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To reduce pollution caused due to fossil-fuel-powered ICE vehicles, the techno-world has developed and adopted various technologies to substitute fossil fuel as a source of energy. Electric cars have been one of the biggest bets to achieve zero-emissions mobility. Some of the automotive giants like Volkswagen Group, General Motors, etc., have already begun to sweep […]
In a major deal in the South American renewable energy market, Canadian Solar Inc. today announced it signed an agreement with SPIC Brasil to sell 70% stake in its 738 MWp solar power projects – Marangatu and Panati-Sitia in Brazil. SPIC Brasil is a leading power generation company in Brazil. SPIC Brasil is a leading […]
North Africa is the receiver of the highest irradiance on the planet and there is an increased focus on pushing more solar projects in the region. For the same, the African Development Bank (AfDB), MASEN and RES4Africa have agreed to join forces on a dedicated solar energy training programme in 2022. The official statement by […]
Quebec, Canada based Boralex Inc. has announced five solar farms totaling 540 MW of generation and 77 MW of storage have been selected by the New York State Energy Research and Development Authority (NYSERDA) as part of its 2021 request for utility-scale renewable energy certificates. Once constructed, the solar farms will generate more than 1 […]
Researchers at the Germany based Fraunhofer Institute for Solar Energy Systems ISE, using a new antireflection coating, claimed on May 30 to have successfully developed the most efficient solar cell of the world. Presenting the results at the 2nd International tandem PV Workshop in Germany, the researchers claimed to have increased the efficiency of the […]
Norwegian Renewable energy player Statkraft has announced the commissioning of its first solar power project of a large scale in India. It has brought live a 76 megawatt (MW) Nellai solar installation at Ettanakulam in Tirunelveli district of Tamil Nadu. Statkraft is already the leading player in renewable energy in Europe and has an ambition […]
India’s largest hydropower generation firm NHPC Ltd expects that three contracts recently awarded to Adani Infra, Tata Power Solar and Sri Sai would commission the 1 gigawatt solar power project by November 2023. Adani Infra, Tata Power Solar and a joint venture of Sri Sai had bagged the contract for producing 600 MW, 300 MW […]
The European Union has recently decided to rapidly end its reliance on Russian oil and gas by making it mandatory for all new buildings to have solar panels. A news report published last week quoted the European Commission as saying, “There is a double urgency to transform Europe’s energy system: ending the EU’s dependence on […]
Leading American Solar loan provider GoodLeap (formerly Loanpal), announced on May 23 the closure of GoodLeap Sustainable Home Solutions Trust 2022-2 following the securitisation of residential solar loans worth $467 million to approximately 11,000 homeowners. Originated on the GoodLeap platform, the securitization was underwritten by Credit Suisse and Goldman Sachs. Tanguy Serra, GoodLeap’s President and […]
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