Author: Staff

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First Solar Q1 Profit Soars 455% on Strong Sales, Improved Margins

U.S.-based First Solar’s net income for the first quarter (Q1) of 2024 surged by 455% to $236.6 million from $42.6 million in the same quarter last year, with the solar...

May 2, 2024

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Staff

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Finance and M&A

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Solar
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HPCL Invites Bids for a 100 MW Solar Project in Andhra Pradesh

Hindustan Petroleum Corporation (HPCL) has invited bids on behalf of its subsidiary HPCL Renewable & Green Energy for the engineering, procurement, and construction...

May 2, 2024

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Staff

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Solar

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Tenders & Auctions
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PointO Raises ₹62 Million to Build Full-Stack Lithium Battery Ecosystem in India

Lithium battery startup PointO has secured ₹62 million (~$743,236) in seed funding, with Equirus InnovateX Fund (EIF) leading the round with an investment of ₹50 million...

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Charge Zone Secures $19 Million from BII to Expand EV Charging Infrastructure

Charge Zone, an India-based electric vehicle (EV) charging network firm, has secured a commitment of $19 million from British International Investment (BII), the United...

May 2, 2024

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Staff

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Electric Vehicles
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NREL’s Roadmap to Make Tandem Solar Cells Commercially Viable

Researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have proposed enhancing cell and module efficiency to record levels, scale...

May 2, 2024

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Staff

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Solar

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Technology
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Project Finance Brief: Enfinity Secures $195 Million for 70 MW Solar Project

From: Mercom Capital Group Enfinity Global, a renewable energy project developer, secured $195 million in long-term project financing for a 70 MW solar project in Japan....

May 2, 2024

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Pine Gate Renewables Secures $650 Million

From: Mercom Capital Group Pine Gate Renewables, a solar project developer, secured a $650 million investment from Generate Capital, the Healthcare of Ontario Pension...

May 2, 2024

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Staff

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Finance and M&A

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Other
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JinkoSolar’s Q1 Profit Drops 44% as Falling Module Prices Hurt Margins

China-headquartered solar cell and module manufacturer JinkoSolar saw a 44% decline in its first quarter (Q1) profit as decreasing module prices hurt the company’s...

April 30, 2024

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Staff

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Finance and M&A
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Energy Storage Must Expand Six-Fold by 2030 to Enable Renewable Boom: IEA

Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining...

April 30, 2024

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Staff

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Energy Storage

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Market & Policy
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Germany Invites Bids for 258 MW Rooftop Solar Projects

Germany’s Federal Network Agency (Bundesnetzagentur) has invited bids for 258 MW of rooftop solar photovoltaic (PV) systems as part of the country’s goal to...

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Vietnam’s Boviet to Build 2 GW Solar Cells and Modules Plant in North Carolina

Vietnam-based solar company Boviet Solar said it will invest $249 million for its first solar cell and module production facility in North America at Greenville, North...

April 30, 2024

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Staff

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Manufacturing

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Solar
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AdaniConneX Raises $1.44 Billion in Green Financing for Data Centers

AdaniConneX, a data center solutions provider and a joint venture between Adani Enterprises and EdgeConneX, has established sustainability-linked financing to raise $1....

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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost...

April 29, 2024

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Staff

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Energy Storage
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Researchers Develop Fast-Charging Sodium Battery

Researchers have developed a high-energy, high-power hybrid sodium-ion battery that could be a viable alternative to lithium-ion batteries. Led by Jeung Ku Kang, a team...

April 29, 2024

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Staff

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Solar

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Technology
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SunPower to Shutter Residential Solar Direct-Sales Units, Axe 1,000 Jobs in the US

U.S.-based solar firm SunPower Corp will wind down its SunPower Residential Installation (SPRI) locations, close SunPower Direct sales, and reduce its workforce by about...

April 29, 2024

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Staff

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Markets & Policy

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Rooftop

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Solar

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