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energy markets

Sungrow Reaches Milestone for Sending 5 GW in Latin America

Sungrow, which provides inverter solutions for renewable energy, announced at Intersolar South America 2021, held in São Paulo from Oct. 18-20, that its shipments cumulative sales for Latin America exceeded 5 GW. This demonstrates Sungrow’s commitment to sustainable development and efforts to diversify the local energy sector and decarbonise, said the company. With a continuous […]

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Enpal Secures €150 M from SoftBank to Battle Climate Crisis

Just weeks before world leaders gather at the UN Climate Change Conference (COP26) in Glasgow in November to discuss measures to address the climate crisis, German solar start-up, Enpal, has announced that it has closed a EUR 150 million($174 million)  investment from SoftBank Vision Fund 2. The firm uses uses AI for provisioning and installing […]

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Iberdrola to Invest £6 B in UK Offshore Wind Complex

Spanish electric utility Iberdrola, through its subsidiary Scottish Power, plans to invest £6 billion in developing an offshore wind complex – East Anglia Hub – in the UK, the company’s biggest investment anywhere in the world and one of the largest offshore wind projects worldwide. Iberdrola’s chairman, Ignacio Galán, announced this undertaking at the Global […]

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Navitas Semiconductor to Begin Trading on Nasdaq on Oct 20

California-based solar equipment supplier Navitas Semiconductor has announced the completion of its business combination with Live Oak Acquisition Corp. II. Live Oak II stockholders overwhelmingly approved the transaction on October 12, 2021 with over 98% approval rating. Gallium nitride (GaN) is a next-generation semiconductor technology that is said to run up to 20x faster than […]

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ISA and Bloomberg Philanthropies In Partnership for $1 Trillion Target

Bloomberg Philanthropies and the International Solar Alliance (ISA) have partnered to mobilise $1 trillion in global investments for solar energy across ISA’s member countries. The two organizations will kick off the partnership by working with World Resources Institute (WRI) to develop a Solar Investment Action Agenda and a Solar Investment Roadmap, which will be launched at COP26 and in […]

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Reliance Adds NexWafe In Strategic Bets with EUR 25 million Investment

Reliance Solar Energy Limited (RSEL), the subsidiary fronting renewable energy investments from Reliance Industries, has entered into an agreement with Germany-based NexWafe GmbH (NexWafe) for acquiring 86,887 series C preferred shares of face value of EUR 1 each. RSEL will also be issued 36,201 warrants which are exercisable for a consideration of EUR 1 per […]

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Tata Power Solar to Set Up 100 MW Solar Projects in Maharashtra

Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, has received Letter of Award (LoA) to build 100MW of distributed ground mounted solar projects for Energy Efficiency Services Limited (EESL). The total order value of projects is ÌNR 538 crores. The commissioning date of the projects is […]

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Global Microgrids Market to Reach $46 B by 2026, China to be at $12 B

Global market for microgrids estimated at US$27 billion in the year 2020, is projected to reach a revised size of US$46.5 billion by 2026, growing at a CAGR of 9.3% over the period, according to a new report. Key highlights of the “Microgrids: Global Market Trajectory & Analytics” report are given below: Global Micro Grids Market to […]

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