IEA Calls For Diversified Solar Supply Chains
Governments Need To Pay More Attention On Facilitating Local PV Manufacturing, According To IEA Report On PV Supply Chains
By 2025, China is likely to control 95% of global polysilicon, ingot, wafer production, up from 80% now, going by the manufacturing capacity under construction in the world’s largest PV market.
131 MW DC Solar Plant Online In Uzbekistan
Total Eren Commissions Its 1st PV Project In Uzbekistan & Also Its 1st Bifacial Solar Farm
Uzbekistan’s Samarkand region is now home to a 131 MWDC/100 MW AC solar power plant after French renewable energy company Total Eren commissioned Tutly PV project as one of the country’s 1st independent power producers (IPP) projects.
525 MW RE Projects Changes Hands In Croatia
Israel’s Enlight Expands Into Croatia’s Solar Domain With 386 MW PV & 139 MW Wind Project Capacity
Enlight Renewable Energy, the Israel headquartered renewable energy company, has entered an agreement to acquire 386 MW solar PV and 139 MW wind energy capacity in Croatia.
Tata Power’s 8 GW Solar Manufacturing Plan
Tata Power To Establish 4 GW Solar Cell & 4 GW Module Production Plant In Tamil Nadu Creating 2,000 Jobs
Indian integrated energy company Tata Power has confirmed plans to set up an INR 30 billion greenfield manufacturing plant in Tamil Nadu with 4 GW annual solar cell and 4 GW solar module capacity, integrating mono-PERC bifacial technology with n-type TOPCon.
Hanwha Qcells Rebrands QENERGY For Europe
QENERGY Solutions Brandishes 12 GW Renewables Development Portfolio Across Europe
The power plant business division of Hanwha Qcells called QENERGY Europe and QENERGY France have come together as subsidiaries of a new entity QENERGY Solutions SE that now holds a renewable energy development portfolio of 12 GW scattered all across Europe.
North Macedonian Solar Plants Raise €25 Million
EBRD To Back 30 MW Solar PV Capacity In North Macedonia With ESM Loan
The European Bank for Reconstruction and Development (EBRD) has approved €25 million loan for North Macedonia’s state-owned electricity company ESM to build 30 MW solar PV capacity in the country, with the European Union (EU) shelling out another €5 million.
Indian Manufacturer To Expand Into TOPCon Tech
Websol Energy Unveils 1.8 GW Solar Cell & Module Production Capacity Plans
Solar cell and module producer from India, Websol Energy System Limited will set up a total of up to 1.8 GW new manufacturing capacity based on mono PERC and high efficiency TOPCon technology, after its board approved the proposal from the management.
World Bank’s $615 Million For Solar Power
World Bank’s Financing Agreement For Clean Energy Based Rural Electrification In Bangladesh & Yemen
The World Bank has approved $515 million in financing to support 150 MW new rooftop solar capacity come onto the grid in Bangladesh through solar metering connections for over 100 customers.
Global Fixed Axis Solar Costs Go Up 14% YoY
BloombergNEF: Rising Inflation Takes Renewable Energy LCOE Benchmark Back To 2019 Levels
While renewables get a renewed push post COVID-19 and through the Russian war against Ukraine, supply chain challenges and rising costs have pushed up the cost of new-build fixed axis solar by 14% YoY, said Bloomberg New Energy Finance (BNEF) that wo.
Shell Targets 3 GW Onshore RE In Philippines
Nickel Asia Subsidiary & Shell To Co-Develop 1 GW Renewables With Focus On Solar In Philippines By 2028
Shell Overseas Investments BV has entered into a joint venture (JV) partnership with the renewable energy subsidiary of Nickel Asia Corp (NAC), Emerging Power Inc (EPI) to co-develop 1 GW onshore renewable capacity in the Philippines by 2028, with focus on utility scale solar.
IFC Backs Egyptian Company’s Solar Plans
Elsewedy Electric Raises $150 Million To Fund Renewable Energy Expansion In Africa
Egypt headquartered power company Elsewedy Electric has raised $150 million from the International Finance Corporation (IFC), First Abu Dhabi Bank and Europe Arab Bank to finance new solar energy facilities in Africa, and also support its expansion further.
73 GW+ Solar & Wind Projects Planned In MENA
Oman, Morocco & Algeria Hold 39.7 GW+ Collective Utility Scale Solar & Wind Pipeline: GEM
Arab speaking Middle East and North Africa (MENA) nations currently have as much as 60.9 GW of new utility scale solar and wind power plants that are planned to come online by 2030, and Global Energy Monitor (GEM) believes they are on pace to increas.
Australian Funding Support For Solar Recycling Projects
NSW Government’s AUD 7.4 Million To Help Establish Solar Module & Battery Recycling Facilities
Australia’s New South Wales (NSW) has announced funding of close to AUD 7.4 million for the construction of solar panel and battery recycling facilities, estimating these will help save over 12,000 additional tons from ending up in landfills every year.
$750 Million Investment For US Solar Developer
Equity Investment Led By TPG Rise Climate To Back Intersect Power’s 8 GW Portfolio Expansion
US based solar and storage projects developer Intersect Power has secured $750 million growth equity investment from a host of investors led by TPG Rise Climate which it believes will accelerate the build out of its clean energy platform from 2.4 GW now to over 8 GW.
Statkraft Ups Renewable Energy Ambition
Norway’s Statkraft Aims For 4 GW Annual Renewable Energy Installations By 2030
Energy major from Norway Statkraft has expanded its cumulative installed renewable energy capacity target for 2030 to 30 GW, driven by onshore wind, solar and battery storage for which it will now target 4 GW annual capacity by the target year, up from 2.5 GW to 3.0 GW in 2025.
Steel Fab Reopens In US For Nextracker
Bethlehem Steel Fab in Pittsburg Restarts To Produce Solar Tracker Equipment For Market Leader Nextracker
American solar tracker manufacturer Nextracker and local steel fabricator BCI Steel have reopened the Bethlehem Steel Manufacturing Factory in Leetsdale, Pittsburg that will produce solar tracker equipment for large scale solar power plants in Pennsylvania, Indiana, New York and Ohio.
Solar Glass Maker’s Profit Warning For H1/2022
China’s Xinyi Solar Expects H1/2022 Net Profit To Decline On Annual Basis
Chinese solar glass supplier Xinyi Solar Holdings Limited has cautioned its shareholders that the company expects its consolidated net profit for H1/2022 to drop by around 33% to 43% annually, citing supply chain and prices pressures in the industry.
EDPR Acquires 200 MW AC Solar In Vietnam
EDPR Expands In Asia Pacific With 200 MW AC Solar PV Purchase In Vietnam
EDP Renováveis or EDP Renewables (EDPR) is expanding its position in the Vietnamese solar market, with the acquisition of 2 operational solar power plants from Vietnamese developer Xuan Thien Group, representing 255 MW DC/200 MW AC capacity.
Investment Milestone For Sun Cable Project
World’s Largest Solar, Storage & Transmission System Project Is ‘Investment Ready’
The world’s largest planned solar, storage and transmission project Australia-Asia PowerLink (AAPowerLink) with up to 20 GW solar PV capacity, has reached a major milestone of being ‘investment-ready’ on the Australian government’s Infrastructure Priority List.
First Solar Lands 2 GW DC Module Contract
National Grid Renewables Secures First Solar Modules Delivery Till 2025
American solar PV module manufacturer First Solar, Inc has secured an order to supply 2 GW DC worth solar modules to National Grid Renewables, formerly Geronimo Energy, for the latter’s projects situated across the US.
