Commercial & Industrial PV

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

A press release issued by utility DEWA and the state-owned metal manufacturer today implied production of solar-powered aluminum is already taking place.

Pending final closing, the Electrification Financing Initiative has announced it is considering private equity investments of €1.5 million to two French firms operating in Benin, Togo, Burkina Faso and Senegal, and $1.5 million to a Tanzanian business operating in Tanzania and Uganda.

Scientists applied a model where rooftop PV and electric vehicle batteries are integrated into the energy system of nine Japanese cities. Their findings suggests that such a system could meet more than half of every city’s total energy demand by 2030, and as much as 95% in some cases. The model also reveals opportunities to cut both pollution and energy costs for urban populations in Japan.

Spain’s Repsol will develop a €4.5 million ($5.5 million) pilot project to produce green hydrogen with floating PV for the Santander Port Authority. It will be completed in December 2023.

The tender was launched by Energy Efficiency Services Limited (EESL), an energy service company owned by the government of India.

What happens to a floating PV system located in cold climates during freezing temperatures? How is the plant handled and which kind of risks could be associated with these unfavorable climatic conditions? We have sought to answer these questions with the help of Kane Wang, manager of Sungrow Floating’s system solution department.

The two companies want to test a floating PV array under harsh weather conditions in rough waters for at least a year. The system will be based on a floating solar technology developed by Maritime Moss, a unit of Saipem.

The German renewable energy company has completed two more projects, totaling 29.2 MW, in the country.

Some 15% of the finance disbursed must fit the wider definition of being ‘sustainable’ and banks and other lenders have been warned penalties will be applied for non compliance.