EU call for energy infrastructure proposals backed by €750m of funding
Under its Connecting Europe Facility (CEF), the bloc has opened another call for applications to build cross-border energy infrastructure projects. It has already agreed to provide a grant of €323 million to synchronize the regional grid in the Baltic States.
NEC ES completes 18 MW, 7.5 MWh storage project for EKZ in Switzerland
NEC Energy Solutions has finished installing an 18 MW, 7.5 MWh grid storage system (GSS) in Switzerland for Elektrizitätswerke des Kantons Zürich.
Sunny prospects for the Netherlands
The exhibition halls of the Solar Solutions Int. trade fair near Amsterdam are full and visitors seem optimistic. And for good reason, as 2 GW of PV capacity could be built in the Netherlands this year — a solid 40% jump on last year’s installations.
Fossil fuel financing on upward trajectory with trillions invested since 2015
While some lenders and financiers have signaled plans to stop funding polluting power stations, a new report shows that 33 global banks have poured $1.9 trillion into financing the fossil fuel industry as a whole since the adoption of the Paris Agreement. Big U.S. banks led by JPMorgan have invested most heavily.
ADB offers $50m to Avaada to push PV in India
The Asian Development Bank (ADB) has revealed plans to invest $50 million to help New Delhi-based renewables developer Avaada to quickly deploy solar throughout India.
Volkswagen, Northvolt to set up battery research consortium
Automaker Volkswagen and Swedish lithium-ion battery producer Northvolt have announced plans to jointly form and lead a new organization, the European Battery Union (EBU), to conduct research on batteries used in transport and stationary energy storage applications.
IRENA, GGGI to jointly promote renewables
The International Renewable Energy Agency (IRENA) and the Global Green Growth Institute (GGGI) have agreed to collaborate on the promotion of renewable energy sources such as solar.
Motech posts record $220.5m net loss in 2018
Motech Industries revealed this week that its annual net loss widened by 124.19% year on year to NT$6.795 billion ($220.5 million), marking its biggest yearly net loss ever.
Canadian Solar’s PV module shipments surpass 6.6 GW in 2018
Canadian Solar recorded net income of $237.1 million in 2018, from $99.6 million a year earlier, on annual PV module shipments of 6.62 GW.
Meyer Burger, Oxford PV sign perovskite cooperation deal
Meyer Burger has struck a strategic partnership with Oxford PV to expedite the mass production of perovskite on silicon heterojunction (HJT) tandem cells.
