News

Canada's federal government has announced a C$160-million grant to fund nine solar projects in Alberta, creating employment, reducing emissions, and providing energy for 12,000 homes. Indigenous, farming and energy industry partners come together to promote harmony and collaboration with SREPs program.

Researchers propose strategy to reduce defects and improve performance of inverted perovskite solar cells. The team achieved an efficiency of 25.1% and maintained 97.4% and 98.2% of their initial power conversion after 1,800 and 1,000 hours. Adaptable for improved efficiency and stability of other perovskite materials.

First Solar has agreed to supply 5GW (dc) of its thin-film solar modules to Energix Renewables for projects in Israel, Poland, and the US, with First Solar Recycling Services managing end-of-life handling. First Solar is investing $1.5bn to expand their US manufacturing and R&D innovation centre by 2026.

Cleantech Solar has recently commissioned a 3.4 MWp rooftop solar PV system for the manufacturing unit of Konica Minolta Business Technologies (Malaysia) Sdn. Bhd. in Malacca, Malaysia. The project is set to generate 66 GWh of clean energy and reduce emissions by 52 kilotonnes, helping Konica Minolta reach their 2050 renewable energy goals.

Orix Bank is providing $2.89 billion in funding for renewable energy and logistics projects this fiscal year, with a goal of 1% return on assets through debt securitization. Leveraging the ESG investment trend, the bank seeks to capitalize on the rising renewables sector.

ESA's SOLARIS project investigates the feasibility of space-based solar power to provide clean energy on Earth. Swiss Astrostrom designed the Greater Earth-Lunar Power Station with 23 megawatts of energy for lunar surface operations. Discover the project's findings and implications for terrestrial power alternatives with ESA's Discovery programme.

Three Gorges Renewables is building the world's first full-scale commercially tested dual-tower CSP project in Guazhou, Gansu Province. With an investment of 4.93 billion yuan, a 100MW molten salt technology will generate solar, photovoltaic and wind power. Construction to be completed in 2023.

FREYR Battery (NYSE:FREY) has been awarded a €100 million grant from the European Commission’s Innovation Fund to build a Giga Arctic factory in Norway. Tom Einar Jensen, CEO, expressed his excitement for the project, which will help unlock GWh scale capacity for next generation battery production. Construction begins in June 2022.

Heelstone Renewable Energy LLC closes tax equity investment with Advantage Capital to fund four utility-scale solar projects with a combined capacity of 320 MW DC in Georgia, expected to power over 55,000 homes annually in late 2023 or early 2024.

Empower Energies Inc. secured five distributed generation photovoltaic (PV) projects totaling 35.3 MW in upstate New York. With over 200 MW of completed clean energy projects and 1 GW in development, Empower is leading the transition to renewable energy in the region.

POWGEX-HYFI and BioPower announce an opportunity to build up to 30 GW of solar power plants in South Africa’s Mpumalanga province, with the initial capacity starting in 2024 and an estimated project cost of USD 2.5 billion. Lead financial adviser Signet Capital arranges a USD-450-million private placement.

New method developed by EPFL, University of Toronto and University of Kentucky enables perovskite solar cells to be more durable and efficient under high temperatures and humidity. Quasi-steady-state power-conversion efficiency of 24.09% achieved. Could bring us closer to large-scale deployment of this photovoltaic tech.

Waaree Renewable Technologies Ltd has switched on a 87.5-MW/122.5-MWp solar power plant in Madhya Pradesh, producing 349 million kWh annually. This 651 acre facility is part of a larger 150-MW/210-MWp project, with a 25-year contract. O&M for 2 years included.

Eku Energy and Renera Energy have signed an agreement granting 1GW of battery project rights to Eku Energy in Italy. The agreement will help Italy reach its 2030 renewable energy target of 65%. Eku and Renera will collaborate to deliver secure and reliable energy storage solutions. Italy is expected to become the 3rd largest energy storage market by 2030.

L&G NTR Clean Power (Europe) Fund partners with NordLB to finance 3 Spanish solar projects, supplying power for 51,424 homes. Additionally, the Fund acquires a 6-turbine onshore wind project in Narbonne, France, with power for 5500 households. Working with LGIM to accelerate energy transition in Europe.