KKR a leading global investor, has reached a definitive agreement to acquire from Gestamp Renewables an 80% stake in Gestamp Asetym Solar, S.L. (“Gestamp Solar”), a premier global solar PV developer and operator. The investment is funded by KKR Global Infrastructure Investors II, a $3.1 billion global fund. The transaction values Gestamp Solar at a … Continue reading KKR Acquires an 80% Stake in Gestamp Solar
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Annual Revenue from Global Solar Energy Photovoltaic (PV) Installations Is Expected to Surpass $151 Billion in 2024
A new report from Navigant Research examines the market for solar photovoltaic (PV), including forecasts for capacity and revenue, segmented by region and country, through 2024. Following years of module oversupply and artificially low pricing, solar PV is expected to soon shift from a high-cost, subsidized source of energy to a growing market with the … Continue reading Annual Revenue from Global Solar Energy Photovoltaic (PV) Installations Is Expected to Surpass $151 Billion in 2024
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Success for EDF Energies Nouvelles’ first crowdfunding campaign
The first crowdfunding campaign launched in France by EDF Energies Nouvelles has been a great success, exceeding its fundraising target by 35%. The aim was to involve the local population in Vosges and Lower Rhine in the development of the Bois de Belfays wind farm project. The campaign ran from 15 June to 16 July … Continue reading Success for EDF Energies Nouvelles’ first crowdfunding campaign
Continue readingTrina Solar receives UL1500V certification for its photovotaic (PV) modules
Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a global leader in photovoltaic (“PV”) modules, solutions, and services, today announced that its TSM-PE05A and TS-PE14A polycrystalline modules (“the Modules”) have received UL1500V certification from Underwriters Laboratories (“UL”), a global independent safety science company. The UL1500V award certifies that the Modules are allowed to … Continue reading Trina Solar receives UL1500V certification for its photovotaic (PV) modules
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Israel to build Concentrated Solar Power plant in Negev desert
Israel signed a deal to build a 4 billion shekel ($1.05 billion) Concentrated Solar Power plant in the country’s south, aimed at boosting electricity production from renewable energy sources, the Finance Ministry said on Sunday. The Finance Ministry has signed off on funding agreement that will enable the construction of an additional NIS 4 billion, … Continue reading Israel to build Concentrated Solar Power plant in Negev desert
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Australia’s war on wind power threatens biggest renewable energy project
Australian Prime Minister Tony Abbott’s hostility to “visually awful” wind farms has sent a chill through the industry and could jeopardize the country’s biggest renewable energy project, a $2 billion-plus wind energy and solar power plant in the country’s north. In an early sign that a new Federal policy could curtail major renewable projects, the … Continue reading Australia’s war on wind power threatens biggest renewable energy project
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Mali to build west Africa’s first solar power plant
Scatec Solar will own 50% of the power plant and IFC InfraVentures will hold 32.5%, while Africa Power 1 will hold 17.5%. Dr. Ibrahim Togola, the chairman of Africa Power 1 SA and Einstein SolarWorld Prize 2014 victor says: “This is an historical event for Mali, which is on its way to installing the largest … Continue reading Mali to build west Africa’s first solar power plant
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Masdar’s solar energy hub launched at US event
Abu Dhabi’s renewable energy company Masdar has announced the international launch of its solar hub at Intersolar North America, a premier networking platform for the North American solar industry. Held at San Francisco, California, from July 14 to 16, Intersolar North America brings together businesses and leaders from the most important markets around the globe. … Continue reading Masdar’s solar energy hub launched at US event
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Solar energy, wind power world’s first “green” airport
The world’s first sustainable airport running on sun and wind power opens on Ecuador’s Galapagos Islands. Eighty percent of the airport’s infrastructure is made of recycled material and it has its own desalination plant that supplies fresh water to the terminal. Airport manager Jorge Rocillo says the new building will help mitigate the impact … Continue reading Solar energy, wind power world’s first “green” airport
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India plans to award 15,000 MW of solar power projects this year
As part of the National Democratic Alliance (NDA) government’s green energy push, India will award contracts for the supply of 15,000 MW this year. According to the plan, Solar Energy Corp. of India (SECI) will shortly call for bids from developers for buying 2,000 MW, a government official said, requesting anonymity. The procurement will … Continue reading India plans to award 15,000 MW of solar power projects this year
