Global Corporate Funding For Solar In 2021
Mercom: Solar Locked In $27.8 Billion Total Corporate Funding; Highest In Last 10 Years
Global solar sector attracted a total corporate funding of $27.8 billion in 2021, growing 91% annually and emerging as the best year for solar since 2010 with financial activity bouncing back strongly post COVID-19 in 2020, says Mercom Capital Group.
India PV News Snippets: MCGM, EESL, MNRE, KPI Global
MCGM To Procure Clean Energy From 20 MW Hydroelectric & 80 MW Floating Solar Project; 70 MW EESL Solar Tender For Goa; MNRE Refuses Commissioning Deadline Extension For COVID-19 Impacted RE Projects; KPI Global Signs Corporate Solar PPAs for 13.15 MW Capacity
Floating solar project for Mumbai: The Municipal Corporation of Greater Mumbai (MCGM) has approved a proposal to set up a hybrid power project with 20 MW hydroelectric and 80 MW floating solar power capacity.
5 GW Solar Energy For Botswana & Namibia
Botswana & Namibia To Sign Agreement To Facilitate Feasibility Study For 5 GW Solar Energy Capacity & Reduce Dependence On Eskom Of South Africa: Bloomberg
In August 2019, the WEF and Power Africa shared plans for a mega solar project for Namibia and Botswana to be developed by 2040 (in the pictiure).
5-Month Extension For RE Project Commissioning In India
MNRE Grants 5 Month Extension To Commission Renewable Energy Projects Disrupted Due To COVID-19 Related Lockdown In India
The Indian Ministry of New and Renewable Energy's (MNRE) extension till August 24, 2020 for renewable energy project commissioning was issued after the industry approached it to extend the period further from the previous extension granted till May 31, 2020.
China PV News Snippets: Trina Solar, Akcome
Trina Solar Begins Production Of Modules Using 210mm Wafer Technology In Yiwu With 4 GW Annual Capacity; COVID-19 Spread In Xinjiang Feared To Impact Project Completion & Polysilicon Supply
Akcome Technology is to invest RMB 2 billion to develop 2 GW HJT solar cell and module capacity through its wholly-owned subsidiary Zhejiang Akcome Optoelectronics Technology Co., Ltd.
EU Call For Proposals Under Innovation Fund
European Commission Launches €10 Billion Innovation Fund To Support Innovative Low-Carbon Technologies; €1 Billion Available Under First Call For Proposals
The European Commission has invited proposals for its €1 billion ($1.1 billion) Innovation Fund to finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, carbon capture use and storage.
MNRE Asks To Treat Lockdown As Force Majeure
COVID-19 Force Majeure Event, Says MNRE & Allows Renewable Energy Project Extensions Equivalent To Lockdown Period Between March 25, 2020 To May 31, 2020
Renewable energy projects in India whose timelines suffered during the pandemic related lockdown will get extension as the MNRE has called for the pandemic related lockdown to be considered a force majeure event.
German PV Equipment Sales Drop Drastically In Q1/2020
VDMA: COVID-19 Leaves Major Impact On German Solar PV Equipment Manufacturing Industry As Annual Sales During Q1/2020 Decline 57%
The pandemic drastically impacted German PV equipment makers in Q1/2020, something VDMA says hasn’t happened since 2012.
COVID-19 Helped Improve PV Output In Delhi
Drop In Air Pollution Due To COVID-19 Related Lockdown In Delhi Improved Output From Solar PV Installations, Claims German Study
Extended lockdown measures to curb the spread of COVID-19 in the world has helped clear the air, bringing down massive pollution levels across the globe.
Spain Approves Decree To Push For Renewables
Renewable Energy Gets Government Backing In Spain As Spanish Cabinet Clears Royal Decree To Ensure Green Recovery For Country
Spain's Ministry for the Ecological Transition and Demographic Challenge (MITECO) says the Royal Decree-Law removes barriers to massive deployment of renewables in the country, defines new business models and promotes energy efficiency, among other measures.
