News

The joint project between Tesvolt and Green Energy 3000 adds a 12 MWp solar farm near Braunschweig, Germany with two TPS-E storage containers and the ability to supply power to 5,000 households. This is among the winners of the innovation tender and will receive state funds.

ACEN has increased funding for the 133.5-MWp Cagayan North Solar Power project in the Philippines, part of a larger scheme planned to be operational in 2024. The new loan agreement will help build up the country's solar energy capacity and provide clean and renewable energy for the Philippines.

Shell-backed Daystar Power is expanding its operations into South Africa to provide alternative power systems as demand increases due to record power cuts. Daystar plans to build up to 120 megawatts of solar power with 400 megawatts across Africa by 2025, targeting large-scale, bankable commercial and industrial users. An office is also opening in Tanzania.

MCE has just added 1.6 MW of solar energy in California and is partnering with local developers to support its Feed-in Tariff program, creating quality jobs with family-sustaining wages and helping to meet California's 2045 carbon-free energy goal.

Pegasus Solar has unveiled SkipRail, a clamp that cuts down mounting needs for pitched roofs, saving installers time & materials while providing certified wind/snow load ratings of 160-mph & 40 psf. Now available from distributors nationwide.

Gridmatic has launched a $50m energy storage fund to manage up to 500MW of battery capacity in ERCOT and CAISO markets. With successful first tranche of $24.95m, Gridmatic's AI algorithms will optimise energy storage with up to 46% increase in revenue. Investors can now capitalise on energy market volatility without managing a battery project.

Researchers from Zhengzhou University and Chinese Academy of Sciences have developed a new lead capturing technique for perovskite solar cells to mitigate Pb leakage and shield from external invasion, providing insights into green and sustainable industrial processes.

Amprius Technologies introduces an ultra-high-power-high-energy lithium-ion battery with 10C discharge rate & 400Wh/kg energy density, offering increased flight range of up to 50%, faster charging & lower operating costs. Samples available in late 2023.

Luminous Energy achieves financial close on 28.5MW Bracon Ash Solar Farm in Norfolk, UK, providing £10k/year for community projects, 203% biodiversity gain & in line with Net Zero targets. Belectric to build & maintain. TLT, CMS, Fichtner & WTW advised.

QIA acquires 2.5% stake in Adani Green Energy Ltd. for INR 39 billion, through its subsidiary INQ Holding LLC. Adani Green has 8.1 GW of capacity in its operational fleet with a goal to reach 45 GW by 2022.

South African investment firm STANLIB has acquired a 51% stake in energy solutions provider Solareff Ltd and its electric vehicle charging infrastructure subsidiary GridCars, committing to fund ZAR 600 million in capex-free energy solutions. This move seeks to make a social and economic impact in South Africa.

Nucor, one of the US's largest steel product manufacturers, has just signed a 250 MW solar PPA with NextEra Energy Resources. The Sebree Solar project will bring USD 20 million in tax revenue to Kentucky and Nucor will also provide steel for a second solar site in Meade and Breckinridge counties. Construction begins this autumn with commissioning due in 2025.

Absa Group provides USD-24-million corporate loan to construct a 100-MW solar power plant in Ghana led by West Africa-focused PV developer Meinergy Technology Limited. This loan supports Ghana's renewable energy capacity & energy needs.

KFC Philippines is taking sustainability to the next level, with over 64 solar rooftops installed, generating 2,600,000 kWh annually and reducing CO2 emissions by 606,164 kg. 80 solar-powered branches planned by 2023, with parking lot solar panels and eco-friendly delivery.

Hungary is taking steps to boost economic growth and recovery, setting out plans to reduce investment costs and provide generous subsidies for renewable and green investments. Foreign Minister Peter Szijjarto said the government is committed to ensuring economic growth and green transition, but challenges remain.