Solar News

Genex Power Appoints UGL as Preferred EPC Contractor for 270MW Kidston Solar Power Project

UGL is a wholly-owned subsidiary of Australian publicly listed company CIMIC Group Limited, which is a world-leading infrastructure, mining, services and public private partnerships group. Genex Power Limited has announced the appointment of UGL as EPC in relation to the development of the 270MW Kidston Stage 2 Solar project (K2-Solar) at Kidston, North Queensland. The […]

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Saudi Arabia to Establish $51.22 Million Solar Plant in Bangladesh

The solar power plant is expected to produce 40MW to 100 MW of power in Bangladesh and will be completed within six months. Saudi Arabia has signed solar power agreement in Dhaka to set up $51.22 Million solar plant in Bangladesh. The agreement was signed between the Federation of Bangladesh Chambers of Commerce and Industry […]

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Europe Moves to Grow Green Economy at Paris Climate Meeting

European leaders in Paris called for a sector-by-sector approach to investments that makes good use of the single market in the European Union. Commemorating the Paris climate agreement, European leaders said they are committed to establishing the bloc as the destination for green development. European and international delegates are in Paris for a series of […]

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Scatec Solar Secures 40 MW Solar Power Project in Malaysia

The solar power plant, located in Northwest Malaysia, is expected to produce 65 GWh of electricity per year with annual revenues of about USD 6 million. Scatec Solar and Fumase have won the contract to develop a 40 MW solar power project in a tender held by the Energy Commission in Malaysia. The power plant, […]

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GST Increases Cost of Solar Projects by 12 Percent, Says AISIA

Under the current GST regime, “solar power cost will see upward escalation”, the All India Solar Industries Association said. The Goods and Services Tax (GST) has led to 10-12 percent rise in overall cost of solar projects, the All India Solar Industries Association has said, while petitioning the government against the rise in tax incidence […]

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NEXTracker Announces Series of Energy Storage Systems

NEXTracker’s energy storage portfolio provides customers with configurable and intelligent solutions for new and retrofitted power plants and stand-alone applications. NEXTracker, a Flex company has announced NEXTracker Energy Storage Solutions, a portfolio of products that includes NX Drive and NX Flow. NX Drive is a standardized battery enclosure system for generation-plus-storage or stand-alone storage applications. […]

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Schneider Electric Commits Generate Electricity From 100% Renewable Energy by 2030

The commitments are yet another step in Schneider Electric’s journey to becoming carbon neutral by 2030. Schneider Electric, the leader in digital transformation of energy management and automation, has committed to sourcing 100% renewable electricity and is throwing light on the doubling of its energy productivity. The company strongly believes it cannot go renewable without […]

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Solar Panel Warranty Insurance Policy Introduced by ICICI Lombard

The park developers and park owner will be the sole beneficiary as insured, which the Solar Panel Warranty Insurance aims to cater at large. Solar park developers can now be covered by ICICI Lombard General Insurance, the company recently announced. While announcing the company stated “The standalone insurance product gives comfort to lenders and investors […]

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