News

Nexamp Obtains a US$440 Million Credit Facility to Develop PV and Energy Storage Assets

published: 2021-04-06 9:30
Nexamp announced on March 8 that it had signed a debt financing agreement for a portfolio of PV generation and energy storage assets. With this agreement, the company will receive US$440 million in funding. As for the portfolio, the PV generation assets are estimated to have a total generation capacity of 380MW, while the energy storage assets are estimated to have a total storage capacity of 120MWh. Based in the US, Nexamp is a developer and operator of PV projects. Its official website states that it can handle every aspect of the project development process, including financing, design, EPC, and O&M. ...  more

Celebrating 50 Years of Operation, Delta Aims to Achieve 10% Market Shares in Electric Vehicle Drivetrain by 2030

published: 2021-04-05 9:30
Taiwanese electronics manufacturing company Delta is currently celebrating its 50th anniversary. Established half a century ago in 1971, Delta was listed in 1988, and surged from NT$7 billion then to NT$800 billion in market value during 2021. Hai Ying-chun, Chairman of Delta, commented that the achievements of the company today are not only the recognition of the investors, but also indicates that the company has been doing the right thing as shown from the surging market value. ...  more

Google Works with Energy Tracker to Develop a New Model of Green Electricity that Tracks the Hourly Intensity of Carbon Reduction

published: 2021-03-30 9:30
Google announced in September 2020 that the company will aim to provide power for data centers and offices through carbon free electricity in 2030, and although no details have surfaced as of now, Google is now working with the Midwest Renewable Energy Tacking System (M-RETS) on researching and developing purchase models for green electricity that are more complex, so as to inspect and compare the renewable energy certificates and power consumption on an hourly basis that will strengthen carbon emission measures. ...  more

GCL Optoelectronics Completes a New Round of Fundraising for Building a 100MW Production Line for Perovskite Modules

published: 2021-03-29 9:30
GCL Optoelectronics announced in early March that it has secured more than RMB 100 million in its latest round of fundraising for building a 100MW production line for PV modules containing perovskite cells. The announcement was first conveyed through Cathay Communications to Polaris Solar Photovoltaic Network. Cathay Capital was the lead investor in this round of fundraising. ...  more

India to Impose 40% Heavy Solar Duty on Modules Starting from April 2022

published: 2021-03-25 9:30
The ratio of imported solar remains obstinately high for India, and the government is highly concerned about the progress in the local industry chain; thus, it decided to implement heavy duty to provide assistance for the local industry. The Government of India recently announced that the highest duty for imported solar panels will be 40% starting from April 2022, and the particular motion has already been approved by the Ministry of Finance. ...  more

German Government Pays EU€2.9 Billion to Compensate for the Early Decommissioning of Nuclear Power in 2022

published: 2021-03-25 9:30
Germany decided to advance the termination of nuclear power from 2036 to 2022 after the Fukushima Daiichi nuclear disaster in 2011, and has paid a substantial compensation for the implementation. The government agreed on the 5th to be paying EU€2.9 billion to compensate Swedish power company Vattenfall, as well as Germany power and natural gas suppliers RWE, EnBW, and Eon, who are forced to shut down their nuclear power plants in advance. ...  more