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McDermott Joins AquaVentus Consortium for Green H2 Production

Texas-based McDermott has joined AquaVentus, a growing consortium of more than 70 companies, organizations and research institutions collaborating toward green hydrogen energy production in the North Sea. AquaVentus unites international industry leaders with a shared vision for advancing hydrogen’s role as a low-carbon, affordable energy solution-combining their unique expertise to make that future a reality. […]

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Tesla’s Li-ion Battery Inaugrated at World’s Largest Solar Farm

Dubai Electricity and Water Authority (DEWA) has inaugurated a pilot project for energy storage at the Mohammed bin Rashid Al Maktoum Solar Park using Tesla’s lithium-ion battery solution. The project has a power capacity of 1.21 MW and an energy capacity of 8.61 MWh with a life span of up to 10 years. “The energy […]

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Chariot to Build 10 GW RE-powered Green H2 Complex in Mauritania

London-based Chariot has signed a memorandum of understanding with the Mauritanian government for green hydrogen, reports afrik21. The company wants to produce and export this less CO2-emitting energy. Mauritania could be home to one of the largest green hydrogen production projects in Africa. This is the aim of the memorandum of understanding signed recently between […]

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Phelan Energy Unveils New Floating Solar Panel Tech

Phelan Energy Group (PEG) unveiled a new floating solar panel at the SolarPlaza, Floating Solar conference, in Amsterdam, Netherlands, yesterday. This new concept design and efficiency will make its power output price competitive, or lower than land based solar systems, said Chairman Paschal Phelan. Floating PV has been hailed for its huge potential in the next […]

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Enpal Raises €345 M for New Solar Projects in Germany

To accelerate the development of solar energy in Germany, solar solutions provider Enpal has secured debt commitments of €275 million from internationally leading investors BlackRock, Pricoa Private Capital (the private capital business of PGIM), and UniCredit in its recent round of fundraising. In addition, further institutional commitments of €70 million were signed in the form […]

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Solar Hybrid Systems Firm Zola Electric Raises $90 million

ZOLA Electric, the Amsterdam, Netherlands-based renewable energy technology company solving Energy Access and Energy Equality in emerging markets, has announced the successful completion of a $90 million capital raise, comprised of $45 million of equity, $45 million of debt. The firm has a strong footprint in Africa for now, with its ZOLA flex plug-and-play, connected, […]

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Sterling & Wilson Commissions 66 MWp Solar Energy Project in Jordan

Sterling and Wilson Solar Limited, a leading solar EPC and O&M solutions provider, has commissioned a 66 MWp Al Husainiyah solar power plant in Jordan. The project, located on an area of 1.3 sq. km in Ma’an Governorate, 200 km south of Amman, was executed with more than 850,000 safe manhours during the pandemic, by […]

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AIIB and IRENA Team-Up to Accelerate Asia’s Energy Transition

The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilize greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […]

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Sungrow Reports $1.26 Billion Revenue in H1 FY21

Inverter solutions supplier Sungrow has released its semi-annual report, reporting a net income of 757 million yuan (about 116.42 million US dollars), with a year-over-year increase of 69.68%, in H1 FY21. The company’s revenue was 8.21 billion yuan (1.26 billion US dollars) during this period, with a year-over-year increase of 18.27%. The highlights of H1 FY21 […]

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