Lithuanian module maker says European and US clients moving away from Chinese supply chain
Vilnius-headquartered Solitek is preparing to ramp its output next year on the back of rising orders in Scandinavia, and says its new partnership with New York-based Convalt Energy will reduce its dependence on Asian semiconductors and solar cells.
Jinko and Tongwei strengthen supply chain tie-up
The former has committed to invest more than $70 million into a 100,000-ton polysilicon production line in Leshan that will then supply it with 30,000 tons of its output annually.
Nexwafe closes financing round with €32 million
Innovative solar wafer company Nexwafe has closed its latest financing round with €32 million. The round was lead by the Indian group Reliance, which contributed €25 million to the round. The Freiburg-based wafer manufacturer intends to use the funds to drive forward the production and commercialization of its kerfless PV wafers.
Bangladesh issues EPC tender for 60 MW PV project
Bangladesh has floated an international tender seeking engineering, procurement, construction and commissioning services for a 60-MW solar power plant in north-western Pabna district.
Re-Source 2021: Q&A with Iron Mountain’s Chris Pennington
US data management company Iron Mountain has a growing portfolio of onsite and PPA renewables, and it’s one of the first major corporate firms to track its renewables by the hour as part of an innovative PPA that may serve as a forerunner for widespread 24/7 matching.
Umicore to purchase 42,000 tons of lithium battery material
Belgian materials company Umicore has signed a contract with Australia headquartered Vulcan Energy Resources to purchase up to 42,000 tons of lithium hydroxide over a five year period beginning in 2025. The material will be used in Umicore’s production of cathode materials for lithium-ion cell manufacturers.
Canadian fund Omers plans to acquire 49% of FRV Australia
Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.
Greece, Egypt sign MoU to link their power grids
The two countries have signed a memorandum of understanding (MoU) to develop a new subsea electricity line connecting their power systems. The power link, if built, could provide a route for African solar energy to reach European markets.
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.
