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The Top 5: Factors Affecting The Price Of Solar Power

Solar energy has grown exponentially in recent years thanks to the global trend of developing low or zero-emission energy. Clocking exponential growth, solar is on the verge of entering a new era of Terawatt solar. SolarPower Europe’s latest Global Market Outlook reveals that worldwide, global solar capacity doubled in 3 years from 2018, bringing the […]

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High Energy Prices Could Trip Up European Solar Manufacturing Plans-Rystad

Energy Research Agency Rystad Energy has warned that record high electricity prices across Europe are damaging the continent’s attempts to build a reliable low-carbon supply chain and reach its decarbonization targets, as solar and battery manufacturers face mounting costs. The warning comes even as renewable power producers in the continent have pushed for keeping the […]

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GoodWe Expands Phase II Manufacturing Base, Capacity Upto 30 GW Now

China-based Global Inverter player GoodWe has expanded its  production capacity to 30 GW, post the inauguration of its manufacturing expansion at Guangde, Anhui province of China. For GoodWe, which enjoys leadership in the storage inverter space the expansion follows the strong growth and success it has had worldwide for its products, enabling the firm to […]

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Coping With Volatility- The New Reality Of EPC Contracts

Engineering, procurement and construction (EPC) firms are operating in an environment of uncertain, complex and ambiguous conditions. They are hit hard by rising commodity prices and cost escalation, exacerbating pressure on margins. The need of the hour is to work transparently and find collaborative solutions to arrive at win-win solutions to manage volatility. Total installed […]

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Whirlpool To Reach 100 Percent Renewable Electricity For US Plant Operations By 2023

Global kitchen and laundry company Whirlpool Corp. has announced that it has entered into a second wind Virtual Power Purchase Agreement (VPPA) with Engie North America to accelerate progress towards its commitment to reach Net Zero emissions in its plants and operations by 2030. Whirlpool said that this agreement with Engie will represent 53 MW […]

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Hitachi Energy to Enable Renewable Electricity Transmission Between Canada & New York

Global tech leader Hitachi Energy working on sustainable energy has announced that it has been selected by Transmission Developers, a Blackstone company specialized in renewable power development, for the supply of a high-voltage direct current (HVDC) converter station. Hitachi Energy said that this converter station is a key part of the transmission solution for the […]

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Prozeal Infra Secures 14 MW of Solar EPC Tender from Gujarat State Electricity Corp.

Gujarat State Electricity Corporation Ltd (GSECL) has awarded an 14 MW of solar EPC contract to Ahmedabad- based solar EPC company Prozeal Infra. The projected bid value for this EPC LOA was 82.23 Cr.  Design, engineering, supply, procurement, construction, testing, and commissioning will be handled by Prozeal Infra, along with five years of operation and […]

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SolarPower Europe Demands EU Windfall Measures to Target Actual Profits Only

Trade body SolarPower Europe has said that windfall revenue measures of power generators in Europe should target actual profits only and make an exemption for renewables that do not make windfall profits. It “should therefore not be subject to windfall measures,” it further added. The move comes even as energy prices across Europe test new […]

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Ceylon Electricity Board Floats Tender for Solar PV Plants

The Ceylon Electricity Board (CEB) is seeking proposals from potential developers (project proponents) for the construction of ground-mounted and floating solar PV power plants with a combined capacity of 30 MW on a build-own-operate basis with a 20-year operational period.  The deadline for proposal submissions is October 27, 2022.  Within 10 months of the power […]

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