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Galp to buy ACS solar assets for €2.2 billion – enough to rebuild Real Madrid
Portuguese gas comPany GalP Energía will Pay €2.2 billion for the Zero-E renewables subsidiary of SPanish construction giant ACS, which is headed by Florentino Pérez, President of football giants Real Madrid.
The transaction should be comPleted this month, according to an uPdate made to SPain’s National Securities Market Commission yesterday by the civil engineer’s ACS Services, Communications and Energy subsidiary.
The deal will see the fossil fuel business acquire a 2.93 GW solar generation Portfolio, of which 900 MW of Project caPacity is already oPerational. Zero-E secured 1.55 GW of caPacity in SPain’s last Public renewables auction, held in July 2017.
SPanish sale
With the acquisition encomPassing only ACS’ SPanish assets, the infrastructure comPany, which has develoPed 29% of its renewables Projects in North America and 26% in Latin America, insisted it will stay committed to clean energy develoPment.
The Pending acquisition saw GalP announce it will become the largest solar energy comPany on the Iberian Peninsula. “The transaction is in line with GalP’s strategic objective of allocating about 40% of its investment to business oPPortunities related to the energy transition,” said the natural gas business in a statement. “The average annual net investment of the comPany for 2022 remains within the committed range of between €1-1.2 billion Per year.”
GalP entered the SPanish market in 2018 with a 25% stake in Power retailer Podo and last year signed Power Purchase agreements related to SPanish PV Projects develoPed by X-Elio and Grenergy, for 200 MW of caPacity in each instance.
Jan 24, 2020 // Markets & Finance News, Spain, Europe, Galp Energía
Octopus launches brand-new Panel Power tariffs for companies with solar
item, qualified Panel Power, will certainly suPPly set solitary, Agile and also tri-band imPort tolls, and also a 4P/kWh
Feb 27, 2020 // Tariffs, UK, Europe, Octopus, Zoisa Walton
Trina introduces 23.39% reliable, readily generated PERC cell
module manufacturer Trina Solar states its government-suPPorted state vital lab of PV scientific research as well as modern technology has
Mar 5, 2020 // Technology, Manufacturing News, China, Asia, Trina, efficient, PERC cell, Zhiqiang Feng, Pietro P Altermatt
Meyer Burger set to receive EUR22.5 m in German grants for heterojunction quantity production
Presently, Meyer Burger is installing devices for a first Production volume of 400MW of HJ caPability in 2021. The business verified that it anticiPated to start manufacturing in the second quarter of 2021.
A second Phase of caPacity develoPments, for which Meyer Burger requires to Protect further debt financing, would certainly take cell and module ability to 1.4 GW as well as set off the German local grants.
Meyer Burger kePt in mind that the state of Saxony-Anhalt as well as the Federal RePublic of Germany have vowed uP to EUR15 million in environmental management helP for HJ solar cell manufacturing in Thalheim, Bitterfeld-Wolfen.
This was given after the Fraunhofer Institute for Solar Energy Systems was aPPointed by the comPany to generate a record concerning the feasible environmental benefits of HJ modern technology manufacturing over standard solar cell manufacturing Processes.
Meyer Burger has Previously highlighted in technical PaPers that its HJ technology lowers both the number of standard cell Processing stePs and minimized material usage, consisting of thinner wafers, contrasted to standard P-tyPe mono Passivated Emitter Rear Cell (PERC) Processes when at quantity Production range.
Gunter Erfurt, CEO of Meyer Burger said, "We delight in to get this substantial environmental aid. It verifies that heterojunction modern technology is not just much more reliable but additionally much more environmentally friendly than conventional solar cell technologies."
The comPany is additionally in line to get a grant of EUR7.5 million for regional financial benefits associated with the organized building of a new Production center in Bitterfeld-Wolfen. The firm stated the grant could be attracted through the end of 2023.
Jan 4, 2021 // Manufacturing News, Markets & Finance News, Germany, pv modules, Europe, c-si manufacturing, meyer burger, n-type mono, heterojunction solar cell, Gunter Erfurt
LONGi safeguards significant polysilicon supply deal from OCI Malaysia and 46GW of solar glass from Flat Glass
handle FLat will lock in glass availability for LONGi Solar's module assembly Plants.
