AISIA has urged Power and New & Renewable Energy Minister R K Singh that structural safeguards and tariff-based barriers are needed for domestic manufacturing to gain a foothold and establish itself. The body highlighted that the (solar equipment) “domestic manufacturers run their plants at 30 per cent capacities and incur huge unbearable losses.” Industry body…
Solar products company Q CELLS, which has dual headquarters in South Korea and Germany, has acquired the project development rights for a 429-MWp solar portfolio in Spain from Madrid-based developer RIC Energy. Q CELLS announced the move today after its downstream business unit had signed the asset purchase deal on September 18. The transaction concerns…
India emerged as the third largest solar market in the world after China and the US. India’s solar installations reached 8.3 GW, including large-scale and rooftop solar units, according to a report by Mercom Communications India. The country’s cumulative solar capacity is 28 GW as of 2018. Mergers and acquisitions globally were steady in the…
According to the report the coffee giant is partnering with Cypress Creek Renewables and U.S. Bank Starbucks continues its commitment to alternative energy sources with the announcement of a partnership with solar power developer Cypress Creek Renewables and U.S. Bank to power 360 Texas-area Starbucks stores in the Houston, Dallas, Fort Worth, Plano and Arlington…
US-based Labacorp Power Company America wants to present a 900-MW solar project to the government of Zimbabwe, The Herald reports, quoting a company statement. Labacorp Power’s local partner Craft Properties (Pvt) Ltd has announced that the US company would like to schedule the presentation for July 2019. The event will allow it to explain how…
US residential solar firm PosiGen announced on 16th April, it has secured a USD-20-million (EUR 17.7m) tax equity investment from roofing products supplier GAF Energy. PosiGen said that the fresh funds will support the installation of roughly 2,500 new solar systems and energy efficiency upgrades to homes in the states of Connecticut, Florida, Louisiana and…
March 15, 2019 The National Renewable Energy Laboratory, which regularly publishes a chart of the world’s most efficient solar cells, has introduced a new chart of record-efficiency solar modules. The initial Champion Module Efficiencies chart contains 73 data points, dating to 1988, and broken out into 19 different technologies. The records range from an organic…
The United Arab Emirates wants two-thirds of its electricity to come from carbon-free sources by 2050. Think about energy generation in the Middle East and you probably think of oil. But in fact, the region is at the forefront of the race to decarbonize energy production. In March, production started at one of the region’s…
According to article published by Formative Content, “By 2022 the worlds renewable energy capacity overall should increase by 43%”. The amount of solar power capacity expected to be added in the coming years is equivalent to 70,000 new solar panels every hour – enough to cover 1,000 soccer pitches every day. It is estimated that…
The Government has approved launch of new scheme for farmers for installation of solar pumps and grid connected solar power Plants, with an objective of providing financial and water security to farmers. The scheme consists of three components: (i) Component-A: 10,000 MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants. (ii) Component-B: Installation of…