News

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.

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.

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.

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.

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.

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.

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.

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.