News

Work Begins on Indonesia’s First and Southeast Asia’s Largest Floating PV Project

published: 2021-08-23 9:30
Reuters and other news agencies reported on August 3 that construction has commenced for the 145MW Cirata floating PV power plant in Indonesia. This project was formally given the go ahead after the Indonesian public utility Perusahaan Listrik Negara (PLN) and UAE-based renewable energy developer Masdar had agreed on the terms of financing. Masdar already signed the PPA for the project with PLN in January 2020. The Cirata floating PV power plant represents the company’s first venture in the Southeast Asian market. ...  more

Boards of US-Based Clean Energy Trade Groups ACP and ESA Approve Merger

published: 2021-08-20 9:30
The boards of directors of the American Clean Power Association (ACP) and the US Energy Storage Association (ESA) have voted to merge the two trade groups, thereby combining their staff, programs, and members under a single entity. ACP and ESA are nation-wide organizations that represent major energy companies and lobby state legislatures and the Congress. The reason for the merger is to further enhance the capabilities related to advocacy, research, and education. The new and larger trade association is thus expected to help expedite the growth of the renewable energy industry in the US. ...  more

SEIA Opposes Suniva and Auxin Solar’s Petition for Extending Section 201 Tariffs

published: 2021-08-19 9:30
American PV module manufacturers Suniva and Auxin Solar are reportedly to have sent a petition to the US International Trade Commission (ITC) asking for an extension of the enforcement of the Section 201 tariffs. The tariffs, which will remain effective up to February 2022, were introduced in 2018 to limit imports of PV modules and cells from other countries, especially China. ...  more

Czech Republic Plans to Spend US$2.4 Billion to Support Development of Local EV Battery Production

published: 2021-08-19 9:30
News agencies in Europe have reported that the Czech Ministry of Industry and Trade and ČEZ Group signed a memorandum of understanding indicating that they will be working together to help establish a local EV battery manufacturing plant. The memorandum was signed on July 27, and it entails a project investment of around US$2.4 billion. The ultimate goal is to land a “gigafactory” that has an annual production capacity of 40-55GWh and provides at least 2,300 new jobs. ...  more

ReneSola Joins Forces with Emeren to Build PV Power Plants in Italy

published: 2021-08-17 9:30
ReneSola announced on July 30 that it has entered into a strategic partnership agreement with Emeren to jointly develop ground-mounted PV projects in Italy. Emeren is a UK-based company that specializes in the setup of PV systems and energy storage systems for the utility market. ...  more

Biden’s Green Policy Propels ESG

published: 2021-08-17 9:30
US President Joe Biden has been actuating his new green policy by establishing the environmental protection cabinet, as well as investing US$200 million into the environmental protection and energy field within 4 years, in the hopes of laying down an excellent foundation for the country that will enable it to achieve its target of 100% clean energy and zero carbon emission before 2050. ...  more

CTBC’s Green Energy and Electric Vehicle ETF Approved for Public Offering, Allowing Investors to Grasp Net-Zero Business Opportunities

published: 2021-08-16 17:37
As Earth is getting hotter, net-zero economy has become a common goal shared by governments worldwide. To help investors grasp opportunities for net-zero business, CTBC Investments issued the Green Energy and Electric Vehicle ETF, which has recently been approved for public offering by the relevant authorities. Being the first to launch an ETF that targets both renewable energy and electric vehicle (EV) trends in Taiwan, CTBC has seized the “trillion-dollar” business opportunity of green transformation and EV boom. ...  more