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Europe’s SOLEK Closes $379 Million Financing for Chile Solar Projects

European renewable energy firm SOLEK has closed a $379 million financing for its portfolio in Chile, consisting of solar photovoltaic utility-scale and PMGD (Small Means of Distributed Generation projects in chile). The solar power projects will come up in the Central Region. SOLEK claims to be a fast-growing company in the renewable energy sector. It […]

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Top Automakers in Japan, India Lag in EV Transition: Report

A latest report from the International Council on Clean Transportation (ICCT) claimed that the top automobile companies in Japan and India are lagging behind in transitioning from a fossil-fuel-based regime to an Electric Vehicle (EV)-based market.  The report evaluated automakers on their performance and strategy across a set of measures related to their current position in the […]

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In 2022, India Among 3 Countries Accounting for Nearly 90% of Installed Capacity for Manufacturing Solar Modules: IEA

A latest report by the International Energy Agency (IEA) claimed that China would continue to withhold its globally dominant position in solar module manufacturing capacities even in 2030. The report estimated the likely production capacities of solar modules in different countries by 2030 if the announced projects are implemented.  The report titled ‘The State of Clean Technology […]

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India Among Top 5 Global Destinations In RE Investments: IEA Report  

A latest report by the International Energy Agency (IEA) claimed that India was among the top five countries globally to receive the highest investments in the renewable energy sector since 2019. The report titled ‘World Energy Investment 2023’ explores investment in the global power markets.  The global report also termed the Indian solar market ‘dynamic.’ However, […]

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GE Vernova Invests $50 Million To Develop 6.1 MW Turbines

As wind energy progresses in North America, GE Vernova is going to invest $50 million at its Schenectady facility in New York as the site will assemble three key components for GE Vernova’s 6.1 MW turbine.  In addition, GE Vernova said it would hire 200 new skilled union operators, manufacturing engineers, and front-line leadership to […]

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Enel To Build Billion Dollar Solar PV Factory In Oklahoma

Renewable energy major Enel North America, through its affiliate 3Sun USA, has selected Inola in Oklahoma, USA, as the location to set up its industrial-scale manufacturing facility for American-made photovoltaic (PV) cells and modules. Enel said the new factory is expected to have an annual production capacity of 3 GW. It represents an initial investment […]

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Repsol To Invest €500 Million For 1.7 GW Renewables In Italy

Repsol will develop renewable projects in Italy totalling 1,768 MW. It has a portfolio in the country that, once fully operational, will add 943 MW of wind and 825 MW of photovoltaic solar projects to the multi-energy company’s portfolio of renewable projects. More than 60% of the projects in Italy are at an advanced stage […]

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Canadian Solar To Deliver 363 MWh Energy Storage To Aypa Power

Global renewable energy major Canadian Solar has announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co. Ltd., will deliver 363 MWh of battery energy products to an Aypa Power project in Texas. Canadian Solar said in its official statement that the project is expected to reach commercial operation by […]

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