News

Europe’s Seizure of Natural Gas and Infrastructures May Also Impact Gas-Supplying Australia

published: 2022-06-24 9:30
The Russia-Ukraine war has prompted European countries to seek for alternatives for Russia’s natural gas supply. Australia, as one of the major exporting countries of natural gas, was supposed to enjoy this surge of revenue, however, Europe’s seizure of natural gas has also led to snatching of infrastructures, which made the country realize that it could also become a victim. ...  more

Envision AESC Will Build a New Gigafactory in Spain

published: 2022-06-23 9:30
Chinese battery manufacturer Envision AESC announced a new overseas project on June 3. Specifically, the company will build a new gigafactory in Spain. Named VENERGY+, the new gigafactory will be located in in the municipality of Navalmoral de la Mata, which is a part of the Spanish province Cáceres. With a production capacity of 30GWh per year, the new gigafactory is scheduled to enter operation in 2025. ...  more

Pakistan to Waive 17% GST on PV Modules

published: 2022-06-22 9:30
Pakistani news outlets reported on May 20 that their government has decided to remove the 17% general sales tax (GST) on PV modules (or solar panels). Prime Minister Shehbaz Sharif personally made the announcement at a meeting with the country’s leaders of industries and businesses. He said eliminating this tax, which was imposed by the previous government, was the “only way forward” as the country faces a sharp increase in the costs of importing energy. ...  more

Solterra Obtains USD 10 Million from Leyline for Development of 1GW of PV Projects

published: 2022-06-21 9:30
US-based Leyline Renewable Capital announced on June 16 that it has established a partnership with Solterra Energy. According to the official press release about this event, Leyline will provide USD 10 million to Solterra. The latter will use the capital for early-stage growth and the development of up to 1GW of DG and utility-scale PV projects in the eastern part of the US. ...  more