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Electricity Market

World Bank Inks Project to Scale up Renewable Energy Technologies in India

The World Bank has announced that it has signed agreements with the Government of India (GoI) and Solar Energy Corporation of India Limited (SECI) for a $150 million IBRD loan, a $28 million Clean Technology Fund (CTF) loan and a $22 million CTF grant. The objective of the financial agreements is to help India increase […]

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Canadian Solar to Mass Produce TOPCon Modules in 2023

Global solar conglomerate Canadian Solar has announced that its majority-owned subsidiary CSI Solar Co. Ltd. will start mass production of high efficiency N-type TOPCon (Tunnel Oxide Passivated Contact) solar modules in the first quarter of 2023. The move comes even as other industry majors like Jinko Solar and Trina Solar have indicated that n-type modules […]

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US, Canada, India will Make up 80% of Global Expansion of Biofuel Use: IEA

A study titled “Analysis and Forecast to 2027” has been released by the IEA (International Energy Agency). The IEA’s main analysis of the industry, Renewables 2022, is based on recent changes in market conditions and policy. It projects the adoption of renewable energy technologies for electricity, transportation, and heating through 2027 while also examining the […]

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Home Battery Storage: Are Car Companies Going Beyond EV Charging Systems?

The advent of electric vehicles as a new mode of mobility also boosted the market for electric vehicle (EV) charging systems worldwide. The market is expected to grow at a CAGR of around 30 per cent between 2021-2028. While the rise of EVs resulting in the growth of the EV charging market is understandable, automakers […]

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Verbund AG enters Italy with 250 MWp Solar PV Project

Verbund AG has announced that its Executive Board has approved the company’s market entry into the Italian market. Verbund AG has signed a cooperation agreement with the PV-Invest Group for the acquisition of a project development company including development of a solar photovoltaic (PV) project portfolio of up to 250 MWp. Verbund said that the […]

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Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar

Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […]

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Bp Takes Control Of AREH – Australia’s Largest Renewables Project

Global energy conglomerate bp has now officially taken over the operations at the Asian Renewable Energy Hub (AREH) – which is the largest renewable energy project in Australia – after it has acquired a 40.5 per cent equity stake in AREH. Situated in the Pilbara, Western Australia, bp held that the RE hub has potential […]

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Djibouti Inks Pact For 10-GW Renewables & Green Hydrogen Project

A Memorandum of Understanding (MoU) has been signed between renewable energy developer CWP Global and the government of Djibouti for the development of a 10-GW renewable energy and green hydrogen project in Djibouti. Djibouti presently has a mere 62% of its  population that has access to electricity. CWP Global held that the RE project is […]

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