno Group has set foot on the Romanian market with the opening of a regional branch in the Balkan nation, it revealed last week.

US artificial intelligence (AI)-enabled concentrated solar professional Heliogen Inc (NYSE: HLGN) has declined a USD-78.3-million (EUR 71.0 m) takeover bid from Continuum Renewables Inc, defining it as under-priced.

OCI Solar Power, part of South Korean power and also chemicals firm OCI Co Ltd (KRX:010060), has actually sold a 110-MW ready-to-build solar project in Texas to Japan's Mitsui & Co (TYO:8031).

German wind and also solar park driver Encavis AG (ETR: CAP) unveiled the purchase of 2 ready-to-build solar park projects in west-central Italy with an integrated capacity of 93 MW.

Sunergy Renewables, LLC, a Florida, USA-based household setup business, and Esgen Acquisition Corp. have gotten to an agreement for a merger.

Projects could produce enough energy to power 100 million homes Obstacles connecting to grids viewed as danger to development

Proposal would ask for procurement of 15,000 megawatts Existing rounds ought to be sped up and also launched by end May

$ 123m package includes loans of approximately $36m from the EBRD as well as $14.6 m from the OPEC Fund

The collaboration will certainly support greater than 80 distributed solar PV projects amounting to 500 MW in America. The program will additionally be moneyed with Google's purchase of a novel renewable energy credit (REC) called the ImpactREC.

The sold off solar power project lies in Hill County, Texas called 'Three W Solar.' The two firms collaborated last February for utility-scale solar power projects in Texas.

The company notifies that with included generator connection as well as control functions, the inverter works as a totally independent power centre to fulfill the specific requirements southern African domestic and also C&I markets, where power outages have actually become an everyday routine. Solar inverter maker Ginlong (Solis) Technologies, is readied to launch its new S6 Advanced Power Hybrid Inverter, specifically for South Africa. It will be revealed at the Solar Show Africa 2023 in Johannesburg from April 25 to 26.

Germany connected 943.7 MW of new solar installations to the power grid in March as well as deployed 298.4 MW of new onshore wind capacity, according to data released by the Federal Network Agency.

The output of solar cells stood at 318 GW throughout 2022, with a regular monthly average output of 26.5 GW, and the average capacity utilisation rate was 56.18%. In 2023, the complete output is expected to be 512.7 GW, with a regular monthly standard of 42 GW.

Pan-African banks the African Export-Import Bank (Afreximbank) has actually devoted EUR56 million in the direction of a rural electrification initiative in Cameroon.

EBRD leads syndicate of IFC, Intesa Sanpaolo Bank Albania, Privredna Banka Zagreb in co-financing Karavasta solar plant in Albania First big utility-scale solar PV plant in the country Financial investment stems from EBRD Renewable Energy Auctions Programme