Search

Solar developer ACWA Power has safeguarded an overall US$ 114 million from banks to fund the building of what it declares will be Egypt's largest private solar plant.

National Renewable Solutions has a growth pipe of greater than 3.5 GW.

PV technology has made significant progress in a short amount of time, leaving solar enthusiasts chuffed. Opponents, on the other hand, brand it as unworkable boondoggle, surviving on the crutches of subsidies and only salving the conscience of the green-minded companies cosseted by political forces. The naysayers do have partial truth in their argument - governments the world over have been supporting the growth of this child with the moniker “solar” with public finances. So, this is the partial truth and the enthusiasts have just enough firepower to say that all energy is, after all, subsidised one way or another – in terms of uncompensated costs of air pollution, congestion and global warming and the consequential irreversible damage these fossil fuels have done to the planet. Perhaps more important and statistically relevant is a report published by the IMF in 2015, which had pegged subsidies to fossil fuels at US$5.3 trillion.

German clean energy fund Hep Kapitalverwaltung AG has entered the US distributed solar market with an investment in regional developer ReNew Petra.

US Senator Sherrod Brown's bill aims to keep energy manufacturing tax credits in American hands, not foreign adversaries. A bipartisan effort to boost domestic jobs and security.

Off-grid pay-as-you-go solar provider Bboxx has introduced a new service to provide renewable solutions to off-grid communities in Africa.

United States programmer, proprietor as well as asset manager Longroad Energy has protected a US$ 500 million equity financial investment to support its business version shift from a "create to sale" strategy to the possession of renewable projects in the US.

Project funding center CrossBoundary Energy Access (CBEA) has elevated US$ 25 million to finance solar energy mini-grids in Africa.

Scatec Solar has raised NOK1.32 billion (US$146 million) in a private placement for its global solar pipeline.

Tariffs introduced to imported solar cells and modules have caused “devastating harm” to the US solar industry, new analysis compiled by the Solar Energy Industries Association has claimed.

India's renewables market will require to amass investments of around US$ 500 billion in order to meet its target of 450GW of tidy energy capacity by the end of the years.

Reports that US Senator Joe Manchin has actually decided not to accept climate measures within President Joe Biden's reconciliation bill has actually been met dismay by market stakeholders.

The American Council on Renewable Energy (ACORE) has said that a suggested transmission investment tax credit history (ITC) in the US might spur US$ 15.3 billion of fresh financial investment in clean energy and also enable an added 42GW of wind as well as solar capacity ahead online.

Engie, a global energy company, has signed a binding agreement to acquire Broad Reach Power, a US energy storage company, to support 10GW of battery capacity globally by 2030. Completion expected by end of 2023.

Igneo Infrastructure Partners has acquired a majority stake in US renewable power producer Soltage LLC, enabling the expansion of its 1.9-GW pipeline of solar and storage projects. Prudential Private Capital has sold its equity interest with Co-founder and CEO Jesse Grossman and the management team retaining shareholdings.