Italy Installed 115 MW PV In Q1/2020
Anie Rinnovabili: Q1/2020 Solar PV Installations In Italy Added Up To 115 MW As March 2020 Additions Suffered Due To COVID-19 Lockdown
Italian solar PV installations grew more than 9% YoY to 115 MW in Q1/2020, according to Anie Rinnovabili which says March 2020 installations suffered due to pandemic related lockdown measures in place.
Nigeria Wants Solar Home Systems For 5 Million Homes
Solar Finds Mention In Bouncing Back Economic Sustainability Plan Of Nigeria To Help Country Emerge From COVID-19 Related Downturn
The Government of Nigeria aims to get solar home systems (SHS) installed for some 5 million households in the country in collaboration with the private sector.
FDI Cell Created By India’s MNRE
New & Renewable Energy Ministry, India Announces FDI Cell Creation To Curb ‘Opportunistic’ Takeovers Of Indian Companies During COVID-19
The Government of India has reviewed the country’s FDI policy to ensure companies outside of India do not take advantage of the pandemic to make opportunistic takeovers or acquisitions of Indian companies, stated the MNRE that’s headed by RK Singh (in the picture).
Italy’s Tax Breaks To Support Rooftop PV
COVID-19 Stimulus Package Decreto Rilancio In Italy Includes 110% Tax Relief For Energy Efficiency & Building Retrofit Measures, Including Rooftop Solar PV; EuPD Research Sees Opportunity For Installers
Energy efficiency measures to be deployed by Italian homeowners between July 1, 2020 and December 31, 2021 will fetch them tax relief of 110% under a new stimulus package announced by the Italian government.
€25 Billion Support To Tender 15 GW RE In EU?
Euractiv: European Commission May Include €25 Billion Capital Investment For 15 GW Renewable Energy Tendering Scheme Under EU Recovery Plan For COVID-19
A European Commission economic recovery plan to boost the EU's troubled economy due to the pandemic shows renewables may get some part of the €1 trillion package being planned for various industries.
ACME Solar Wants To Scrap 600 MW Project
Fate Of 600 MW Solar Project With INR 2.44/kWh As One Among Lowest Winning Tariffs In India Uncertain As ACME Solar Cites Force Majeure Events Including COVID-19 To Terminate Power Purchase Agreements
Even as India slowly starts opening its market post an extended pandemic related lockdown, there seems to be trouble brewing in the solar industry.
Over 30% Solar Jobs Loss In 36 US States
COVID-19 To Take Away 38% Expected Solar Jobs In US By June 2020 As Solar Deployment Is Expected To Drop By 1.7 GW In Q2/2020, Says SEIA
Echoing a recent job loss estimate in the US clean energy space from ACORE and partners, SEIA now claims the US solar industry has lost 65,000 jobs since February 2020 when the pandemic surfaced in the country and by June 2020 there will be much less jobs than previously expected.
INR 900 Billion For Indian Electricity Discoms
COVID-19: Glimmer Of Hope For Renewable Energy Generators In India As Government Announces INR 900 Billion Economic Package For Discoms To Pay Dues To Transmission & Generation Companies
Discoms are expected to pay off their dues with INR 900 million Prime Minister Narendra Modi (in the picture) headed government has awarded them as part of a COVID-19 economic stimulus package which should give renewable energy generators hope to have at least some of their outstanding fees cleared soon.
German PV Equipment Orders Fell 50% In Q4/2019
German Solar PV Equipment Makers Experienced 50% QoQ Drop In Incoming Orders in Q4/2019; COVID-19 Makes Recovery From Slump Uncertain, But Industry Senses Opportunity In Pandemic, Says VDMA
The pandemic has dealt a blow to the Germany's solar PV equipment manufacturing industry that currently depends on Asia, especially China as a major contributor to its sales.
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