News

Varco Energy secures £58 million in debt financing from NatWest to fund two 114MW Battery Energy Storage Systems in the UK. The projects will support UK's transition to net zero emissions, providing stability and load shifting services to the National Grid.

Solarvest has achieved a milestone by acquiring 11 rooftop solar photovoltaic installation projects located in Vietnam, with a combined capacity of 12.8MWp. The expansion plan provides additional income and job opportunities and is expected to strengthen the company's position in the region. Davis Chong Chun Shiong is delighted at the progress made in Solarvest's expansion efforts.

First Solar is advocating for trade enforcement as module prices reach record lows. Biden's duties on Chinese imports and US Inflation Reduction Act's new incentives could help strengthen US solar manufacturing. First Solar calls for a level playing field for fair competition.

Maxeon Solar Technologies announces purchase of SolarCA including their dealer channel operations and patent portfolio. This acquisition enables Maxeon to market their IBC solar panels in the US with a comprehensive nationwide dealer channel. Transaction to close 3rd quarter 2019.

First Solar has broken ground on a record-breaking $1.1bn PV panel manufacturing facility in Louisiana. The facility, expected to start commercial shipments by the first half of 2026, will create 500 construction jobs and increase the company's nameplate manufacturing capacity by 3500MW.

Xylem and Lorentz partner to bring solar-powered and solar/grid hybrid pumping solutions to global customers, enabling water managers to meet decarbonisation goals while reducing costs. Not available in Australia.

RWE is investing EUR 24 million in a battery storage project in Eemshaven, the Netherlands, with an installed power capacity of 35 MW and a storage capacity of 41 MWh. The project is an important step towards integrating wind energy into the Dutch energy system and further expands RWE's advanced battery storage portfolio.

CNGR Advanced Material and Al Mada have announced plans to set up a $2 billion industrial hub in Morocco for EV battery production with an annual capacity of 1 million vehicles. Strategic initiatives by Huayou & Gotion High-Tech result in a combined $26.3 billion investment in Morocco's automotive sector.

Enfinity Global has recently acquired solar assets in Colorado, producing enough to power 57,000 US households. $380 million raised to continue renewable energy development.

Green Genius to build two solar power plants in Lithuania and Latvia with combined capacity of 200 MW. €179m investment to help decentralise energy sources and strengthen energy independence. Construction planned to start in 2024 and be operational in 2025.

Discover how Fraunhofer Institute for Solar Energy Systems ISE achieved a record open circuit voltage of >2.8 V in their perovskite-based triple-junction solar cell. Understand how optimizations in interlayers and gas quenching methods enabled this success and how this could lead to more efficient solar energy generation in the future.

Yotta Energy closed an USD-8-million fundraising round to expand its solar power and energy storage solutions, led by Evergy Ventures and strategic investors BlueScope, Cricetus Felix Ventures, Copec WIND Ventures and EDP Ventures. Funds to expand manufacturing and deploy battery technology. Yotta Energy solutions incorporate solar, energy and EV charging technology into commercial buildings.

Mytilineos completed construction of an asset two months ahead of schedule and has successfully energised the plant - showcasing their exceptional engineering capabilities and commitment to timely delivery.

TotalEnergies is providing Saint-Gobain with clean energy from 100 MW of its 400 MW solar project in Texas, reducing emissions by 90,000 tonnes annually. This is the third PPA for Saint-Gobain in North America, helping reach its goal of carbon neutrality by 2050.

EDF Renewables UK expands its commercial and industrial presence with the acquisition of SAS Energy, a British solar installer. SAS Energy owns a portfolio of 45 projects in development and under construction, and EDF will now offer financed and capital-funded projects in the solar, electric vehicle, and battery storage sectors.