News

Investment in solar power is anticipated to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA stated in a report Thursday.

May 25, 2023 // Markets & Finance News, IEA

Gresham House raises ₤ 50m to fund United States solar-storage spree

Net profits of current issue will be purchased 160MW of PV with collocated battery projects in California

May 25, 2023 // Markets & Finance News, Storage, USA, North America, Gresham House, Ben Guest, John Leggate

Global floating solar 'to pass 6GW by 2031'

Wood Mackenzie evaluation forecasts that 15 countries will each go beyond 500MW in eight years' time

May 25, 2023 // Plants, Floating PV, Wood Mackenzie

Residential solar growth boosts Italy's Q1 solar additions

Italy brought online 1,058 MW of solar photovoltaic or pv (PV) parks in the very first quarter of 2023, getting to a cumulative set up capacity of over 26,100 MW, reveals data released by the domestic solar power association Italia Solare.

May 25, 2023 // Residential, Markets & Finance News, Italy, Europe

Statkraft posts 2nd-highest quarterly EBIT result

Norwegian state-owned utility Statkraft AS on Tuesday posted a 2.7% year-on-year increase in underlying operating earnings (EBIT) for the period January-March 2023.

May 25, 2023 // Markets & Finance News, Statkraft

JinkoSolar strategies financial investment of almost USD 8bn in new Chinese factories

Chinese solar module manufacturer JinkoSolar Holding Co Ltd (NYSE: JKS) made a couple of news on Wednesday in relation to its majority-owned principal operating subsidiary, including an enormous financial investment plan of CNY 56 billion (USD 7.94 bn/EUR 7.38 bn).

May 25, 2023 // Manufacturing News, Markets & Finance News, China, JinkoSolar, Asia

Toyota signs 100-MW solar PPA in Kentucky with Savion

Toyota Motor North America Inc claimed today it has signed a virtual power purchase agreement (PPA) with United States solar programmer Savion LLC to offtake 100 MW of energy from the latter's Martin County Solar Project in Kentucky.

May 25, 2023 // Plants, Markets & Finance News, USA, Toyota, PPA, North America, Kentucky, Savion

UKA to construct 120-MW wind park at Mercedes-Benz test track

German automotive major Mercedes-Benz Group AG (ETR: MBG) announced today it has worked with UKA Group to build a wind park with a capacity of more than 120 MW at its test track in Papenburg.

May 25, 2023 // Plants, PV Power Plant, Mercedes-Benz, UKA, wind park

Albioma secures 12.1 MWp of solar in French tender

French independent renewable resource manufacturer Albioma SA (EPA: ABIO) has actually validated its award of solar projects amounting to 12.2 MWp in a residential tender for photovoltaic (PV) capacity in non-interconnected zones (ZNIs).

May 25, 2023 // Plants, Large-Scale, Commercial, France, tender, Europe, Albioma

India brings online 12.5 GW of solar, wind in FY 2022/23

India's cumulative mounted sustainable generation capacity reached 125.2 GW at the end of March 2023, with over half of it originating from the solar market, which is forecast to add some 18 GW during the current year, JMK Research says in a new report.

May 25, 2023 // Markets & Finance News, India, Asia

Northvolt completes building at Polish battery gigafactory

Swedish power storage professional Northvolt AB has actually finalised the building of a gigafactory for battery energy storage systems in Gdansk, Poland, promoted as the largest manufacturing center of its kind in Europe.

May 24, 2023 // Storage, NORTHVOLT, Poland, Europe

Siltronic secures 600 GWh of solar to power German operations

German silicon wafer producer Siltronic AG (ETR: WAF) will certainly offtake 60 GWh of solar power each year to power its production sites in the government states of Bavaria and also Saxony.

May 24, 2023 // Markets & Finance News, Germany, Europe, PV Power Plant, Siltronic

CIP to embark on USD-20bn green hydrogen project in Australia

Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an enormous green hydrogen manufacturing complex in South Australia's Eyre Peninsula underpinned by roughly 14 GW of solar and wind generation.

May 24, 2023 // Solar to Fuel, Australia, Oceania, CIP, green hydrogen project

Catalyze inaugurates 6.4-MW solar farm in NY State

National independent power producer (IPP) Catalyze on Monday officially inaugurated a 6.4-MW solar farm in Amherst, the initial project in the New York State Energy Research and Development Authority's (NYSERDA) Community Solar Program to be sited in the community.

May 24, 2023 // Plants, solar farm, NY State

China's Record-Breaking Push to Dominate Solar Tech Will Spur Clean Energy Throughout The World

Generating added power will decrease the price of electricity Material known as perovskite may hold key to breakthroughs

May 24, 2023 // Markets & Finance News, China, Asia, LONGi Green Energy Technology Co, Martin Green

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