News

ERG, an Italian IPP, acquires 73.2MW portfolio of wind and solar projects in France with an enterprise value of €86 million. Contract-for-difference and PPA benefit, plus 674MW capacity in Europe, creating 20% from photovoltaic energy. Closing by Jan 2024.

Dominion divests another large PV plant in Spain, taking its total divestment to over EUR 200 million. Invest in the future of renewable energy!

GCL Group Holdings is revolutionizing solar energy with the world's biggest perovskite solar cell factory, boasting a 2GW capacity and up to 26% photoelectric conversion efficiency. The panels have already been tested in space with the successful launch of Landspace's ZQ-2 II.

Neoen has started construction of the largest battery in the Nordics, the Yllikkälä Power Reserve Two, to provide Fingrid with fast-response ancillary services and support Lappeenranta's ambition to become a leader in renewable energy. The 54MW/112.9MWh battery is expected to be operational in 2025.

LONGi and Nofar Energy Romania have reached an agreement for a 576MW PV project in Romania, with Hi-MO 7 modules and ESG-compliant financing from a leading banking corporation. Mirel Jarnea and Favi Stelian are excited for the progress and future of sustainable energy in Romania.

TAILG's new sodium-ion battery technology revolutionizes electric two-wheelers with extended warranties, long-range capabilities, superior low-temperature resistance and enhanced safety. Get the latest now, available in China!

DMEGC Magnetics Co Ltd introduces two cutting-edge module series for residential and power plant sectors. TOPCon cells with up to 25.5% efficiency, 430-620W power range, PFAS-free, RoHS/REACH-certified and IEC TS 63209-1:2021 compliant. 100% renewable energy-powered modules available worldwide.

SKY Perfect JSAT is launching its "Solar Meilleur" service in Europe to help solar power plants predict solar radiation & generate yield forecasts using weather satellite data & AI-supported devices. "Solar TAMAGO" will help traders in Europe take advantage of short-term solar power trading opportunities.

On.Energy has secured $40 million in funding to launch an 80MWh battery energy storage portfolio in Texas. This portfolio will support the ERCOT grid and is set to be commissioned in 2024. On.Energy is working on a 1GWh pipeline of energy storage systems to be operational by 2025.

Masdar to invest USD 4 billion in Uzbekistan for 2 GW wind farm and 1.15 GWh of storage capacity, enough to power 1 million homes. A further 1.4 GW of solar and wind projects also to be connected to the power grid.

Egypt and China have signed an MoU to develop a massive 10GW solar project, promising 29,784GWh of clean energy and a transformative USD1bn savings in natural gas expenses. This will support Egypt's Green Corridor Initiative, helping it reach 42% renewables by 2030.

First Solar is selling up to $700 million of 45X Advanced Manufacturing Production tax credits to Fiserv to become a clean-energy leader and reduce reliance on Chinese-made components. $0.96 of credits per $1 of tax will be received in 2024.

Globeleq acquires majority stake in Mozambique's Mocuba solar PV power farm, part of a 400MW African portfolio. Temane gas-to-power & Namaacha wind projects to reach financial close & commercial operations in 2024.

Rubis Photosol secures EUR 60 million loan from Bpifrance, BRED Banque Populaire and CIC for 8 solar projects, ranging 2MW-20MW. Two projects in Bellac and Mainzac will supply energy to Leroy Merlin. Construction underway, with Rubis Photosol managing operations and maintenance.

Statkraft is investing EUR 30 million in El Rancho, a 42.2-MW solar farm in Andalusia, Spain. This massive project will generate enough clean energy to power 30,000 homes annually, taking Statkraft's total investments in the region to a staggering EUR 500 million.