Asia

The Hungarian government will certainly support the building and construction of a solar plant in Oman with investment expenses estimated at EUR 10 million (USD 11.28 m).

A 100MWh gravity-based energy storage system established by Energy Vault is expected to begin building and construction in China in the second quarter of this year, the Swiss-American startup has actually claimed.

Norwegian eco-friendly power producer Scatec ASA (OSL: SCATC) and India's ACME have actually decided to put on hold the 900-MW solar project they previously claimed they were co-developing in India.

Deal with West Holdings Corporation aims to create at least PV projects over the next 5 years

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.

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.

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.

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.

The modules will certainly be installed at Clean Solar energy's ground-mounted solar power project.

AC Energy Corp (PSE: ACEN) today revealed the beginning of construction of a 300-MW/420-MWp solar project in India, a 3rd joint project of the Philippine business as well as UPC Renewables in the country.

Elsewhere, several hydrogen projects were introduced in Norway, Germany, India, China and also the UK. Royal Dutch Shell started operations at the power-to-hydrogen electrolyzer in China as well as Germany's Linde Engineering authorized a contract for the construction a green hydrogen demo plant in Norway. In Addition, Green Hydrogen Systems signed a supply agreement with Edinburgh-based Logan Energy to deliver electrolysis tools for a project in England.

LONGi has actually increased its wafer rates for a second time in simply over a month as hopes of falling prices fade as well as China shuts down for a week for its annual Luna New Year holiday.

Worldwide investment in renewables rose to new heights in 2021 as solar and wind implementation rose, but overall energy transition expenditure requires to triple in the coming years to jump on track for web zero.

Indian independent power producer (IPP) ReNew Power has actually marketed its 117MW roof solar portfolio as part of a strategy to enhance its focus on utility-scale PV.