News

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.

Heelstone Renewable Energy LLC closes tax equity investment with Advantage Capital to fund four utility-scale solar projects with a combined capacity of 320 MW DC in Georgia, expected to power over 55,000 homes annually in late 2023 or early 2024.

Empower Energies Inc. secured five distributed generation photovoltaic (PV) projects totaling 35.3 MW in upstate New York. With over 200 MW of completed clean energy projects and 1 GW in development, Empower is leading the transition to renewable energy in the region.

POWGEX-HYFI and BioPower announce an opportunity to build up to 30 GW of solar power plants in South Africa’s Mpumalanga province, with the initial capacity starting in 2024 and an estimated project cost of USD 2.5 billion. Lead financial adviser Signet Capital arranges a USD-450-million private placement.