The global market for grid-connected residential photovoltaic (PV) solar installations coupled with energy storage is predicted to grow tenfold to reach more than 900 megawatts (MW) in 2018, up from just 90 MW in 2014, according to new analysis from IHS Technology (NYSE: IHS). This expanding opportunity for PV companies and battery manufacturers largely will … Continue reading Residential Solar Energy Storage Market to Grow by Factor of 10 from 2014 to 2018
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343 MW Solar Power Plants Under Construction in Algeria
Several photovoltaic solar power plant projects with a total capacity of 343 megawatts (MW) are underway in Algeria, the representative of the electricity and renewable energy company (SKTM, a Sonelgaz group’s subsidiary) said Tuesday at a seminar in Algiers. Those projects are being carried out especially in the provinces of the High Plateaux and … Continue reading 343 MW Solar Power Plants Under Construction in Algeria
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Peru aims to cover rural electrical gap with solar photovoltaic panels by 2020
Peru plans to nearly close its gap in electrical coverage in rural regions by the end of the decade with a recently-awarded $28.5 million solar-energy contract, the government said on Wednesday. Ergon Peru S.A.C., which beat one other bidder on the contract awarded on Friday, will install 500,000 solar panels across Peru and guarantee their … Continue reading Peru aims to cover rural electrical gap with solar photovoltaic panels by 2020
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Bolivia’s first solar power plant
Yingli Green Energy subsidiary Yingli Spain has supplied more than 5 MW of solar panels for Bolivia’s first solar power plant. Isotron, a subsidiary of Spanish energy company Isastur and a global PV project developer and engineering, procurement, and construction (EPC) services provider, installed more than 17,000 solar panels for the plant — Bolvia’s largest … Continue reading Bolivia’s first solar power plant
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Largest African Solar Energy Plant Comes Online In South Africa
96 megawatt solar photovoltaic (PV) project helps power the South African electric grid with renewable energy, creates jobs, and investment. SolarReserve, a leading global developer of utility-scale solar power projects and advanced solar thermal technology, today announced that the 96 megawatt (MW) photovoltaic (PV) Jasper solar power project completed construction and is fully operational, … Continue reading Largest African Solar Energy Plant Comes Online In South Africa
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SunPower acquires Photovoltaic (PV) developer SolarBridge
SunPower Corp. (NASDAQ: SPWR) today expanded its product portfolio for its residential customers with the acquisition of SolarBridge Technologies, Inc., a leader in integrated microinverter technologies for the solar industry. SunPower will utilize this technology, which converts direct current (DC) generated by a single solar photovoltaic panel into alternating current (AC), to develop next generation … Continue reading SunPower acquires Photovoltaic (PV) developer SolarBridge
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Japan exploiting renewable energy to address shortage
Japan, an industrialized country but extremely resource poor, has put a great deal of attention on developing new and renewable energy over the years, with the latest case being in Okayama Prefecture where the construction of the biggest solar power plant was launched on Friday. A total of 920,000 solar panels will be installed … Continue reading Japan exploiting renewable energy to address shortage
Continue readingConstruction of 230 MW solar power plant begins in west Japan
A Japanese firm on Friday started construction of a solar power plant in western Japan’s Okayama prefecture, which will be one of the country’s biggest, the Kyodo news agency reported Friday. The 230-megawatt facility’s operator, Setouchi Future Creations LLC, a company founded by firms including GE Energy Financial Services and Toyo Engineering Corp., plans … Continue reading Construction of 230 MW solar power plant begins in west Japan
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Energy Storage for Grid System Industry in China 2014-2017
China Energy Storage for Grid System Industry Report 2014-2017 is a new market research publication announced by Reportstack. Energy storage has a wide range of applications in electric power system involving all aspects of power generation transmission distribution and end user. The energy storage technologies for grid system include pumped storage compressed air flywheel chemical battery … Continue reading Energy Storage for Grid System Industry in China 2014-2017
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Canadian Solar lands deal for three solar power plants in Brazil
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has won 3 solar photovoltaic (PV) projects totaling 114 megawatts (MW) In Vazante, in the state in Minas Gerais in Brazil. Canadian Solar, in partnership with Solatio, will develop, build and own the … Continue reading Canadian Solar lands deal for three solar power plants in Brazil
