International Finance Corporation (IFC) plans to provide debt financing of up to $43.3 million in in Munjal family-promoted Hero Future Energies Global Ltd (HFE) for the construction of a solar power plant. The Fund will be used to build a 250 MW project at Bhadla in Rajasthan, IFC a sister organisation of the World Bank […]
With growing solar PV installations and further gaining up in renewable power capacity additions clubbed with enticing business for electric vehicles in India, the rationale behind the battery energy storage systems (BESS) is certain to embellish and gather momentum in the country says the ResearchAndMarkets in its news report. The research firm notes that the […]
Global business information provider IHS Markit in its new report notes that the global solar PV market is set to bounce back from single-digit growth in 2018 to 25 percent growth in 2019, reaching 129 gigawatts of solar installations. This revived growth comes mainly from markets outside of China, which are forecast to rise by […]
EnergySage has released its latest semiannual Solar Marketplace Intel Report. Based on millions of transaction-level data points generated within the EnergySage Solar Marketplace during 2018, this report tracks demand for American-made solar panels in the U.S. and provides dozens of other insights into consumer shopping behavior. In January 2018, the Trump administration acted on the U.S. International […]
In India several power-consuming small and medium enterprises (SMEs) hesitate to install rooftop solar panels due to perceived performance risks says a survey carried out by Deloitte in collaboration with the CIF. The survey, titled ‘Scaling Up Rooftop Solar in SME Sector in India’, was conducted by across 150 MSMEs in six industrial clusters — […]
ResearchAndMarkets in its new reports forecasts the photovoltaic (PV) inverter market to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. The research firm in a statement said that growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. ResearchAndMarkets […]
The 2019 edition of BP Energy Outlook, published explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future. These […]
The Indian market for solar lanterns and solar home systems is expected to reach a size of up to USD 327 million by 2023, according to a new GOGLA-commissioned report. Prepared by cKinetics, the Peering into the future report reveals that increasing incomes and greater energy demand will drive market growth. Most of the futures sales are estimated […]
Adani Green Energy (AGE) recently said it has acquired 51 per cent equity share capital of Kodangal Solar Parks Pvt Ltd (KSPPL) from FS India Devco Pvt Ltd for about Rs 1.69 crore. Adani Green Energy already held 49 per cent stake in KSPPL. KSPPL was incorporated in August 2015 and has set up 20 […]
JinkoSolar announced its unaudited financial results for the third quarter ended September 30, 2018. Third Quarter 2018 Highlights Total solar module shipments were 2,953 megawatts (“MW”) (including 0.2 MW to the Company’s overseas downstream segment for which no revenue has been recognized), an increase of 5.7% from 2,794 MW in the second quarter of 2018 and […]
