The drive to electrify Sub-Saharan Africa will require US$350 billion of investment and could reveal an alternative vision for the energy transition that focuses on a decentralised, bottom-up solar-and-storage rich grid that takes advantage of cheap solar power, according to research firm Wood Mackenzie.
Brazilian energy utility company Neoenergia has signed a €200 million (US$221 million) loan from the European Investment Bank (EIB) to finance 715.5MW of renewable projects in Brazil.
The quoted price of residential solar in the US inched up in the second half of last year, most likely due to the effects of supply chain constraints and shortages, new research from marketplace provider EnergySage has revealed.
A high court in the Indian state of Andhra Pradesh has ruled that state distribution companies (Discoms) must honour the power purchase agreements (PPA) they signed with electricity producers and settle any debts within six weeks in a move with potentially huge significance for the country’s solar sector.
SolarEdge Technologies is planning to carry out a public offering of 2 million shares of its common stock, with proceeds to potentially fund acquisitions.
Canadian Solar said it expects margin pressure at its manufacturing division to ease throughout 2022, with demand returning in China from Q2 and pricing strategies used to offset soaring material and logistics costs.
France should take “radical and immediate measures” to transform its energy system and rapidly accelerate solar deployment, the country’s PV trade association has said.
In a significant ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state distribution utilities (Discoms) must pay renewable companies the terms they agreed to when they signed power purchase agreements (PPAs) within six weeks.
Italian independent power producer (IPP) ERG will scale up its European PV portfolio as it aims to almost double its installed renewables capacity in the next five years.
