The UAE’s Emirates Water and Electricity Company (EWEC) says 27 companies and consortiums that expressed interest in developing the project qualified for this stage of the tender.
Agri-food tech specialist N2OFF says it has entered the PV business by lending €375,000 ($407,000) to Israeli PV developer Solterra Renewable Energy. The loan is part of a larger €500,000 agreement, with the remaining €125,000 to come from other parties.
Scientists in Iraq used a k-Nearest Neighbors algorithm to evaluate the operational status of PV modules under various conditions, including partial shading, open circuit, and short circuit scenarios. They found that the overall performance of the model in predicting power output was “notably accurate.”
The European Court of Auditors says the European Union will likely fail to achieve its 2030 renewable hydrogen goals, while the US Department of Energy and Arches have agreed to build a $12.6 billion hydrogen hub in California.
Abu Dhabi-based Masdar has raised $1 billion through a new bond issuance. It says the investment will fund equity commitments on new greenfield projects, several of which are in developing economies.
A subsidiary of TCL Zhonghuan Renewable Energy has signed an agreement with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries to begin producing 20 GW of solar ingots and wafers per year in the country.
China’s Sungrow has signed three landmark energy storage contracts with Saudi Arabia’s Algihaz Holding, amounting to the world’s largest grid-side storage order. Each project will have a capacity of 2.6 GWh, totaling 7.8 GWh.
A JinkoSolar-led consortium has announced plans to construct a 10 GW solar cell and module factory in Saudi Arabia with PIF and Vision Industries Company.
Though it already hosts several of the world’s largest PV installations, the Middle East and North Africa (MENA) region’s solar industry is still young, with limited local infrastructure and expertise. Project developers are learning quickly that building PV in harsh desert environments requires a careful eye on quality. New testing laboratories are looking to meet demand.
EDF has won an Israeli solar tender with a bid of $0.019/kWh, securing a 100 MW project to sell energy at a record price of ILS 0.07 ($0.02)/kWh.
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