$200 million earmarked for green projects in Lebanon
The European Bank for Reconstruction and Development (EBRD) yesterday unveiled details for Lebanon’s first Green Economy Financing Facility (GEFF), the largest thus far in the bank’s Southern and Eastern Mediterranean region (SEMED). The GEFF program is set to address key issues of energy security, efficiency and sustainability for the Middle Eastern country.
Sunseap to build 5 MW floating PV at sea
Project developer Sunseap has announced plans for one of the world’s largest PV systems floating on seawater, to be built in the Johor strait which separates Singapore and Malaysia. The 5 MW system is expected to be completed in the first quarter of 2019.
US regulators approve the world’s largest battery projects
CPUC has signed off on four lithium-ion battery projects in California, the United States, one of which at 300 MW is the largest battery project to date known by pv magazine.
BayWa plans sale of 450 MW of solar, wind
In the first nine months of 2018, the energy division of the Germany-based group recorded a loss of over €10 million. By the end of the year, earnings are expected to enter positive territory, however,
Tesla announces Australian telecom executive to replace Musk as board chair
No, Rupert Murdoch’s son will not be running the world’s largest EV maker.
NantEnergy acquires Sharp’s US energy systems & services
Zinc battery specialist NantEnergy has acquired the U.S. energy systems and services business from Japanese electronics giant Sharp. The acquisition, according to NantEnergy, will provide the company with an important foothold in the U.S. market and allow it to provide “energy as a service” business models, using its Zinc-air battery, in multiple markets.
Toshiba pulls plug on UK nuclear plans leaving path for renewables open
Toshiba Corporation has today said it will abandon plans to build a 3.4 GW nuclear power plant in the United Kingdom. Despite this, the government says it remains committed to its new nuclear path; others say the news leaves room for further renewables development. New statistics, also out today, show the U.K. renewables industry flourishing.
Australia: Victorian Labor pledges 50% renewables by 2030
Half of Victoria’s energy could come from renewable energy sources, as the Labor government has vowed to expand the state’ renewable energy target from 40% in 2025 to 50% in 2030, if re-elected.
SMA positive despite net income dip
SMA Solar Technology AG saw its net income fall from €25 million in the first nine months of 2017 to €8 million in the same period this year. Despite the dip, it remains confident of its position in the industry going forward.
Longi sets new PERC module efficiency record
Chinese monocrystalline manufacturer Longi Solar Technology has broken its own record for PERC module efficiency, reaching 20.83% in independent testing conducted by TÜV Süd.