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First off-grid temporary hybrid solar energy plant in Saudi Arabia
Building Energy, Italian independent power producer from renewable sources, will team up with SES SMART Energy Solutions, a leading rental power provider in the MEA region, to develop the first on-field temporary hybrid plant, in the Eastern Province of Saudi Arabia. The 14 MW diesel-solar plant, which is expected to be completed by July 2015, … Continue reading First off-grid temporary hybrid solar energy plant in Saudi Arabia
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Variable solar power from North Africa provides the basis for a sustainable business model
Transferring power from Africa to Europe via a high voltage direct current (HVDC) transmission line could be a sustainable business model with added value for both regions. This is the conclusion reached by researchers in the EU-sponsored BETTER project (Bringing Europe and Third Countries Closer Together Through Renewable Energies), conducted by the German Aerospace Center … Continue reading Variable solar power from North Africa provides the basis for a sustainable business model
Continue readingAurora Solar energy surpasses 500 MW of photovotaic (PV) designs
The need to reduce soft costs has never been greater in the solar industry. In order to boost productivity, solar companies need powerful software to increase their sales closing rate, automate processes and reduce their operational overhead. Solar sales and design software makes companies more effective by reducing overhead and increasing scalability of sales and … Continue reading Aurora Solar energy surpasses 500 MW of photovotaic (PV) designs
Continue readingAustralia controversially scraps wind energy and solar power from clean energy investment scheme
Australia’s federal government has antagonized the solar energy industry by announcing that small- scale solar projects would be exempt from government funding. The government ordered the 7.4 billion U.S dollar Clean Energy Finance Corporation (CEFC)to stop investing in wind and small- scale solar energy, in what has been described by the opposition as escalating … Continue reading Australia controversially scraps wind energy and solar power from clean energy investment scheme
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China’s geothermal energy sector may soon wake up
On December 12, 1970, China’s first geothermal plant began generating power in Guangdong province—the culmination of a long national campaign led by Li Siguang, China’s first Minister of Geology. Using his influence as a scientist and politician, Li successfully argued that geothermal energy was as valuable of a resource as traditional fossil fuels. This led to the … Continue reading China’s geothermal energy sector may soon wake up
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Geothermal energy in Chile
Enel Green Power and Empresa Nacional del Petróleo (ENAP), the Chilean state-owned company active in the hydrocarbons sector, have begun construction in Chile on Cerro Pabellón, the first geothermal plant in South America. Cerro Pabellón, located in the municipality of Ollagüe, in the region of Antofagasta, in the Andean Plateau, will also be the … Continue reading Geothermal energy in Chile
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Plan for 7 more solar energy projects in Oman
The Sultanate’s renewable energy industry is set to get further boost with seven more solar power projects being planned in the country. “The tender process for three of the projects will start at the end of the final quarter of this year”, said Hamad bin Salim Al Maghdari, CEO of the Rural Areas Electricity Company … Continue reading Plan for 7 more solar energy projects in Oman
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Solar power boom in Thailand
Come December, Thailand will have more solar power capacity than all of Southeast Asia combined as record sums of money is poured into the sector in the hopes of nurturing a new energy source to help drive the region’s second-biggest economy. Thailand has been shifting away from natural gas as once-plentiful reserves are expected … Continue reading Solar power boom in Thailand
Continue readingAustralian Prime Minister Tony Abbott under fire for order to stop wind power and solar energy i
Australian Prime Minister Tony Abbott has come under fire from the opposition and investors after ordering the government’s A$10 billion (US$7.45 billion) Clean Energy Finance Corporation (CEFC) to stop investing in wind and energy solar power. Abbott, who has described wind farms as “visually awful” and made no secret of his desire to axe … Continue reading Australian Prime Minister Tony Abbott under fire for order to stop wind power and solar energy i
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Ukraine plans to triple energy production from wind power and solar energy by 2020
Ukraine, which uses three times more energy per person than the average European Union member state, has prospects to increase its production of electricity and thermal energy from wind power, solar energy and water power. Ukraine plans to dramatically increase the share of renewables in its energy mix from the current 3.8 percent to … Continue reading Ukraine plans to triple energy production from wind power and solar energy by 2020
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