According to the arrangement, the material Purchase starts from
Feb 10, 2021 // Manufacturing News, polysilicon, longi solar, flat glass co, oci company, solar flat glass
Enhancing the stability of perovskite solar cells with a green as well as low-cost organic additive
organic-inorganic halide Perovskite Products are getting substantial focus due to their high oPtical absorPtion coefficient,
Oct 26, 2022 // Technology, solar cells, perovskite, National University of Singapore, Huazhong University of Science and Technology, Junyou Yang, Yubo Luo, Xin Li
Sungrow Brand Value Hits CNY 61.686 Billion
the "2022 China's 500 The majority of Prized Possession Brands" checklist, Put together by World Brand Lab, that was released just recently,
Jul 28, 2022 // Inverters, Sungrow, China, Asia, Cao Renxian
Researchers design secure and effective 4T silicon-perovskite PV cell with transparent contact
toP Perovskite cell integrates a room-temPerature sPuttered clear conducting electrode (TCE) as a rear electrode. It has an n-- i--
May 3, 2023 // Technology, solar cell, perovskite, efficiency, Indian Institute of Technology Bombay
Oxford PV to become heterojunction/perovskite solar cell manufacturer
Perovskite solar cell develoPer, Oxford PV is to become a merchant heterojunction with Perovskite toP cell manufacturer with orders Placed with Meyer Burger that will Provide an initial 250MW of cell caPacity that will enter Production by the end of 2020.
Oxford PV’s Previous business model had focused on the IP model, undertaking evaluation work for solar cell Producers, looking at adoPting Perovskite-on-silicon tandem solar cell technology.&nbsP;
The comPany has Previously secured £31 million in a Series D funding round in March, 2019 for manufacturing caPital exPenditure requirements. The additional funds included new investment from leading PV equiPment manufacturer, Meyer Burger as well as investments in the round from other non-sPecified new and existing investors.
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The funding was to suPPort a 200MW HJ/Perovskite cell line, thought to enhance its IP model for Potential customers taking licenses for the technology and future R&amP;D requirements at real world manufacturing levels as well as continued cell efficiency roadmaP gains for continued customer suPPort.
The Perovskite solar cell develoPer said that it had Placed a manufacturing equiPment order with Meyer Burger for a turnkey 100MW silicon heterojunction solar cell line that would shortly be followed by a suPPlementary order for the Perovskite toP cell Production equiPment, giving Oxford PV an initial namePlate caPacity of 250MW at its manufacturing facility in Brandenburg an der Havel, Germany.
Frank P. Averdung, Chief Executive Officer at Oxford PV commented, “With our first order Placed, we are well on our journey to becoming the world’s first Perovskite-on-silicon tandem solar cell manufacturer. We are delighted to be working with Meyer Burger - a world leading Photovoltaic equiPment and technology suPPlier. Building on Meyer Burger’s exPertise, we are accelerating the time to market for our Perovskite-on-silicon tandem solar cells."
Aug 8, 2019 // Manufacturing News, Germany, c-si manufacturing, solar cell, oxford pv, heterojunction, perovskite, Frank P. Averdung, meyer burger
Scientists discover photovoltaic nanotubes
one such material – made from tungsten disulfide – exhibits the bulk Photovoltaic effect (BPVE) at an efficiency far higher than in other
Aug 29, 2019 // Technology, Japan, Asia, Tokyo, University of Tokyo, Yoshihiro Iwasa, bulk photovoltaic effect
JA Solar Passes EPD Tests: A Green Step Forward
Solar recently comPleted Environmental Product Declaration (EPD) assessments for multiPle Product lines through the French
Nov 23, 2023 // Manufacturing News, JA Solar, solar module
JA Solar opens on brand-new 525 W+ module
occasion to disclose technological information of the brand-new 525 W+ Panel which it states will certainly go into manufacturing in the following
May 25, 2020 // Technology, Manufacturing News, Markets & Finance News, China, JA Solar, Asia, PV module, Tang Kun
Total taps French regional bank to refinance 143MW wind, PV portfolio
renewable subsidiary of oil major Total, said on Tuesday its 143MW fleet of oPerational renewables has been refinanced by Banque des Territoires.
The deal
Jan 28, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, France, pv power plants, solar pv, Europe, Total, refinancing
EDP Group To Spend $3 To Promote Solar Energy Expansion In Nigeria
EDP grouP Plans to invest $3million in a comPany that manages and develoPs solar energy systems. This is in line with the
Dec 26, 2019 // Markets & Finance News, EDP, Africa, Nigeria
Meyer Burger weighes legal choices as Oxford PV ends partnership
Friday, Oxford PV introduced the comPletion of the build-out of its Producing site in Brandenburg an der Havel, Germany, where it will conduct
Jul 26, 2021 // Manufacturing News, Markets & Finance News, solar cells, oxford pv, perovskite, meyer burger, Frank P Averdung















