Canadian Solar Financial Results Q1 FY21 Out; 32% YoY Rise in Revenue Updated On Fri, May 21st, 2021 by Saurenergy Guelph-headquartered solar PV modules manufacturer Canadian Solar Inc. yesterday announced its financial results for the quarter ended March 31, 2021, reporting a 32% YoY increase in revenue and a net income of $23 million. In Q1 2021, the company’s solar module shipments were 3.1 GW, compared to guidance of 3.0 GW to 3.2 GW. Net revenue […] Read more
About 7 GW of Unsigned PSAs Pose Risk to RE targets: CRISIL Updated On Thu, May 20th, 2021 by Saurenergy In a press release today, CRISIL Research said that delays in power supply agreements (PSAs) for about 7 GW of the bid out renewable energy projects might lead to 35 per cent shortfall in the 160 GW renewable energy capacity target set for the end of calendar year 2022. This delay may, however, not impact […] Read more
Power Factors Set to Acquire Software Platform 3megawatt Updated On Wed, May 19th, 2021 by Saurenergy Costa Mesa-headquartered Power Factors, LLC, a leading renewable energy software provider in the U.S., announced today its entry into a definitive agreement to acquire 3megawatt GmbH, the German developer of the best-in-class BluePoint asset management software platform. Power Factors, LLC, offers hardware-agnostic software-as-a-service solution for performance monitoring, asset management, and optimization. 3megawatt’s mission is to […] Read more
South Korean Scientists Work to Lower H2 Storage & Transportation Costs Updated On Wed, May 19th, 2021 by Saurenergy In a recent study published in Renewable and Sustainable Energy Reviews, a team of scientists at Gwangju Institute of Science and Technology (GIST) explore the possibility to trap hydrogen inside ice-like crystals to make its storage and transportation less demanding. Hydrogen (H2) is increasingly being posited as a key clean fuel for our transition to an […] Read more
Solar Tracker Maker PVH set to Open First Solar Facility in the Middle East Updated On Wed, May 19th, 2021 by Saurenergy California-headquartered PV Hardware (PVH), a Spanish solar tracker and mounting systems manufacturer, announced yesterday its plans to open a manufacturing facility in Saudi Arabia. The company’s first factory and branch in the Middle East will manufacture PV structures, solar tracking systems and robotic cleaning devices ‘Made-in-K.S.A.’, in response to the rules for domestic content recently outlined […] Read more
Praj Industries Brings New Biotechnology by Producing “Bio-bitumen” Updated On Wed, May 19th, 2021 by Saurenergy One of India’s proficient biotechnology firms, Praj Industries today announced that it has achieved a milestone in innovation technologies by producing a Bio-bitumen based on lignin. As per the firm’s claim, Praj’s Bio-bitumen samples processed from purified Lignin, as a part of their flagship CHAPLIN program, have been approved by the Netherlands-based Circular Biobased Delta […] Read more
Maxeon’s New Silicon-based Solar Panels Coming Out This Summer Updated On Wed, May 19th, 2021 by Saurenergy Headquartered in Singapore, solar manufacturer Maxeon Solar Technologies Ltd. announced today that it will release a new line of frameless, thin, lightweight, glass-less, and flexible silicon-based solar panels this summer called Maxeon Air. The panels will be made available in select European markets in the second half of 2021, before a general global release in the […] Read more
Great First Three Months of 2021: Installed Wind Power in U.S. up by 40% Updated On Tue, May 18th, 2021 by Saurenergy The American Clean Power Association (ACP) released its Clean Power Quarterly Market Report last week, which shows that U.S. project developers installed nearly 40% more wind power in the first three months of 2021 than in the first three months of 2020, the strongest year ever for clean power. This amount of development also represents nearly […] Read more
DMG and Argo Team Up To Decarbonise Cryptocurrency Updated On Tue, May 18th, 2021 by Saurenergy In a joint statement released yesterday, DMG Blockchain Solutions Inc. and Argo Blockchain Plc announced their partnership in the Crypto Climate Accord (CCA) to promote the decarbonization of the cryptocurrency industry. Alongside the CCA, DMG and Argo are developing a new working group to more clearly outline the CCA’s objectives, while deploying new technologies that […] Read more
