News

This rates of interest of 7.2% is dealt with for 42 months as well as it's the most affordable in terms of rupee financing for Azure Power's existing portfolio until now. It has been learnt that for this refinancing facility, L&T Finance Limited has actually served as the sole expert.

The Al-Kharsaa project is the first solar power plant in Qatar, with an overall scheduled power generation capacity of 800MW. The project will certainly be outfitted with Chinese supplier LONGi's Hi-MO 4 bifacial modules as well as a tracking system.

LG Electronics has actually confirmed it is to leave the solar module production organization and shutter its setting up plant in Alabama, US.

PV project developer and design, purchase as well as building and construction (EPC) firm Inovateus Solar has gotten a "significant" investment from Galway Sustainable Capital to enhance its operations.

Norwegian start-up Otovo has actually protected NOK300 million (US$ 33.7 million) through an exclusive placement to sustain the growth of its solar marketplace right into six brand-new European countries.

Saudi solar power firm Desert Technologies and German industrial corporation Siemens AG (ETR: SIE) have established a joint venture to establish and invest in greater than 1 GW of solar and smart framework in the Middle East, Africa as well as Asia.

French fuels representative Rubis SCA (EPA: RUI) is getting a 51% stake in a solar-plus-green hydrogen and also battery project established by hydrogen energy specialist Hydrogene de France SA (EPA: HDF) in Barbados.

The renewables arm of Lithuanian power business Ignitis Grupe AB (VSE: IGN1L) has actually terminated an arrangement for the purchase of approximately 170 MW of under-development solar projects in Poland.

Singapore-based renewables designer and also subsea engineering firm G8 stated today it has actually been picked as the provisionary contractor to mount a 65-MW floating solar plant within a hydropower facility in Ghana.

The price of polysilicon last week reached its highest level because 2011 and, according to Chinese module manufacturer JinkoSolar, there are no visible indicators that it might drop this year, as anticipated by numerous experts.

REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Ltd., has invited on the internet bids for the option of technical consultant that would certainly offer consultancy services for a floating solar project situated in New Delhi. The last day for the entry of e-bids is February 25, 2022, till 3 PM.

Indian power back-up producer Smarten aims to interrupt the energy storage market with 100% localized products for B2B and also B2C segments, the firm has stated. The brand intends to launch a variety of innovative products, such as EV chargers, Lithium-ion batteries, etc, out there this year, it mentioned.

India's Production Linked Incentive (PLI) plan is expected to add up to 40GW of added cell and also module production capacity in the nation as it runs in tandem with the country's upcoming Basic Customs Duty (BCD), according to Indian rating agency ICRA, a Moody's Investors Service firm.

Tongwei has actually warned of ongoing tight supply of solar PV materials after recording an enter 2021 revenue over of 50%.

New measures from Italy's federal government to accelerate and also streamline renewables implementation have actually been greatly criticised by the country's solar market.