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Electricity Market

REC Sales Down 61 Percent in July

Sale of REC declined by 61 percent to 6.29 lakh units in July as compared to 16.18 lakh in the same month a year ago due to lower supply Sale of renewable energy certificates (REC) declined by 61 percent to 6.29 lakh units in July as compared to 16.18 lakh in the same month a year ago […]

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US Wind Pipeline Stands at Nearly 42 GW, 736 MW Commissioned in 2nd Quarter

US wind pipeline development activity rose to a new high point in the second quarter of 2019, according to new data released by the AWEA US wind pipeline development activity rose to a new high point in the second quarter of 2019, according to new data released by the American Wind Energy Association (AWEA). Strong […]

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Focus on Energy Storage: Size and Costs Finally Promise a Breakthrough Soon

For everyone counting on renewables to replace the pollution and carbon emissions of fossil fuels, energy storage has been the missing link in a wholesale shift to renewable energy. Energy storage, even though being discussed widely today, has been around for a while. Basic storage batteries have been used since the early 1800s, when Alessandro […]

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IFC, EIB and Proparco to Finance Constriction of 2 Solar Plants in Senegal

Proparco, IFC and the EIB have granted loans totaling EUR 38 million for the construction and operation of two solar power plants in Senegal. Proparco, the International Finance Corporation (IFC) and the European Investment Bank (EIB) have granted loans totaling EUR 38 million for the construction and operation of two solar power plants in Senegal. […]

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Energy Storage to Grow 122-Fold Over Next 2 Decades: Report

Energy storage installations around the world will grow exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040 Energy storage installations around the world will grow exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). The 122-fold boom […]

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Hanergy and TAM Co-Develop Buses With Solar Roof Systems

Global Solar Energy (Hanergy GSE) & TAM-Europe have recently co-developed China’s first airport shuttle bus thin-film roof system. The world’s largest thin-film power solution company, Hanergy Thin Film Power Group, has announced that its US-based subsidiary, Global Solar Energy (Hanergy GSE) & TAM-Europe have recently co-developed China’s first airport shuttle bus thin-film roof system. Earlier […]

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JinkoSolar Hits New Milestones in July

In a significant development, the Chinese module maker supplied its highest efficiency mono panels for the world’s largest solar project of 1,177 MWp in Abu Dhabi. Adding another feather in its cap, JinkoSolar Holding has touched new milestones in the month of July, winning the Frost & Sullivan award for 2019 and supplying its highest […]

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WFEC, NextEra Sign PPA for Largest Combined Wind-Solar-Storage Project in US

WFEC has entered into a PPA with NextEra Energy, for the largest combined wind, solar and energy storage project in the US. Western Farmers Electric Cooperative (WFEC) has announced that it has entered into a power purchase agreement (PPA) with a subsidiary of NextEra Energy Resources, for the largest combined wind, solar and energy storage […]

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India Leads Asia Pacific With Lowest Renewable Cost: Report

India has emerged as the market leader with the lowest renewable energy cost in the Asia Pacific region. According to data furnished in a new report, India has emerged as the market leader with the lowest renewable energy cost in the Asia Pacific region. The report “Battle for the future: Asia Pacific renewable power competitiveness […]

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