News

The heavily-indebted, Chinese state-owned solar project developer now has ten days to rustle up $242 million after a debt restructuring proposal was accepted by less than a third of its creditors.

Waaree Energies Limited (WEL), which had emerged as the sole bidder in the much postponed tender for 184 mw of solar power in Maharashtra can finally get started on the project. This follows the approval of its bid of Rs 3.05 per unit under the tender by the Maharashtra Electricity Regulatory Commission (MERC).

NEC Energy Solutions has announced that it will provide 100 MW of energy storage in Northern Ireland for the Gore Street Energy Storage Fund (GSF).

The International Energy Agency (IEA) in partnership with NITI Aayog has recently released its first in-depth review of India’s energy policies.

The Indore Development Limited (ISCDL) has issued a tender seeking consultant for 100 MW solar plants at various locations.

NTPC Ltd has issued a tender for undertaking the O&M services for its 50 MW solar power project in Madhya Pradesh for a period of 1 year.

SECI has issued an RfS for the selection of SPDs for setting up of 4 MW floating solar project with a 2 MW/1MWh BESS at the Kalpong Dam in North Andaman.

China’s Sungrow Power Supply Co Ltd (SHE:300274) on Tuesday announced two contracts to supply residential, commercial and industrial inverter solutions for projects in Dubai, the United Arab Emirates and Egypt with a total capacity of 200 MW.

Altus Power America Inc on Tuesday said it has secured USD 850 million (EUR 765m) of funded and committed capital that would help it expand its portfolio of commercial and industrial solar assets to over USD 1 billion.

Sunverge, the provider of Distributed Energy Resource (DER) control and aggregation platform, announced a strategic alliance with LG Electronics, a global leader in smart appliances and renewable energy technology.

The New Jersey General Assembly and Senate passed legislation that clarifies the Board of Public Utilities’ (BPU) authority under the Clean Energy Act. The identical bills authorize the BPU to rollover unused funding to the following year when calculating the cost caps. This measure would ease current constraints found under the program’s year-to-year cost caps.

Calyxo, a German cadmium telluride solar module manufacturer, has filed for insolvency for the second time, despite the recent emergence of new prospective investors. Meanwhile, Crystalsol – an Austrian flexible solar panel maker – has also initiated insolvency proceedings, due to losses of roughly €7 million.

The largest monocrystalline wafer producer, LONGi Green Energy Technology Co has signed a two-year wafer supply deal with Chinese solar cell producer, Jiangsu Runyang Yueda Photovoltaic Technology Co (Runergy) worth approximately US$1.5 billion (RMB 10.34 billion).

The Brazilian renewable energy subsidiary of power giant Enel Group has brought online a 475MW bifacial solar project in Brazil’s northeastern state of Piauí.

JLC Infrastructure has announced a successful acquisition of Greenskies Renewable Energy – a utility and commercial PV system developer.