News

Learnings From the $12 billion Brookfield Bid For Australia's Origin Energy
Global investment administration firm Brookfield's $11.8 billion bid that is also sustained by the target firm's board is a clear indicator of the volume as well as direction of money chasing renewable energy assets and growth. Origin energy, which has 4.5 million customrs in Australia, has comitted to a phase out of its non renewable assets.
Nov 11, 2022 // Markets & Finance News, energy transition, Origin Energy, Brookfield, australia energy market, legislative commitment to emissions reductions, renewable energy bid
SJVN Secures 83 MW Floating Solar Project in Madhya Pradesh
State-run SJVN Ltd introduced that it has been granted a contract worth Rs 585 crore to construct, very own, and manage an 83 MW floating solar plant in Madhya Pradesh. According to a release by REWA Ultra Mega Solar Ltd. (RUMSL), the project has been secured at a tariff of Rs 3.70 per unit on a develop, own, and operate basis.
Nov 11, 2022 // Plants, Large-Scale, Commercial, Floating PV, India, tender, Asia, Renewable Energy, Madhya Pradesh, green energy, SJVN, floating solar project, PUNJAB, Secures For 83 MW, SJVN Green Energy
Germany's KfW grants EUR-150m loan to back solar in India
German development bank KfW stated on Thursday that it has authorized an agreement to expand a EUR-150-million (USD 152.1 m) loan to the State Bank of India (SBI) to support the solar energy development in India.
Nov 10, 2022 // Markets & Finance News, Germany, India, Europe, Asia, KFW
Aura Power gains approval for 55MW solar project
Burtree Lane site in Darlington will almost triple the existing renewable capacity generated in the borough
Nov 10, 2022 // Plants, Large-Scale, Commercial, UK, Europe, Solar Project, Aura Power
France to require all huge car parks to be covered by photovoltaic panels
Legislation accepted by Senate will apply to existing as well as new car parks with space for a minimum of 80 vehicles
Nov 10, 2022 // Policy, Rooftop PV, France, Europe, emmanuel macron, Liz Truss
Africa renewable resource investment at 11-year low: study
Investment in renewable energy in Africa was up to its lowest level in greater than decade last year despite the continent's huge possibility, experts claimed Wednesday at the COP27 climate conference.
Nov 10, 2022 // Market Research, BNEF, Africa, COP27, Luiza Demoro
Gautam Solar Launches G2X 450 Wp M10 High-Efficiency Modules for Rooftop Projects
A leading native solar manufacturer, Gautam Solar has actually raised its G2X series with the intro of high-efficiency and high-performance 450 Wp solar modules with larger M10 cells to enhance the top quality of solar products and also speed up the adoption of solar power in the country.
Nov 10, 2022 // Manufacturing News, solar modules, mnre, ALMM, BIS, high efficiency modules, Gautam Solar, solar EPC, DCR, 2X series, rooftop solar installations
Photon Energy verifies 2022 projection after record Q3 outcomes
Amsterdam-based solar energy producer Photon Energy NV (WSE: PEN) on Thursday claimed it booked a third-quarter net profit of EUR 6 million (USD 6m) after losing EUR 1.4 million a year back, thanks to the switching to a vendor approach.
Nov 10, 2022 // Markets & Finance News, photon energy
AGL turns sod on 50-MW/50-MWh battery in New South Wales
Aussie utility AGL Energy Ltd (ASX: AGL) on Thursday formally launched the building and construction of its 50-MW/50-MWh Broken Hill battery energy storage system (BESS) project in New South Wales.
Nov 10, 2022 // Storage, new south wales, AGL
Sungrow's inverters picked for 256-MWp solar project in S Africa
Chinese solar inverter maker Sungrow Power Supply Co Ltd (SHE:300274) has actually received an order to supply inverters to South African solar energy manufacturer Sola Group for a 256-MWp photovoltaic or pv (PV) project.
Nov 10, 2022 // Plants, Large-Scale, Commercial, Inverters, Sungrow, Solar Project, S Africa
TAQA Arabia gets EBRD financing for 7-MW solar project in Egypt
The European Bank for Reconstruction and Development (EBRD) is giving USD 5.5 million (EUR 5.5 m) to the renewable resource subsidiary of Egyptian power business TAQA Arabia to construct as well as operate a 7-MWp solar photovoltaic (PV) project in El Minya, Egypt.
Nov 10, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, EBRD, Asia, Africa, Egypt, Solar Project, TAQA Arabia
Cowessess First Nation commissions 10-MW solar park in Saskatchewan
Awasis Solar LP, a project vehicle that is 95%-possessed by the Cowessess First Nation, has commissioned an Indigenous-led and also government-backed solar project of 10 MW in the Canadian province of Saskatchewan.
Nov 10, 2022 // Plants, Large-Scale, Commercial, Solar Park, Cowessess First Nation, Saskatchewan
Brazil's Atiaia Renovaveis to build 27.5-MW solar park for local glass manufacturer
Brazilian glass maker Vivix Vidros Planos perseverance its production facility in the eastern city of Goiana with a 27.5-MW solar plant that will be constructed by domestic renewables firm Atiaia Renovaveis.
Nov 10, 2022 // Plants, Large-Scale, Commercial, South america, Brazil, Solar Park, Atiaia Renovaveis
Partners pledge to promote solar in establishing markets
The International Solar Alliance has actually signed a $10m grant agreement with GEAPP
Nov 10, 2022 // Markets & Finance News, ISA, international solar alliance, Global Energy Alliance for People and Planet, GEAPP, Simon Harford
Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar, Sustainable Homes in US
This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded. The fintech company expects the Inflation Reduction Act to speed up clean energy items' fostering with customer incentives and tax breaks.
Nov 10, 2022 // Markets & Finance News, Wood Mackenzie, residential solar, Mosaic, Billy Parish, rooftop solar, Inflation Reduction Act, Congressional Bank, energy-efficient home improvements, fintech