The agreement was exchanged on Wednesday. India seems to want its relationship with Sri Lanka to be sunlit forever. An agreement to extend $100 million line of credit for solar energy projects in Sri Lanka was exchanged on Wednesday. This is the first major step forward in the relationship between the two countries ever since […]
Reservoir Link Expands Footprint Into Solar Energy Business
KUALA LUMPUR : Reservoir Link Energy Bhd is looking to diversify its business and enter the solar energy business. In a bourse filing today, the group said it has signed a share sale agreement with Lee Seng Chi to acquire a 51% stake in Founder Synergy Sdn Bhd (FESB) for RM21.17 million. This purchase consideration […]
Global Supply Chain Squeeze, Soaring Costs Threaten Solar Energy Boom
Soaring shipping freight rates along with higher costs for fuel, copper and labor are also pinching project costs, company executives said LOS ANGELES: Global solar power developers are slowing down project installations because of a surge in costs for components, labor, and freight as the world economy bounces back from the coronavirus pandemic, according to […]
SunAsia Partners With Singapore’s Blueleaf For 1.25-GW Solar Portfolio
LOCAL renewables firm SunAsia Energy, Inc. said on Thursday that it had teamed up with Singapore-based Blueleaf Energy to build a portfolio of solar energy projects in Luzon with a target capacity of 1.25 gigawatts (GW). “The partnership coincides with the forecast growth of the Philippine’s solar energy market. The country is increasingly focused on […]
China’s Dominance in Solar Energy Hard to Change
Trade barriers make domestic PV companies stronger Even while the coronavirus pandemic still impedes personnel exchanges in business sector as global travels are disrupted, the world solar industry practitioners were paying attention to a major industry exhibition recently after more than 140 countries and regions around the world had made net-carbon or carbon-neutrality goals. The […]
UAE-Based Solar Energy Start-Up Pawame Secures $2.5m and Launches $5m Series A Round
With a team of 80 employees and over 200 contract agents and technicians, Pawame plans to provide electricity to over 1 million people in sub-Saharan Africa that do not have access to grid power by 2025 Pawame plans to provide electricity to over 1 million people in sub-Saharan Africa that do not have access to […]
Pekat Eyes Up to 70% Revenue Contribution From Solar PV Division
KUALA LUMPUR : Pekat Group Bhd, en route to be listed on Bursa Malaysia’s ACE Market on June 23, expects to grow its solar photovoltaic (PV) division’s contribution to the group’s revenue to between 60% and 70% in the current financial year ending Dec 31, 2021 (FY21). The division’s contribution to the group’s total revenue […]
BP invests $220 million in U.S. solar development projects
The deal, for assets with a production capacity of 9 gigawatts, marks BP’s first independent investment in solar since buying a stake in Europe’s largest solar developer, Lightsource, in 2017. Energy major BP Plc on Tuesday boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy. The […]
Cambodia to Receive 450 Megawatts of Solar Power by 2022
The Australian Embassy in Cambodia will support the generation of up 450 megawatts of solar energy by 2022, as the sun is one of the most economical and environmentally friendly energy sources on earth. Cambodia has a lot of potential for solar energy that can be used to produce up to 44,000 megawatts of solar […]
Solar Is One Bank’s Answer to Nigerian Electricity Blackouts
The manager of Nigeria’s biggest pension fund is teeing up millions in financing for the renewables sector but it’s also embracing solar energy for the good of its own business. Standard Bank Group Ltd.’s Nigerian unit is aiming to run nearly half its offices on solar by 2022 to cut down on energy costs and […]