Canadian Solar has raised JPY22 billion (US$208 million) for its Japan Green Infrastructure Fund (JGIF), which will develop and accumulate solar projects in the Asian country.
Major PV inverter manufacturer SolarEdge Technologies reported year-on-year revenue growth of just 2.4% in 2020, compared to growth rates of over 50% per annum in recent years.
Australia-based exploration company Province Resources has revealed plans to develop a renewables-powered hydrogen plant that will feature 1GW of solar and wind generation.
India’s renewables sector will need to garner investments of around US$500 billion in order to meet its target of 450GW of clean energy capacity by the end of the decade.
The International Solar Alliance (ISA) has announced the appointment of Ajay Mathur as its new director general following his election at a virtual assembly.
India-based PV manufacturer Premier Energies will soon open a new 1.5GW integrated PV manufacturing plant at E -City, Hyderabad, which will produce monocrystalline large-area solar cells and modules.
Suntech’s ‘Ultra X’ PV module series adopts large format 210mm monocrystalline wafers and 1/3 cut Passivated Emitter Rear Cell (PERC) technology, which increases the light receiving area by 80.5% compared with products of conventional formats, according to the company.
The Global Solar Council (GSC) is forecasting for 2021 to be “transformational” for solar power, as the sector builds on momentum from governments’ efforts to drive a green post-pandemic recovery and growing investor confidence in the PV sector.
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
