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Specifically, the deal will sustain 8 renewable energy projects in the district besides Snowy 2.0 hydropower project in one of the most populated district of Australia. The federal government will be spending A$ 4.7 billion and also NSW will certainly add A$ 3.1 billion through completion of this decade to eliminate the reliance on fossil fuels for power.

Greek commercial group Mytilineos claimed 2020 turnover from its renewables and storage advancement device was around 40% less than anticipated due to contracting and also building delays as a result of the coronavirus pandemic.

The floating solar-dedicated subsidiary of inverter maker Sungrow expects both offshore areas and storage tanks to be crucial areas for future PV advancements.

RWE Renewables has reached commercial operation on its West of the Pecos PV project, located in Reeves County, Texas.

British oil and also gas major BP Plc (LON: BP) has actually clinched a deal to buy a 40.5% stake in the 26-GW Asian Renewable Energy Hub (AREH) project in Pilbara, Western Australia, as well as will become its driver, it said today.

Scientists at the institution have achieved 21.6% efficiency with a perovskite cell measuring 1cm². The landmark has been verified as a new world record for perovskites at this size.

Researchers from the Ulsan Institute of Science and Technology have demonstrated a new method of fabricating perovskite-on-silicon tandem devices, using a transparent conductive adhesive to combine the two cells. The scientists have developed devices with demonstrated efficiencies of 19.4%, and propose strategies to bring that above 24% using existing technology.

Sembcorp Industries Ltd to acquire 245 MW of renewables capacity, including wind, solar and hydropower, for SGD-218-million. Deals to be completed in 2024 and will help Sembcorp reach its goal of 25 GW of gross installed renewables capacity by 2028.

The Australian energy storage company is planning the acquisition of SolarReserve Australia II, owing three solar sites in Australia. 1414 Degrees is about to create a huge solar park with 400 megawatts of photovoltaic capacity and a few thousand MWh of thermal storage.

South Africa's latest renewables procurement window for 2.6 GW of capability has actually gotten bids from 102 possible project programmers, consisting of 63 solar projects, according to the nation's Department of Mineral Resources as well as Energy (DMRE).

On December 17, ReneSola, a globe considered Solar PV Module maker revealed that they have decided to become part of Solar PV rooftop markets in China & various other south Asian nations.

Ambitions to construct a 183-megawatt solar park in the southwestern part of Western Australia are most likely to be approved by the end of the week.

Recurrent Energy secures $51 million financing for 119 MW Horus Solar project in Mexico, partnering with Korea Eximbank and KEB Hana Bank for renewable energy success.

Australian energy change business Global Energy Ventures (ASX: GEV) last week introduced plans to construct a 2.8-GW solar complicated on the Tiwi Islands off Australia's Northern Territory, to fuel the manufacturing of an on-site green hydrogen center.

Researchers at Chonnam University in South Korea have developed a new type of solar cell with 21.59% power conversion efficiency. Anti-solvent free hot-air method was used to fabricate the prototype, leading to 18.43% efficiency when scaled up. This could pave the way for widespread use of perovskite solar cell modules.