News

Renewable energy-powered metrogrid company Nuru has secured $40 million in Series B equity funding to construct 13.7 MWp of projects in the eastern Democratic Republic of the Congo, providing reliable and renewable energy to urban communities and promoting climate resilience and sustainable development.

French renewable hydrogen production co. Lhyfe and solar project dev. TSE collaborate to create 78 hectare industrial park 100% renewable energy, circular economy. 45 GWh of electricity/year generated via solar energy with help of electrolysers supplied by Lhyfe. Companies already interested in operating the site.

KAUST University in Saudi Arabia breaks new world record in efficiency of perovskite tandem solar cells with the help of MBRAUN systems, reaching 33.7% certified power conversion efficiency. This ultra-high performance photovoltaic technology is essential for fast green energy transition.

German energy group PNE AG to sell five 208MW solar projects in Romania to TotalEnergies Renewables. PNE commits to remain responsible for further project development until completion. CEO Markus Lesser expresses satisfaction at TotalEnergies' trust in PNE's expertise. Purchase price undisclosed. 510MW of wind and solar projects already sold, 1GW under development.

Empower Energies Inc. has completed a 7.6MW solar installation across a commercial office park in Columbus, OH, expected to generate 9 million kWh in its first year. The customer is a Fortune 100 and Empower has installed 32.7MW of solar projects and over 1GW of solar/storage projects nationwide.

Eolus has made an investment decision for its 100MW stand-alone battery storage project, Pome. Located in San Diego County, California, the project is set to come online in Q4 2024 with a capacity of 100MW/400MWh. It's part of a booming US market, following the Inflation Reduction Act, and makes up part of Eolus’s total project portfolio.

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.

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.

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.

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.

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.

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.

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.

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.

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.