Abu Dhabi Fund for Development, ADFD, has signed a loan agreement with the government of Sierra Leone, by which the fund will provide more than Dh33 million in financing to the Solar Park Freetown project. Mohammad Saif Al Suwaidi, Director General of ADFD, and Dr. Kaifala Marah, Minister of Finance and Economic Planning in Sierra … Continue reading ADFD grants Dh33m loan to bolster renewable energy sector in Sierra Leone
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SunEdison, IDB, OPIC and CorpBanca Close US$ 190 Million Project Financing for one of the Largest Merchant Solar Power Plants in Latin America
The debt proceeds will be used in Chile for the construction of a 72.8 MWp (megawatt) solar power plant, to inject energy directly into the Sistema Interconectado del Norte Grande (SING), selling all its production in the spot market (merchant solar). SunEdison, a leading global solar technology manufacturer and provider of solar energy services, today … Continue reading SunEdison, IDB, OPIC and CorpBanca Close US$ 190 Million Project Financing for one of the Largest Merchant Solar Power Plants in Latin America
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Wind turbines have an energy payback of 6 months
A new study finds that wind turbines have an energy payback of 6 months, which is comparable to the best solar photovoltaic systems. In other words, in their first six months of operation, large wind turbines produce the same total amount of energy that was needed to produce and install them. That is the conclusion … Continue reading Wind turbines have an energy payback of 6 months
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Mexico’s largest rooftop photovoltaic solar energy array features SolarWorld panels
The system will power the Mexico operations of Plantronics, a global producer of audio communications headphones. The project is the second of SolarWorld solar panels at a Plantronics facility. In 2011, the headset manufacturer installed 608 kilowatts of roof-mounted and carport-mounted solar arrays at its headquarters in Santa Cruz, Calif. “Being responsible with the environment … Continue reading Mexico’s largest rooftop photovoltaic solar energy array features SolarWorld panels
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Germany set new solar power records
The Fraunhofer ISE research institute has announced that Germany set a record high for solar energy use on June 9—on that day the country’s solar power output rose to 23.1 GW—50.6 percent of all electricity demand. The record occurred over a holiday, which meant less demand, but it still marks a major step forward for … Continue reading Germany set new solar power records
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China Leads World to Solar Power Record in 2013
In the last two years, countries around the world have added almost as much new solar photovoltaics (PV) capacity as had been added since the invention of the solar cell. Nearly 38,000 megawatts of PV came online in 2013, a new annual record. In all, the world’s installed PV generating capacity is now close to … Continue reading China Leads World to Solar Power Record in 2013
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UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy
UAE’s Masdar and Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy (KACARE) announced an agreement that will allow increased cooperation between the two Gulf Arab states in developing renewable energy in the region. The agreement will facilitate joint investment by both agencies in clean energy projects and green technology investment funds, official news … Continue reading UAE’s Masdar, Saudi’s KACARE Sign Deal To Develop Clean Energy
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First Solar selected to build 150 MW photovoltaic solar power plant in California
First Solar announced that it has been selected by independent energy company Tenaska Solar Ventures to design and build the 150 megawatt (MW)AC Tenaska Imperial Solar Energy Center West project near El Centro, California. “We are pleased to continue our relationship with Tenaska”. First Solar will provide full Engineering, Procurement and Construction (EPC) services on … Continue reading First Solar selected to build 150 MW photovoltaic solar power plant in California
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French nuclear more costly than renewables by 2020
Electricity produced by onshore wind and solar plants may become more competitive with power generated by upgraded nuclear plants in France by the end of this decade, a study by environmental group Greenpeace showed on Thursday. The study comes a week before Energy Minister Segolene Royal presents the broad lines of a much-delayed framework … Continue reading French nuclear more costly than renewables by 2020
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China adjusts taxation to promote solar photovoltaic (PV)
China’s taxation authorities announced on Wednesday that buyers of distributed photovoltaic (PV) power should invoice for purchases, a move to reduce the tax burden on PV power producers and promote green energy. The buyers, mainly companies of the State Grid, will be required to invoice power generators from July 1 to make PV power transactions … Continue reading China adjusts taxation to promote solar photovoltaic (PV)
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President Bachelet of Chile Inaugurates Latin America’s Largest Solar Power Photovoltaic Plant
