News

Global new investment in renewable energy skyrocketed to $358 billion in the first six months of 2023, a 22% rise compared to the start of last year and an all-time high for any six-month period. This is based on the latest investment data from BloombergNEF’s 2H 2023 Renewable Energy Investment Tracker report, published on August 21, 2023.

Growatt unveils new MID 33-50KTL3-X2 inverter, designed to offer optimal energy conversion with efficiency of 98.8%, featuring 3/4 Maximum Power Point Trackers (MPPTs), 6/8 strings per inverter, and more. Reducing size and weight by 60%, the MID X2 series boosts DC/AC ratio and lower Levelized Cost of Energy (LCOE).

PAD RES secures €54 million investment from Polish Development Fund for two solar farms in Pomeranian Voivodeship with 117 MW capacity, 140 hectares coverage. Electrum chosen as general contractor to strengthen market position for energy transition in Poland.

European Energy is set to build a 115MW solar farm in Broceni, Latvia. Generating 120,000MWh of renewable electricity annually, this project will lead to reduced electricity and heating costs for citizens, helping Latvia transition to a greener economy. European Energy's portfolio of 1.5GW of renewable energy projects in Latvia shows their commitment to sustainability.

ACWA Power has reached financial close on two solar projects in Saudi Arabia with a combined capacity of 2.6GW. Investment totals US$2.37bn and commercial operations will begin in 2025, providing clean renewable energy as part of Saudi's National Renewable Energy Program.

Sekisui Chemical is investing $68 million to mass produce perovskite solar cells (PSCs) with 10-year durability and 15% efficiency. Japanese gov't is supporting this cutting edge tech to install in public facilities.

Power Roll has secured an investment of £1 million to expand their patentedMicrogrooves technology andcommercialize their affordable and efficient flexible solar film worldwide. Their solar film can produce cost-effective electricity for a variety of applications.

Clenera LLC, a subsidiary of Israeli renewables developer Enlight Renewable Energy Ltd, announced their 105-MW DC Apex Solar project in Montana is now online. Producing enough energy to cover 13,500 households, it is the first joint project between Clenera and Enlight, financed by Bank of America, NORD/LB, and Huntington National Bank. Clenera is developing more projects in Montana.

Harvard researchers have developed a novel liquid-based encapsulation platform offering water protection without sacrificing the properties of contained materials. Features include flexibility, optical transparency, and self-healing - perfect for devices like solar cells and bioelectronics.

KAUST and LONGi sign MoU to foster innovation in solar energy, leveraging expertise and resources to advance technologies, develop materials, optimize performance, and promote talent development. Helping to address climate change and the Kingdom of Saudi Arabia's Vision 2030.

US Commerce Department's 17-month probe is set to rule on trade practices related to Chinese-made solar equipment. Sanctions could include antidumping and countervailing duties up to 254% next June, impacting US clean energy growth and job opportunities. Ruling may also affect domestic manufacturers and treatment of silicon wafers used for solar cells and modules.

Greenbacker Renewable Energy Company LLC secures USD 75 million to expand investments in solar, solar-plus-storage and stand-alone energy storage projects. Expansion to USD 250 million possible. Latest project is a 30-MW/120-MWh battery energy storage system in California.

Alinta Energy to construct 100-MW battery energy storage facility in WA to stabilise power grid. Works to commence immediately, 800-MWh second stage to be completed by late 2024. Synergy is also constructing WA's first utility-scale energy storage facility.

Leeward Renewable Energy LLC has launched its 100-MW Oak Trail solar project in North Carolina. Discover the PV park near Mayock in Currituck County, financed with a USD 420 million green loan plus a USD-195-million tax equity commitment from Wells Fargo. Plus, the native vegetation and wildflowers pollinator habitat.

Enel SpA's plan to sell a 50% stake in its Australian renewable energy business to Inpex Corp has been approved by the European Commission. The deal is worth EUR 400 million, with EUR 140 million in debt. Enel Green Power Australia currently operates three solar farms and is building 170 MW of wind and solar parks. This sale is part of Enel's strategy to reduce net debt in 2023-2025.