Solar Markets & Finance News

The World Bank, with the project, offers to India $150 million IBRD loan, a $28 million Clean Technology Fund (CTF) loan and a $22 million CTF grant. The project will certainly support SECI with human resource as well as company planning, project monitoring, procurement, economic and also contract management, environmental and also social safeguards as well as economic management, among others.

The purchase is for EUR 560 million plus approximately EUR 20 million in contingent payments. Repsol thinks that the transaction will certainly aid it to become a global player in renewable energy and reinforces its placement in key markets within Europe.

Swedish technical trader Ahlsell, possessed by personal equity firm CVC Capital Partners, has sealed a deal to acquire neighborhood solar equipment wholeseller Solelgrossisten Sverige AB in a push to expand its offering of e-mobility, power storage space and also solar energy products.

Germany's Bundestag has actually accepted the introduction of a windfall levy on excessive earnings from renewable resource generation as part of a bundle of actions indicated to cap gas and also electrical power prices through April 2024.

French renewables company Voltalia SA (EPA: VLTSA), UAE's Masdar and a consortium of GD Power as well as Powerchina have actually been chosen in a tender in Uzbekistan to develop three solar parks in the Central Asian country with a combined capacity of 500 MW.

The projects have actually a combined set up capacity of 246MWp

Delhi's Greenzo Energy India prepares to invest USD 50 million in the construction of a 250 MW electrolyser manufacturing plant as well as the Balance of Plant (BoP) for creating green hydrogen at Sanand-II Industrial Estate, a division of Gujarat Industrial Development Corporation (GIDC), in Gujarat.

EPRI and also the Sacramento Municipal Utility District (SMUD) released a new collaborative project that aims to restore prairie land as well as pollinator habitat under solar arrays and also along various other portions of 20 acres of land at SMUD's Rancho Seco site in Sacramento County, California. The corrective power project is at the site of a decommissioned nuclear power plant and part of indigenous tribes' ancestral lands. It also supports SMUD's 2030 Zero Carbon Plan.

Tigo Energy introduced the procurement of FSIGHT, an energy data analytics software company based in Hod HaSharon, Israel. With FSIGHT, Tigo increases its ability to utilize energy usage and also manufacturing data for solar power producers, adding a powerful forecast platform that supplies abundant as well as workable system performance data, from the grid to the module level. The purchase was signed on Tuesday, November 29, 2022.

Facebook parent company Meta is commissioning seven new solar projects in Georgia and also Tennessee totaling 720 MWAC to support its regional operations with renewable energy.

The new inflow of funding will augment Enpal's refinancing commitments to a total amount of EUR1.4 billion. In addition to the new round of financing, the cumulative funding of Enpal stands at near EUR1.6 billion given that the mid of June 2018.

SCG has actually specified in its financial investment intends that it will be spending 100 billion baht or $2.89 billion until 2027 end in venues like renewable energy. Siam wishes to produce 3,000 MW of solar power by 2027 which is 15 times greater than the present capacity.

Egypt will certainly soon become a significant worldwide energy hub, according to the nation's elderly authority in the field. The nation inked countless projects in November that would certainly increase its current solar and wind power generation by over 55 GW.

Agreement will certainly see the Blue Jay plant in Texas supply the US logistics needs of fast food company

A consortium led by Dubai-based AMEA Power LLC has actually been granted a 120-MW solar project in the 6th round of a tender in South Africa.