News

Lucky Cement has taken a giant leap in environmental sustainability, building Pakistan's first n-type photovoltaic (PV) power plant. By reducing energy costs and fossil energy usage, Lucky Cement is blazing a trail for other industries to follow and help Pakistan take a step towards renewable energy independence.

Aisin Corp, a Japanese automotive parts supplier, has partnered with Greenalia to reserve 50 MW of energy from Texas' Misae II solar project. Greenalia will generate 130 GWh of electricity annually for Aisin's North American unit, 18% of the project's capacity. Misae II is expected to be operational by late 2025 and could expand up to 695 MWdc.

Axpo Holding AG, a Swiss power producer, is aiming to revolutionize Italian energy production with 10 GW of solar PV capacity across Europe. Projects include a 3 MW facility supplying Novelis' factory in Lombardy and a 13 MW agrivoltaic park in Calabria. Get ready for a greener future in Italy!

The US Treasury and IRS propose rules for new Advanced Manufacturing Production Credit under IRA, incentivising clean energy components like solar & wind energy, batteries, and critical minerals. SEIA & ACORE praised the Credit, however NMA criticise it for not providing enough incentive. Public comment open for 60 days.

Westbridge has sold its 230-MW Georgetown solar project to Mytilineos SA, marking the Greek industrial group's entry into the Canadian renewables market. The CAD 47.6 million deal marks the start of an agreement for the sale and purchase of a 1,410-MWdc portfolio.

TotalEnergies is building a 216-MW solar-battery hybrid system, producing over 400 GWh of clean electricity, in South Africa's Northern Cape province. Set to become operational in 2025, the project will ensure a continuous supply of green electricity for local utility Eskom.

This breakthrough in SHJ solar cell technology could revolutionize solar power: Researchers have developed cells with record-breaking power-conversion efficiencies of up to 26.4%, using cost-effective fabrication techniques for large-scale deployment. Let's make solar power a reality!

X-Elio secures €35m from Bankinter to develop, operate and maintain three projects totaling 67 MW in Spain, furthering the company's commitment to addressing climate needs.

Revolutionary new technology for producing green hydrogen cheaper & more efficiently developed by IIT & BeDimensional S.p.A. using small ruthenium particles & solar-powered water electrolysis. Ruthenium costs 40 mg/kW - competitive & long-operating life. Up-scaled electrolysers powered by renewable energy sources will be next!

The Sri Lankan government has approved a 700-MW floating solar park with 1.5 GWh battery storage, providing 1,100 GWh of renewable energy annually and investing USD 1.72 billion. An environmental milestone, this project will revolutionize the energy sector of Kilinochchi.

Daqo New Energy Corp. unveils USD 2.1bn investment plan in Xinjiang, China for a industrial park to produce silicon-based materials. The ambitious project includes two phases of development with a total of 300,000 tonnes of polysilicon and 2.2 million pieces of silicon seed rod.

Aggreko, a world-leading power solutions provider, has purchased nine community solar projects in New York with a combined capacity of 59MW, with the first site already switched on, and the rest to follow in 2021. Tax equity financing from an institutional investor will help make the transaction possible.

BCPG is selling its entire solar portfolio in Japan to Danish investor Obton, comprising 104MW of operational plants and 13MW of projects, valued at THB 10.38 billion. The deal is expected to close in the first quarter of 2021.

Octopus Energy and Nexta Capital Partners join forces for a new joint venture in Italy's energy storage market. The venture is expected to develop up to 1.5GW of energy storage systems, helping the country achieve its decarbonisation goals by 2030. Octopus Energy is also investing €1bn into the venture.

MET Group's Puerto Real 3 solar park in Spain has reached commercial operations- 50MW of energy produced from over 88,000 solar panels, located in Andalusia with its high solar irradiation levels. MET Group acquired the project in 2022 and has been in Spain for more than seven years with 400MW in operation.