Exide Industries invests $17.2 million in lithium battery plant in India
Kolkata-based Exide Industries has invested INR 1.49 billion ($17.2 million) in Exide Energy Solutions through a rights offering. The investment will support the construction of a greenfield lithium battery plant in Bengaluru, India, in addition to other funding needs.
China’s CGN New Energy announces winning bidders in 10 GWh BESS tender
CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).
US bans five Chinese PV firms under Uyghur Forced Labor Prevention Act
Under the Uyghur Forced Labor Prevention Act (UFLPA), the US authorities have banned five Chinese companies from providing products and services in the United States.
Bulgaria allocates 3 GW of renewables capacity, 1.17 GW of storage in auction
The Bulgarian authorities awarded BGN 526 million ($284 million) to 397 renewable energy projects in the country’s latest procurement exercise.
Funding secured for 237.6 MW merchant solar plant in Bulgaria
Up to €103 million ($107.2 million), from the European Bank for Reconstruction and Development and Raiffeisen Bank International, will support the development of a fully-merchant, 237.6 MW solar project in southeastern Bulgaria.
IFC, Raiffeisen Bank provide €90 million for 225 MW of solar in Bulgaria
International Finance Corp. (IFC) and Raiffeisen Bank International have signed off on a €90 million ($97.8 million) debt package to support the development of a 225 MW facility in northeastern Bulgaria.
Assessing floating PV costs across Europe
Researchers have analyzed the viability of floating PV in terms of net present value, internal rate of return, and LCOE. They included 25 European countries in their work, including Germany, the United Kingdom, Spain, and Italy.
Bulgaria gives green light to solar cell, panel factory
The Bulgarian government has approved a memorandum of understanding with Turkey’s Smart Solar Technologies AD for the construction of a solar cell and panel factory in southern Bulgaria.
Bulgaria’s battery storage market gears up
Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility could see the country install another 1 GWh over the next two years.
Bulgaria preps 3 GWh standalone energy storage tender
The Bulgarian Ministry of Energy is readying to launch a tender on September 2 and provide Capex support for the construction and commissioning of 3 GWh of standalone energy storage facilities. The public call is for projects equal to or greater than 10 MW with at least two hours of storage capacity, which will be primarily used in the frequency regulation markets.
