Energy Storage

Corporate funding into battery storage has exceeded US$11 billion so far this year – EQ Mag Pro

Companies in the battery storage sector attracted US$11.4 billion in corporate funding in the first nine months of 2021, a 363% rise on the same period of last year. Similarly, venture capital (VC) funding into the sector increased considerably: US$5.5 billion was raised from 59 deals, compared to just US$1.2 billion in 21 deals over […]

Asia - Pacific

AIIB to Fully Align with Paris Agreement Goals by Mid-2023

Currently projects USD50 billion investment for climate finance by 2030 The Asian Infrastructure Investment Bank (AIIB) announced today that it will align its operations with the goals of the Paris Agreement by July 1, 2023. The Bank currently estimates its cumulative climate finance approvals to be USD50 billion by 2030. This amount would represent a […]

Europe & UK

EDF Renewables UK sells 49% stake in Blyth wind farm to Malaysia’s TNB

EDF Renewables UK said on Wednesday that it sold a 49% stake in its Blyth offshore windfarm in Northeast England to Malaysian utility Tenaga Nasional Berhad (TNB). TNB, which is the largest electricity utility in Malaysia, will own the stake via its wholly owned subsidiary Vantage RE Ltd (Vantage RE). EDF Renewables UK will remain […]

Americas

Opportunities for UK businesses in the net-zero transition

Supplying the goods and services to enable the global net-zero transition could be worth £1 trillion to UK businesses by 2030. here is wide-ranging consensus on the imperative to decarbonize the global economy in order to mitigate the significant physical, economic, and societal risks from climate change.1 Clarity is also emerging about the pace and […]

MEA

Scientists urge speedy switch to renewables in Middle East

Governments have to make the switch within the next two decades to avert potentially “irreversible effects” such as desertification. NICOSIA, Cyprus: A climate change conference will underscore to policymakers in the Middle East and the east Mediterranean that the switch from fossil fuels to renewable energy sources is needed urgently because greenhouse gas emissions are […]

PV Manufacturing

Meyer Burger Secures EUR 185 mMillion Debt Financing For Further Expansion of Cell and Module Capacity Starting Production in 2022

The Meyer Burger group closes a syndicated loan agreement for EUR 125 million and a factoring agreement for EUR 60 million. The debt financing of EUR 185 million serves to expand the annual production capacity to reach 1.4 GW of solar cells in Thalheim (Bitterfeld-Wolfen), Germany and 1 GW of modules in Freiberg, Germany. Meyer […]

Business & Finance

Clearway Energy Gains on $1.9-Billion Sale of Thermal Unit to KKR

Clearway Energy stock (NYSE:CWENa) rose 2.6% on Monday as the company sold the thermal business housed under a subsidiary to KKR (NYSE:KKR) for $1.9 billion. The subsidiary, Clearway Energy Operating, expects total net cash proceeds of approximately $1.3 billion under the deal. The thermal Business, commercially known as Clearway Community Energy, comprises infrastructure assets that […]

Solar Off Grid & Roof Tops

Australia Installs Record-Breaking Number of Rooftop Solar Panels

Australia installed its highest ever number of rooftop solar photovoltaic (PV) panels in 2020, according to Clean Energy Regulator data analysed by energy efficiency experts from Australia’s national science agency, CSIRO. Data from the Clean Energy Regulator analysed by CSIRO shows that in 2020, around Australia, over 362,000 rooftop solar PV installations were issued with […]

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

Ingeteam’s Hybrid Inverter is Compatible With the BYD Premium High Voltage Batteries

Ingeteam and BYD have tested and certified at their respective R&D laboratories, the compatibility of the BYD Battery-Box Premium HVS and HVM high voltage batteries with Ingeteam’s INGECON® SUN STORAGE 1Play TL M hybrid inverter (solar-plus-storage inverter). The use of both items of equipment together makes it possible to create hybrid systems that combine PV […]

Renewable Energy

Singapore to launch standards for renewable energy certificates

Singapore plans to launch standardised guidelines for renewable energy certificates, part of efforts to decarbonise its power sector and develop a regional grid, a minister said on Tuesday. The certificates, called RECs, are market-based instruments substantiating that electricity has been generated from renewable energy sources. One certificate represents that one megawatt-hour (MWh) of electricity was […]

Solar Jobs

Vacancy circular for the post of Chairperson, JERC for Goa and UTs dated 14th October 2020

Vacancy circular for the post of Chairperson, JERC for Goa and UTs dated 14th October 2020 For more information please see below link: Related posts: Petition in respect of seeking approval for Domestic SPV Power Plant under RESCO with BOT Model Sr. Executive / Asst. Manager Electronics Design Engineer Solar Site Planning Analyst / Technician