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Enel Green Power signs renewable energy supply with Endesa Chile
Enel Green Power, acting through its subsidiary Enel Green Power Chile Ltda (“Enel Green Power Chile”), and Empresa Nacional de Electricidad SA (“Endesa Chile”) have signed a long-term power supply contract, which also envisages the sale of the green certificates, with a term of around 20 years for two wind power projects and about 25 … Continue reading Enel Green Power signs renewable energy supply with Endesa Chile
Continue readingEGP wins 344 MW of renewable energy in Brazil, including wind energy and solar PV
The “Ituverava” and “Delfina” projects require a total investment of approximately 600 million US dollars to build. The award of new capacity marks a further step forward in Enel Green Power’s growth strategy for Latin America. Following the “Leilão de Reserva” public tender in Brazil, Enel Green Power has been awarded the right to … Continue reading EGP wins 344 MW of renewable energy in Brazil, including wind energy and solar PV
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Brazil contracts 769 MW of wind energy and 890 MW photovoltaic
Brazil awarded 20-year power supply contracts totaling 889.7MW of solar PV from 31 projects at an average price of R$215.12/MWh ($86.8MWh). The price was 17.9% below the cap prices of R$262/MWh set by the government. Brazilian developers on Friday sold 769.1MW of wind power from 31 wind farm projects at the government’s reserve auction … Continue reading Brazil contracts 769 MW of wind energy and 890 MW photovoltaic
Continue readingBrazil finally entered the solar power sector
Brazil finally entered the solar power sector on Friday, granting contracts for the construction of 31 solar plants as it tries to diversify its sources of generation amid an energy crisis caused by the worst drought in eight decades. Wind energy developers won contracts to sell 769 megawatts in installed capacity, at an average price … Continue reading Brazil finally entered the solar power sector
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SunEdison Wins 150 Megawatts Of Solar Photovoltaic Projects In Karnataka India
SunEdison, Inc. (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services, today announced that it has won 5 solar photovoltaic (PV) projects totaling 150 megawatts (MW) from Karnataka Renewable Energy Development Limited (KREDL) as announced by the Government of Karnataka. SunEdison or SunEdison affiliates, including Yieldcos, are envisioned as the … Continue reading SunEdison Wins 150 Megawatts Of Solar Photovoltaic Projects In Karnataka India
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Brazil’s first solar power auction to clear 500 MW
Brazil will take its first leap into commercial solar power generation on Friday with a rights auction of at least 500 megawatts of new solar energy plants, adding a new energy source as a drought reveals the danger of depending on hydropower. Sun-kissed Brazil has one of the highest solar radiation factors in the … Continue reading Brazil’s first solar power auction to clear 500 MW
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Chile: SunEdison closes $130 million for 69.5 MW Javiera photovoltaic solar energy plant
SunEdison, Inc. (NYSE:SUNE), a leading global solar technology manufacturer and provider of solar energy services, announced today the closing of a $130 million USD non-recourse debt financing arrangement with CorpBanca and BBVA. The debt proceeds will be used to fund construction of a 69.5 megawatt (MW) solar power plant located in Chile. The solar power … Continue reading Chile: SunEdison closes $130 million for 69.5 MW Javiera photovoltaic solar energy plant
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SunEdison and Rajasthan Government Sign MoU for 5 Gigawatts (GW) of Solar Photovoltaic
SunEdison, Inc., (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services, today signed a Memorandum of Understanding (MOU) with the Rajasthan Government aimed at developing Rajasthan as the global hub for solar energy. SunEdison intends to establish 5 GWs of capacity in the form of multiple Mega Solar Projects, with … Continue reading SunEdison and Rajasthan Government Sign MoU for 5 Gigawatts (GW) of Solar Photovoltaic
Continue readingABB secures $55m order for UAE photovoltaic solar energy
ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE), to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park. The order was awarded in the … Continue reading ABB secures $55m order for UAE photovoltaic solar energy
Continue readingBenefits of Solar Energy
Sun is the ultimate source of energy on earth and life on Earth is due to the power (energy) provided by the Sun. Scientists have developed the technology to directly convert the Solar Energy into Electricity with the help of photovoltaic cells. The ‘Solar Energy’ refers to the power generated from the Sun in the … Continue reading Benefits of Solar Energy
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