News

Asset manager agrees acquisition of development-phase Spanish projects

Of the total capacity awarded 89.2 MW will certainly be met by two new solar projects

Global non-residential solar operations and maintenance (O&M) spend is expected to strike US$ 15 billion by 2030. Yet brand-new study from global power consultancy Wood Mackenzie (Woodmac) shows that progressively affordable auction prices, combined with increasing work and also supply chain expenses, suggest solution vendors deal with difficulties to stay lucrative.

Energy Vault has actually announced a License and Royalty arrangement for renewable resource storage with Atlas Renewable and their bulk capitalist China Tianying, an international environmental management and waste removal company. The agreement sustains the implementation of Energy Vault's proprietary gravity energy storage modern technology and energy administration software program platform within mainland China as well as the Special Administrative Regions (SAR) of Hong Kong and Macau.

This year could be a tipping factor for Europe's green hydrogen market, with a flurry of activity forecasted if the essential policy environment is accomplished, according to research and also consulting company Delta-EE.

Sunnova Energy and also Generac Power Systems are increasing their tactical partnership, with Sunnova currently able to supply its clients Generac's energy storage units for the very first time along with standby home generators, microinverters and load managers.

The State Bank of India (SBI) has actually partnered with Tata Power Solar Systems to develop a funding agency for commercial as well as property solar projects up to 1MW.

India's government is to supply a further Rs19,500 crore (US$ 2.6 billion) of funding for its PV production Production Linked Incentive (PLI) scheme, with the country intent on spurring more development of a residential solar manufacturing base.

A record 31.1 GW of clean energy was gotten by corporations through power purchase agreements (PPAs) last year, with innovation business once more the largest buyers, according to research firm BloombergNEF (BNEF).

Energy transition investment complies with familiar patterns in worldwide capital markets. Large, well-known banks supply thousands of billions of dollars a year to finance construction of long-lived assets using familiar zero-carbon modern technologies-- i.e., deployment. Smaller institutions (some well-established, others quite new) supply tens of billions to fund company development and also the proving-out of brand-new innovations and also company designs-- so technology.

Zinc-bromide storage tech will certainly be installed at Acciona Energia's Montes del Cierzo PV facility in Navarra

PPA with Arla covers building of 4 PV projects in Denmark slated to supply power from 2024

German solar developer Belectric will certainly build a 16.8-MWp floating solar (PV) plant in north Israel for S'energy and also water utility Carmel shore waters.

Spanish sustainable power retailer Holaluz Clidom SA (BME: HLZ) has authorized a ten-year power acquisition agreement (PPA) with German programmer BayWa r.e. to acquire the outcome from its 20-MWp Poblete solar farm in Spain, the events said on Tuesday.

Israel's Migdal Insurance (TLV: MGDL) has actually accepted buy a 22.5% stake in Doral Renewables LLC's 300-MW/260-MW DC Mammoth Solar II photovoltaic (PV) park in Indiana.