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Electricity Market

Blume Ventures Invests $2.5 Million in Solar Financing Platform Aerem

Mumbai-based solar financing platform, Aerem has raised $2.5 Million in funding in a pre-series round from Blume Ventures, a New Delhi-based capital firm. The funding money ($2.5 Million) raised will go toward expanding the loan book, developing the technological platform that will enable seamless, end-to-end digital engagement with diverse stakeholders, and hiring teams that include […]

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Microsoft Datacenter Batteries To Support Growth Of Renewables On The Power Grid

Global software giant, Microsoft has announced that it will deploy its ‘grid-interactive UPS technology’ at the datacenter maintained by the company in Dublin, Ireland later in 2022. The objective is to demonstrate that these kinds of technologies can help decarbonize power grids across the world. Microsoft holds that the renewable energy from 400 wind farms […]

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Eurowind Set To Build 2.5 GW ‘Energy Centres’ in Denmark

Europe’s major renewable energy player, Eurowind Energy has announced its plans to develop five renewable energy projects called ‘Energy Centres’ in Denmark. These projects will be based on land and the total capacity will be 2.5 GW. Eurowind said that it is signing agreements with landowners to enable construction of the RE projects the land. […]

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Singapore Gets Its First Renewable Energy Import From Laos

Singapore’s Energy Market Authority (EMA) has said that the country has begun to import renewable energy from Laos through Thailand and Malaysia. The authority held that this is the first such transfer of RE into Singapore. In September 2021, a power purchase agreement (PPA) was signed between Keppel Electric of Singapore and Electricite du Laos […]

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Romania’s Biggest PV Project To Run With Sungrow Inverters

China-headquartered PV inverter and energy storage system solution supplier Sungrow Energy has announced its’ contract with Romania’s PV plant project named Ratesti PV plant. Under this contract, Sungrow will supply PV inverter to this Ratesti PV plant’s EPC service provider INTEC Energy Solutions. The total capacity of this solar project is 154 MW. According to […]

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IEA Report Pitches For More Diverse Solar Panel Supply Chains

The IEA has released a report stating that if the world is to securely transition to net zero emissions, it has to augment efforts towards the expansion as well as diversification of the worldwide production of solar panels. Currently, China has a dominant position in the market with regards to the supply chains of solar […]

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BYD Overtakes Tesla on EV Leaderboard To Become World’s Biggest EV Producer

China’s BYD has seized Tesla’s crown as the world’s biggest EV producer. This comes as a consequence of the number of sales reflected in the first six months of 2022, as per July 5 filing by the company. The Shenzhen-based carmaker sold about 641,000 new energy vehicles (NEVs), including electric vehicles and hybrids, in the […]

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Arctech To Supply Solar PV Trackers to Brazilian Project Worth 168MW

America based solar tracker manufacturer, Arctech has announced that it has signed an agreement with Mori Energia for the supply of solar PV trackers for a Brazilian solar power project worth 168 MW, SkyLine Project. The company says that the new order shows the dedication of Arctech to strengthen its foothold in Brazil and expand […]

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Grid-Scale Energy Storage Systems Are The New Evolution for Energy Sector

 In the next decade, Energy Storage Systems (ESS) is tipped to make its mark in the power industry. The most recent standalone ESS tenders from Solar Energy Corporation of India and NTPC are poised to increase capacity and augment the growth of the regional ecosystem.   India’s goals for renewable energy will depend heavily on […]

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