Green shift in finance accelerating – $200B from Wells Fargo
Wells Fargo plans to invest US$200 billion by 2030 in sustainability projects, including at least $100 billion in green bonds and clean energy technologies, including renewable energy, EVs and batteries.
Energía Hoy, pv magazine group launch pv magazine Mexico
Trade publishers energía hoy and pv magazine group have partnered to launch a new website – www.pv-magazine-mexico.com – and weekly newsletter to cover the fast growing Mexican solar PV market.
Oxford PV picks up GBP 8.02 million in investments
British headquartered perovskite startup, Oxford PV has received an additional GBP 8.02 million (US$11.2 million) in funding from existing investors. The company states it will use the funds to continue its development of commercially viable perovskite-on-silicon tandem cells.
India: Utility-scale solar plants completed in Odisha, Karnataka
IBC Solar has completed the installation of a 27 MW solar PV plant in the state of Odisha, while Sunsure Energy installed 20 MW across two plants in Karnataka.
China bucks forecasts to install 9.65 GW of PV in Q1, DG leads the way
Of the 9.65 GW of solar PV China installed in the first quarter of 2018, 7.68 GW comprised distributed generation (DG) systems, reports China’s National Energy Administration (NEA). Changes to the country’s PV policy have also been proposed.
Meyer Burger to appeal Chinese ruling in patent infringement lawsuit
Meyer Burger (Switzerland) Ltd has said it will appeal the decision by a Chinese court to dismiss claims that Wuxi Shangji Automation Co. Ltd has infringed on its patented wire wrapping system.
Battery storage funding booms in Q1 (w/ chart)
The latest report by Mercom Capital finds VC investment in battery storage companies rising five-fold year-over-year to $299 million in 12 deals.
China to power new sustainable development zone with renewables
The Chinese authorities plan to use renewable energy technologies to provide all of the electricity that will be consumed in a new economic zone that is being developed near Beijing, according to local state media reports.
GCL-Poly Energy offers $110m loan to subsidiary
China’s GCL-Poly Energy Holdings has agreed to lend US$110 million to GNE Development, a wholly owned unit of the group.
European researchers discover new effect of light on perovskites
Scientists led by Germany’s Max Planck Institute for Solid State Research have demonstrated for the first time that, as well as electrons, light also releases charged particles in a perovskite solar cell material. The researchers state that this groundbreaking discovery could make possible new solar power applications, such as batteries directly charged by light.
