News
Trina Solar Sets Record 65GW 210mm Module Shipments
Experience increased production capacity with the opening of a new high-tech facility in 2021. The new plant will offer 10 GW cell production, 15 GW module production and 8 GW monocrystalline bar production.
Jul 3, 2023 // Manufacturing News, Markets & Finance News, China, Asia, Trina Solar
Angola Harnesses Solar Power for Rural Areas
Angola is set to develop photovoltaic electricity networks for rural areas with a EUR 1.3bn Standard Chartered Plc loan, bringing renewable energy to 203,000 households in 60 communities. Supported by German Export Credit Agency Euler Hermes, this project is a major step towards Angola's renewable energy transformation.
Jul 3, 2023 // Markets & Finance News, Africa, Angola
IIT Bombay Team Harnesses Tandem Device for Efficient, Stable Solar Cells
IIT Bombay team demonstrates a higher efficiency and greater stability in their solar cell tandem device, potentially leading to low lifetime costs for solar cells.
Jul 3, 2023 // Technology, solar cell, National Centre for Photovoltaic Research and Education, NCPRE
Tubesolar Files for Insolvency, Administrator Seeks M&A Solutions
Tubesolar AG, a flexible perovskite developer, has filed an application for insolvency proceedings and appointed an administrator to initiate a M&A process. With a EUR 4.68 million capital increase in 2022, the company is continuing operations with assured salaries for its 140 employees.
Jul 3, 2023 // Markets & Finance News, Tubesolar AG
GM Acquires Algolion to Spot EV Battery Fires
General Motors acquires Algolion, an Israel-based software startup developing software that can detect potential hazards in battery cells. Algolion's software uses data-streams to identify abnormalities in cell performance, and GM has created a new organization to lead the acquisition and scout out emerging battery technology.
Jul 3, 2023 // Transport, Asia, Israel, General Motors, Algolion
Aussie Govt: 930MW NSW Firming Tender
The Australian government has announced a Capacity Investment Scheme to increase renewables in New South Wales to 6 GW. The NSW Energy Roadmap's firming tender will increase from 380 MW to 930 MW and bids representing more than 3.3 GW have already been submitted. Final results announced by the end of September, with the next auction to be announced by October in South Australia and Victoria.
Jun 30, 2023 // Markets & Finance News, Australia, tender, Oceania
Onde Sells Solar Debut to Engie
Polish general contractor Onde SA has sold its first self-developed solar project, Cyranka, for PLN 75 million to Engie Zielona Energia. The 18 MW Gizycko 1 & 2 solar farms commenced operations this year, with Engie now owning & operating 4 wind farms & 69 small PV parks with 63 MW.
Jun 30, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Poland, Engie, Europe, PV Power Plant, Onde SA
Avaada Closes $1.3B Round for Green Energy Push
Avaada Energy has closed a USD 1.3bn funding round, the largest equity raise for a green energy firm in Asia. Canada's Brookfield Asset Management and Thai power company Global Power Synergy have invested significantly, to be used for green hydrogen, green methanol, green ammonia projects and more. Recent tenders won by the firm amount to 1.8 GW. Sustainable future ahead with Avaada.
Jun 30, 2023 // Markets & Finance News, India, Avaada Energy, Asia
Sunny Future: Bulgaria's 123MW Solar Plant
Eurohold Bulgaria AD's photovoltaic project, Verila, has become the largest solar power plant in Bulgaria with a capacity of 123 megawatts. 220,000 bifacial Tiger NEO TOPCon modules supplied by JinkoSolar are facilitating the country's transition to clean energy.
Jun 30, 2023 // Plants, Large-Scale, Commercial, Europe, PV Power Plant, Bulgaria, Eurohold Bulgaria AD
Toyota & EneCoat: Carbon-Neutral Automotive PSCs
EneCoat and Toyota Motor Corporation join forces to develop and commercialize highly efficient automotive perovskite solar cells to contribute to achieving carbon neutrality. Their joint venture seeks to advance renewable energy, self-sufficiency, and power generation efficiency.
Jun 30, 2023 // Technology, solar cells, perovskite, Toyota Motor, EneCoat
Scatec Reaches Financial Close on 273MW South African Solar
Scatec Solar has closed financing on 3 Grootfontein solar projects in South Africa with a combined capacity of 273MW. Construction to begin Q1 of 2024 and estimated to power 100,000 households. Financed by equity and $241m of project finance debt.
Jun 30, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Scatec, Africa, South Africa, PV Power Plant
UK Announces Lithium Mining in Cornwall
Imerys and British Lithium are partnering to mine battery-grade lithium carbonate in Cornwall. The venture could create 300 jobs and supply 500,000 electric cars with the component by 2030. Supported by UK government and Innovate UK, the project builds on Cornwall's mining heritage and could help secure the future of the car industry.
Jun 30, 2023 // Storage, UK, Europe, lithium
Meriaura to Build EUR-9m Solar Plant in Germany
Meriaura Oy wins EUR-9-mil contract to build a 29,000 gross square metre solar thermal plant in Germany for Bauer Holzenergie GmbH u. Co.KG. Meriaura Group's CEO aims to decarbonise European heating sector. Delivery and commissioning scheduled for 2021 & 2024.
Jun 29, 2023 // Plants, Germany, Europe, solar thermal plant, Meriaura
Sonnedix, Cox Launch 160-MW Chile Solar Plant
Sonnedix and Cox Energy have launched operations for their 160-MW Meseta de los Andes Solar Plant in Chile. Construction began in June 2021 and was completed in Spring 2023, with USD 120 million in financing provided by Sumitomo Mitsui Bank Corporation. Sonnedix has a strong presence in Chile, with 1.6 GW of renewable projects in development and 700 MW of capacity in operation.
Jun 29, 2023 // Plants, Sonnedix, PV Power Plant, cox energy
Matrix Acquires 284MW Solar Project in Texas
Matrix Renewables, a TPG-backed platform, has acquired the 284-MW DC Stillhouse Solar Project in Texas. The project will start construction in 2024 and 6 GW of renewable energy and storage projects are already in the US. Recently, Matrix commissioned a 142 MW DC solar and 80 MWh battery storage project in California.
Jun 29, 2023 // Plants, Large-Scale, Commercial, USA, North America, PV Power Plant, Matrix Renewables
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