News

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.

Perovskite solar cell technology takes a step forward with improved upper and lower interfaces, resulting in a conversion efficiency of 24.3%, long-term stability and efficiency of up to 22.6% in mini-modules.

Pattern Energy Group LP announces sale of its Japanese renewable energy assets and majority stake in Tokyo-based GPI to Japanese utility Jera Co Inc and NTT Anode Energy Corp. Portfolio includes 4 GW of wind projects and 6 GW of assets across North America. CEO Hunter Armistead focuses on growing pipeline in US.

GCL System Integration Technology Co Ltd has launched its 10-GW N-type solar cells factory in Wuhu City, China. USD 1.12 billion project with cell production capacity of over 22% efficiency, to be completed soon, complies with GCL Group's full PV industrial chain.

AXA IM Alts to acquire 25% stake in Finerge, a 2GW renewables platform, to enable decarbonization and electrification investments in Portugal and Spain. Investment to be finalized by end of this year.

Larrakia Energy and Komipo partner with Northern Territory government to create a 300-MW solar project in the Greater Darwin Area. The joint venture with Progressive Green Solutions will create jobs and help the Territory reach its 2030 economy goal.

Cox Energy of Spain has won a reverse power auction in Guatemala, securing 38.41 MW of solar generation to invest USD 32 million and supply 106.0 GWh annually for 15 years. PEG plan received bids for 1,500 MW.

Solar installations to reach historic high in 2023 with 270 GW of new capacity. China to remain leader in panel manufacturing while US sees boom in utility & residential solar. UK to lead in residential solar, Romania in distributed projects. Solar LCOE falling; 330 GW capacity by 2032.

Researchers at imec and the University of Hasselt have developed a metal halide perovskite process to boost the lifetime of solar cells, achieving a conversion efficiency of 24.3% and a short-circuit density of 24.5 mA/cm2. After 1,000 and 1,850 hours, the cells retain 97% and 88% of performance, respectively. This process offers commercialization potential for perovskite solar cell technology.

Floating solar panels could provide unlimited renewable energy to densely populated countries in Southeast Asia and West Africa, potentially powering a billion people by 2050. Our research shows Indonesia and Nigeria have the highest potential for offshore solar arrays, due to their maritime areas and equatorial environment.