UK based PV project investor the Foresight Solar Fund has announced plans more than GBP 75 million ($99 million) in investments through the placement of new shares.
The new solar see through hardware was developed by engineers at Michigan State University, and is seen as a potential energy source which could collect to as much solar power as current traditional rooftop modules.
U.S. based semiconductor manufacturer Microlink Devices has signed an exclusive deal with the U.S. National Renewable Energy Laboratory (NREL) to commercialize a type of lightweight heterojunction solar cell architecture, which could be utilized in powering satellites and aircraft.
The Saudi Electricity Company has signed a Memorandum of Understanding with the Public Investment Fund and Softbank Vision Fund to create 3 GW of solar and storage capacity in the Kingdom in 2018.
The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.
A new photodetector, a device that senses light, has been developed by Physicists at the University of California. The device functions by combining two distinct inorganic materials and producing quantum mechanical processes that could revolutionize the way solar energy is collected.
The Dutch research institute ECN also believes that 20 GW of installed PV capacity could already be reached by 2035.
The tender process was launched by Ethiopian power utility EPP in May 2016. The solar plant will be built in Metehara, around 200 km east of Addis Ababa.
In addition to ten project proposals for solar parks not exceeding 2 MW, the Albanian Ministry of Energy and Industry has also accepted an application for a 5 MW PV facility.
The Brazilian bank has agreed to finance three PV projects totaling 350 MW of the Italian energy giant Enel, and a 132 MW project under development by Norwegian companies Scatec Solar and a Statoil.
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