News

Midsummer Gets EU Grant to Build 200-MW CIGS Factory
Midsummer AB has been awarded an EU grant of EUR 32 million to build a 200-MW CIGS solar cell factory in Sweden. The CIGS solar cells are lightweight, flexible and able to be installed on lightweight roofs. The project is expected to solidify Midsummer AB's foothold in the European solar market.
Jul 18, 2023 // Manufacturing News, Sweden, Europe, solar cell, Midsummer AB, CIGS Factory
Akuo Powers Up O'MEGA1 Bis Floating Solar Project
Akuo recently inaugurated O'MEGA 1 Bis, a 22MW extension of the power plant creating a plethora of new opportunities for local communities. With the extension already generating 25,500GWh of electricity and a successful crowdfunding initiative, the project also serves as an initiative for local agriculture.
Jul 18, 2023 // Plants, Large-Scale, Commercial, Floating PV, France, Europe, akuo, floating solar project
Globeleq Acquires 75% of Mozambique Solar Plant
Globeleq has agreed to acquire a 75% stake in Mozambique's 41 MW Mocuba solar plant, showcasing its commitment to African power production. The company is also in the process of commissioning two additional projects with a total capacity of 400 MW.
Jul 18, 2023 // Plants, Large-Scale, Commercial, Africa, Mozambique, PV Power Plant, Globeleq
3GW Solar Factory in Netherlands Launched by MCPV
MCPV announces plans to build 3 GW solar cell and module factory in Netherlands, with SolarNL receiving €412 million in grants and loans for the project. Factory will employ heterojunction cell technology for up to 26.5% efficiency, and tandem perovskite-silicon modules for over 30% efficiency. Expected to start operations in 2021, with the capacity expanding to 3 GW by 2026.
Jul 18, 2023 // Manufacturing News, Europe, solar cell, Netherlands, solar module, MCPV
Bifacial Perovskite: Revolutionizing Renewable Energy
Discover how innovative bifacial perovskite solar cells could revolutionize the renewable energy landscape, delivering higher efficiency at reduced costs with potential for 10-20% more power generation than monofacial modules. Research funded by the US DOE.
Jul 18, 2023 // Technology, USA, NREL, solar cell, perovskite, North America
Forestalia Secures Pre-Construction Financing for 767 MW Renewables
Forestalia secures EUR 65 million from IKAV Group to construct 19 wind and solar projects in Aragon, Spain. Banco de Sabadell structures pre-construction debt for major equipment and construction expenses. Forestalia targets 1.2GW of direct operations in the next few years.
Jul 17, 2023 // Markets & Finance News, Spain, Europe, Forestalia, IKAV Group, wind and solar project
$2.2B Financed for Saudi's Largest Solar Project
Financing for Al-Shuaibah 1 & 2 solar projects secured by ACWA Power at SR8.3 billion. Investment to power 350,000 homes in Saudi Arabia to support Vision 2030 energy goals. Consortium of local, regional, international banks to provide SR6.1 billion in senior debt & SR4.4 billion US-dollar commercial facility. Project to begin commercial operations by Q4 2025.
Jul 17, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Saudi Arabia, Asia, ACWA Power, PV Power Plant, Solar Project
Alberta Solar Projects Get $160M Boost
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.
Jul 17, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, alberta, Solar Project
Boost Perovskite Efficiency: Reduce Defects
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.
Jul 17, 2023 // Technology, solar cell, perovskite, efficiency
First Solar Inks 5GW Deal with Energix
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.
Jul 17, 2023 // Manufacturing News, Markets & Finance News, First Solar, solar module, Energix
Cleantech Solar Ignites 3.4 MW Rooftop Solar in Malaysia
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.
Jul 17, 2023 // Rooftop PV, Malaysia, Asia, Cleantech Solar
Orix Bank to Secure $2.89 Billion for Renewables Investing
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.
Jul 17, 2023 // Markets & Finance News, Japan, Asia, Orix Bank
Moon-Powered Solar: Harnessing Clean Energy from Space
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.
Jul 14, 2023 // Technology, ESA, SOLARIS
Dual-Tower Dream: China's 100 MW CSP Project
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.
Jul 14, 2023 // Plants, China, Asia, PV Power Plant
FREYR Bags EUR 100m for Norway Gigafactory
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.
Jul 14, 2023 // Markets & Finance News, Europe, Norway, Freyr