Solar Markets & Finance News

Dresden, Germany-based Solarwatt GmbH is celebrating its 30th anniversary, making it one of the globe's earliest manufacturers of solar modules.

Danish renewables designer Eurowind Energy A/S has set up a new competence centre for biogas to complement the existing ones for solar photovoltaic (PV), wind energy and Power-to-X (PtX).

Netherlands-based lasting energy business MPC Energy Solutions NV (OSE: MPCES) stated on Monday that it has actually signed a long-term power purchase agreement (PPA) in Guatemala that will certainly sustain its 65-MWp solar PV project and allow its entrance right into the regional market.

The United States Department of Energy (DOE) on Friday revealed the beginning of building deal with a high-temperature concentrating solar power (CSP) pilot facility referred to as the culmination of a USD-100-million (EUR 93.2 m) research study effort released in 2017.

Altus Power Inc (NYSE:AMPS) has completed the purchase of a 220-MW solar portfolio from funds managed by True Green Capital Management LLC (TGC) for about USD 293 million. This acquisition bolsters Altus Power’s existing portfolio of solar and storage assets to 690 MW across 24 states.

Solar maker SolarSpace has announced a long-lasting alliance with the insurance provider, PAIC (Ping An Insurance (Group) Company of China Ltd.) as well as Ariel Re of Lloyd's of London, a reinsurer establishment, will provide 25-30 years of power loss payment obligation insurance solution for the module products of SolarSpace.

Solar energy capacity across nation is mounted at 63.8 GW as well as wind power is about to touch 42 GW. India's total installed power capacity is 411 GW and the share of fossil fuel based power generation that includes coal, diesel, gas as well as lignite is more than 236 GW.

The European Commission has actually accepted a EUR 259 million Romanian scheme to support financial investments in the production, assembly as well as recycling of batteries, of photovoltaic cells as well as of panels in Romania The aid aims at green change of Romania and the EU.

bp will bring fast charging infrastructure to Hertz locations in significant cities of the US. A number of the fast-charging installments will certainly include large-scale gigahub locations. Worldwide power empire British Petroleum or bp has announced its fresh plans to invest $1 billion right into electric vehicle (EV) charge points across the USA. bp said that it will bring fast charging infrastructure to Hertz locations in significant cities of the United States by 2030.

Macquarie Asset Management is seeking to offer a 450-MW portfolio of solar projects in India in a manage an equity value of some USD 250 million (EUR 235.1 m), The Mint reports.

McDonald’s Corp and Lightsource bp have signed a power purchase agreement (PPA) to construct a 145-MW AC/180 MW DC solar park in Louisiana. The photovoltaic (PV) farm will generate enough electricity to power 630 McDonald’s restaurants and meet the demand of 30,700 local homes.

The US Department of Energy (DOE) has awarded USD 3.2 million (EUR 3m) to Solar MEAD, a project aimed at replacing fossil fuels with focused solar thermal (CST) energy in cement clinker production.

The Inflation Reduction Act will ultimately boost household solar, yet macroeconomic conditions endanger temporary development.

European Commission approves Romania's state aid of EUR 259m for batteries, solar photovoltaic (PV) cells and panels, partially financed through Recovery and Resilience Facility (RRF).

PPC Renewables, a subsidiary of Greek power utility PPC SA, buys a 46-MW portfolio of wind and solar photovoltaic parks in Greece from Piraeus Equity Partners.