Reliance Industries to invest $29 million in Nexwafe
Reliance New Energy Solar, a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, which is planning a huge manufacturing venture in Gujarat, India, has led a series C financing round in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). This marks the third major investment in renewables announced by the Indian multinational this week.
JinkoSolar sets new record for n-type solar cell efficiency
Manufacturing giant JinkoSolar has set another world record for n-type solar cell efficiencies with its TOPCon technology, this time pushing to 25.4%. The new world record was confirmed by JET laboratories in Japan, and surpasses JinkoSolar’s previous record of 25.25% set back in May.
EDF Renewables invests in Vietnamese PV rooftop market
The French energy group has invested an undisclosed sum in Vietnam’s SkyX Energy. The goal is to install 200 MWp of C&I PV rooftop capacity in the country.
Danish electrolyzer firm Stiesdal next in Reliance’s new energy plans
Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.
IEA: Greater global effort is needed to reach net zero
Ahead of the COP26 conference beginning in Glasgow later this month, the International Energy Agency this week published its World Energy Outlook report for 2021. While it expects rapid growth in renewable energy, the report finds that, on top of currently stated policies, annual energy transition-related investments would need to reach US$4 trillion annually by 2030.
Sungrow launches SG350HX, its most powerful string inverter in Europe
Sungrow’s new utility-scale string inverter can supply a maximum of 352 kW, just a year after it launched a 250 kW string inverter that was billed as the world’s most powerful. The new inverter arrives mid-2022.
Time to re-envision the zeppelin: This time as a hydrogen transportation method
The long-distance transportation of hydrogen is a major challenge. However, the total decarbonization of green hydrogen transportation may possible by envisioning hydrogen-filled rigid or frameless airships (blimps) which work on the buoyancy of hydrogen to lift and transport.
Austria’s CCE Solar Invest nails financing for 600 MW in Italy
CCE Solar Invest GmbH has secured financing to build 600 MW of PV capacity in Italy.
SolarRecycle website launches
SolarRecyle.org is designed to provide clear information for a more sustainable solar panel life-cycle.
Canada’s Grasshopper closes $48m financing deal for U.S. solar expansion
Grasshopper, a Canada-based renewable energy developer, will use $48 million of financing to support four solar+storage projects in Massachusetts.
