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CMX Renewable Energy to build 150 MW solar farm in Vietnam’s Ninh Thuan province

Canada based CMX Renewable Energy Inc. has sought for license to build a 150-megawatt solar farm in Vietnam’s Ninh Thuan province at an estimated cost of US$150 million. The report comes at a time when the Vietnamese government is encouraging larger PV market within the country. The company has announced that full facility would take […]

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U .S. and Indian solar market to grow at triple-digit rates: GTM Research

GTM Research in its recently released Q2 2016 Global Solar Demand Monitor predicts slowdown in several large markets – China, Japan and the U.K , while  two other key markets – the U.S. and India will grow at triple-digit rates. The company in its report citing an 11% reduction in feed-in tariff levels and high […]

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SolarWorld’s groupwide shipments increased by 62 percent in Q1 of 2016

SolarWorld has revealed that its groupwide shipments have increased by 62 percent in Q1 of 2016, compared to previous year’s quarter. A total of 341 MW was shipped in Q1, up from 210 MW of last year. Shipments grew strongly in the United States, in Germany even against the market trend and in European export […]

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DEWA Receives 5 bids for Mohammed bin Rashid Al Maktoum Solar Park

Dubai Electricity and Water Authority (DEWA) have received 5 bids from international organizations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The authority said next step in the bidding process will review the […]

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Tata Power to acquire renewable energy assets of Welspun Group: Report

Tata Power is reportedly gearing up to acquire the renewable energy assets of the diversified Welspun Group, valuing the 1,152 MW portfolios of operational solar and wind farms. The ET citing sources close to the company reports that the deal may be valued at close to $1.45 billion inclusive of debt. Both the companies are in final […]

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PM Modi launches 11 solar-powered e-boats in Varanasi

PM Narendra Modi has launched the country’s first solar powered e-boats on Sunday in his his Lok Sabha constituency Varanasi. Modi reached Varanasi’s Assi Ghat to launch the e-boat service, It the same venue where he launched Clean India campaign couple of year back along river Ganga.  The PM distributed 11 e-boats to their owners […]

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Duke Energy raises its 2020 renewable energy goal by 33 %

Duke Energy has raised its 2020 renewable energy goal by 33 percent. The North Carolina-based firm expects to own or purchase 8,000 megawatts of wind, solar and biomass capacity by 2020 which is 33 percent jump from the old goal of 6,000 megawatts established in 2013. As of the end of 2015, the company owned […]

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