The Amanecer Solar CAP plant was developed, built and interconnected by SunEdison under an energy purchase agreement with CAP Group. It has 100 MW (megawatts) of installed capacity and is located in the municipality of Copiapo, in the Atacama Desert. – The project, which was built in only six months and is interconnected to the … Continue reading President Bachelet of Chile Inaugurates Latin America’s Largest Solar Power Photovoltaic Plant
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Solar photovoltaic (PV) industry
Following a two-year slump, in which oversupply drove down module prices and many manufacturers reported negative gross margins, the solar PV industry began to recover during 2013. It was still a challenging year, particularly in Europe, where shrinking markets left installers, distributors, and others struggling to stay afloat. Consolidation continued among manufacturers, but, by late … Continue reading Solar photovoltaic (PV) industry
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The solar power photovoltaic (PV) market had a record year, adding more than 39 GW in 2013
The solar energy photovoltaic PV market had a record year, adding more than 39 GW in 2013 for a total exceeding 139 GW. China saw spectacular growth, accounting for nearly one-third of global capacity added, followed by Japan and the United States. Solar PV is starting to play a substantial role in electricity generation … Continue reading The solar power photovoltaic (PV) market had a record year, adding more than 39 GW in 2013
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Chile inaugurates Latin America’s largest solar energy photovoltaic plant
President Michelle Bachelet of Chile inaugurated the Amanecer Solar CAP plant in Copiapo June 6. The project was developed, built and interconnected by SunEdison under an offtake agreement with CAP Group. The Amanecer Solar CAP plant has 100 MW of total installed capacity; the amount of energy consumed each year by about 125,000 Chilean homes, … Continue reading Chile inaugurates Latin America’s largest solar energy photovoltaic plant
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India’s Renewable Energy Ministry aims at four solar power plants of 1,000 MW each
Besides promoting four large projects with over 500 Mw of installed capacity each, the government wants to move forward to eliminate bottlenecks for ongoing capacity addition programme for solar power. The government is aggressively accelerating the solar energy programme, and aiming for four giant plants of 1,000 Mw each. It also wants to bundle solar … Continue reading India’s Renewable Energy Ministry aims at four solar power plants of 1,000 MW each
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2013: Record-year for solar photovoltaics
With at least 38.4 gigawatts (GW) of newly-installed solar photovoltaic (PV) capacity worldwide and a global cumulative installed capacity of 138.9 GW, 2013 was another historic year for solar PV technology. EPIA’s flagship report assesses global and European PV markets in 2013, makes forecasts for the next five years, and analyses the role of PV … Continue reading 2013: Record-year for solar photovoltaics
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Renewable energy provided around 19 per cent of global final energy consumption in 2012
In the power sector, global capacity reached 1,560 gigawatts (GW) in 2013 – an increase of about 8.3 per cent over 2012 – and renewables accounted for more than 56 per cent of net additions to global power capacity. REN21’s Renewables Global Status Report (GSR) offers a comprehensive look at the state of the industry. … Continue reading Renewable energy provided around 19 per cent of global final energy consumption in 2012
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Guatemala installs the largest solar power plant in Central America
The Spanish Company, Gran Solar, the Guatemalan Green Group and the Swiss investment fund Ecosolar have inaugurated the first solar power plant in Guatemala, which has a generating capacity of 50 kilowatts. The plant, installed in the town of Estanzuela, in the eastern department of Zacapa, at a cost of $14 million, is benefiting more … Continue reading Guatemala installs the largest solar power plant in Central America
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74% of All New Generation in the U.S. Came from Solar Energy (PV and Concentrated Solar Power) in Q1
The U.S. installed 1,330 MW of solar photovoltaics (PV) in the first quarter of 2014 to total 14.8 GW installed capacity, enough to power 3 million homes. In another significant development, Q1 2014 was the largest quarter ever for concentratesd solar power (CSP). Key Figures The U.S. installed 1,330 MWdc of … Continue reading 74% of All New Generation in the U.S. Came from Solar Energy (PV and Concentrated Solar Power) in Q1
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Spain close to approving new renewable energy rules
The regulation includes variations for a range of technologies – including wind energy, Concentrated Solar Power, photovoltaic and biomass – and the year the assets were installed. The Spanish cabinet could approve on Friday a law that will cut renewable energy subsidies as part of a drive to reduce a 30 billion euro ($41 … Continue reading Spain close to approving new renewable energy rules
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