India

Andhra’s attempts to renegotiate PPAs to hamper renewable operators’ cash flows: Fitch

Mumbai : The Andhra Pradesh government’s attempts to renegotiate its agreements to purchase solar and wind power will hamper the generators’ operating cash flows, Fitch Ratings said on Wednesday. The ratings firm said that it expects the Andhra Pradesh government to face vigorous challenges from the operators of renewable power projects and the Central government. […]

Energy Storage

EBRD looks to boost equity investments in Egypt

CAIRO : The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said. The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company, among […]

Research

Switching to renewable energy reduces carbon emissions but at the cost of increased energy poverty

Renewable energy consumption reduces carbon emissions more effectively when it occurs in a context of increasing inequality. Switching to renewable energy sources from fossil fuels can help reduce carbon emissions but at the expense of increased energy inequality, claimed a study. The study published in the journal ‘Energy Research & Social Science’ found that renewable […]

Asia - Pacific

ReneSola Signs Agreement to Sell 12.3MW of China Rooftop DG Projects

SHANGHAI: ReneSola Ltd (“ReneSola” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading solar project developer, today announced that it had entered into an agreement to sell two project companies – including ten rooftop DG projects located in Zhejiang Province – to Shanghai Hongzuo New Energy Company. The ten rooftop projects have an aggregate capacity of […]

Europe & UK

Q CELLS supplies low-carbon modules to 4.5 MW solar plant in France

The largest ground mounted solar plant in France’s Brittany region was connected to the grid in early July, powered by 14,600 Q.PEAK-G4.2 solar modules – supplied by Q CELLS. Berlin, Germany: Hanwha Q CELLS GmbH (“Q CELLS” or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the […]

Americas

Pegasus Group Holdings Acquires Solar Innovator Plus Minus Power

LAS VEGAS : Pegasus Group Holdings, a technology infrastructure company specializing in renewable energy projects, today announced the acquisition of Plus Minus Power, a leader in renewable energy operations. Plus Minus Power provides a range of services that create, manage, maintain and monetize products that focus on reducing grid dependency and maximizing renewable energy self-consumption. […]

MEA

EBRD looks to boost equity investments in Egypt

CAIRO : The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said. The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company, among […]

PV Manufacturing

RECOM to increase module capacity with manufacturing plant in Belarus

European renewable energy company RECOM is investing in a new PV module manufacturing facility in Belarus to increase its European production capacity. The facility, at a distance of 2 km from the Minsk international airport, is currently at its late phase of construction and will become fully operational end of October 2019 with 300MW annual […]

Business & Finance

PlanetiQ Secures $18.7 Million Series B Financing Round

PlanetiQ, the high-definition satellite-based weather forecasting and analytics company, announced that it has completed an $18.7 million Series B round of financing. New Science Ventures and AV8 Ventures co-led the investment round with participation from existing and new investors, Valo Ventures, Kodem Growth Partners, Access Venture Partners, Virginia Tech Innovation Fund, Hemisphere Ventures, Service Provider Capital, […]

Solar Off Grid & Roof Tops

Rooftop solar power installations grow at 1,836 MW in FY19

Rooftop solar power installations in India grew at a robust pace in FY19, with the country adding a record 1,836 MW. At the end of FY19, the installed rooftop solar power generation capacity stood at 4,375 MW, soaring 72 percent over FY18. The fresh capacity additions came across commercial, industrial, public sector, and residential projects. […]

Solar Balance of Systems

Press release: Hartek Power’s solar EPC portfolio surpasses 500 MW

Chandigarh-based Hartek Power Pvt Ltd, one of India’s fastest growing Engineering, Procurement and Construction (EPC) companies, has successfully connected 270-MW solar projects spread across Punjab, Uttar Pradesh and Karnataka to the grid. With the commissioning of these projects, the power systems EPC portfolio of Hartek Power has surpassed 500 MW in solar power projects. Cashing in […]

Solar Inverters

ABB To Deliver Unique Solar Solution For Costa Rica

ABB has delivered a unique solar solution enabling Costa Rica’s largest solar park to provide a clean and independent power supply to 10% of the country’s population, supporting Costa Rica’s ambition to ensure 100 percent of its energy comes from renewable sources. ABB has supplied its award winning PVS-175 high power inverters to Costa Rica’s […]

Renewable Energy

AP Moller Holding makes first moves in the renewable energy market

A.P. Moller Holding, which controls Denmark’s A.P. Moller-Maersk, made its first move into the renewable energy market yesterday, revealing it will buy local wind turbine supplier KK Group from Swedish private equity Solix Group. “Denmark is the leading hub for the wind industry worldwide with significant global growth potential. We look forward to supporting KK […]

Electric Vehicles

FAME 2: GOVERNMENT OF INDIA SEEKS PROPOSALS FOR ELECTRIC VEHICLE CHARGING SET-UP IN INDIA

The Indian Government seems to be taking the right steps to curb pollution in the country, in addition to reduce the dependence on conventional sources of fuel. The Union Budget 2019, which did not bring much relief for conventional car manufacturers, had announcements in favour of the EVs in India. And now the GOI has […]

Solar Jobs

Design Engineer (solar Energy)

Job Description: 1. Leading the Design and/or Detailed Engineering of Solar PV projects 2. Minimum experience of Solar PV Projects : 25MW 3. Thorough knowledge of Energy Estimation 4. Software Skills : PV Syst, CAD Salary: INR 8,00,000 – 10,00,000 P.A. Industry:Oil and Gas / Energy / Power / Infrastructure Functional Area:Engineering Design , R&D […]