Equis Energy snapped up by GIP in record $5bn renewables deal
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
Singapore to receive $18m solar and storage research boost
The country’s Energy Market Authority (EMA) has awarded two research grants to various consortia and higher education establishments specifically to support improvements in Singapore’s solar power forecasting abilities, in addition to the creation of a test-bed for developing energy storage capabilities.
Global solar market to grow 30% and reach close to 100 GW this year, says Bernreuter Research
The German-based analyst and polysilicon specialist believes that newly installed solar PV capacity will hit 95 GW in 2017 and could hit 100 GW. Polysilicon spot prices set to fall by end of year.
Off-grid solar has saved $5bn in energy spending since 2010, finds World Bank Group, GOGLA report
Despite 7% lower product sales, the latest global Off-grid solar market report from the World Bank Group reveals that market is thriving. However, industry needs to move quicker if it is to achieve global 2030 universal energy access goal.
European Parliament proposes nationally binding renewables targets
The European Union should aim for 35% of renewables in its energy consumption by 2030, with nationally binding targets introduced to support EU goal, European Parliament says.
SoftBank Vision Fund to build 3 GW of solar and storage in Saudi Arabia
The Saudi Electricity Company has signed a Memorandum of Understanding with the Public Investment Fund and Softbank Vision Fund to create 3 GW of solar and storage capacity in the Kingdom in 2018.
sonnen to invest €80m to install home storage systems to 20,000 homes in Italy
A total of 20,000 sonnen home batteries are to be delivered in Italy by German company sonnen over the next 24 months after an €80 million ($94 million) deal with a newly formed alliance of regional installers.
Indian large-scale solar growth could slow to 5-6 GW next year, finds Bridge to India
The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
India’s NTPC set to enter EV charging stations business
The National Thermal Power Corporation Ltd (NTPC), India’s largest power generation company, is seeking pan-India license to accelerate its electric vehicle charging stations business.
A*Star researchers develop technique for cheaper solar cell production
A*Star researchers, in a bid to find an alternative to silicon-based solar cells, are investigating a new material that is more cost-effective and easier to produce that could also lead to more efficient solar cells.
