Sep 104 min read

OneShot: A quick view on Global Renewable energy NEWS

Arevon secures $299 million for Ratts 1 and Heirloom solar projects in Indiana :

Arevon Energy has secured $299 million in debt financing for its Ratts 1 and Heirloom Solar Projects in Pike County, Indiana. These projects will contribute 264 MW (MWdc) of renewable energy to the Midwest and MISO region. Construction has begun for these projects, and they are expected to be fully operational by the third quarter of 2025.

Researchers Build All-Perovskite Tandem Solar Cell with 28.49% Efficiency :

The cell's power conversion efficiency came to be 28.49% Researchers from the Huazhong University of Science and Technology in China have developed an all-perovskite tandem solar cell with a record power conversion efficiency of 28.49%.

ISA, MIGA set up multi-donor trust fund to support solar projects :

The Multilateral Investment Guarantee Agency (MIGA), part of World Bank Group Guarantees and the International Solar Alliance (ISA), on Friday announced the setting up of a fund to support solar projects. The MIGA-ISA Solar Facility, a multi-donor trust fund, will combine ISA's technical expertise and MIGA's capacity to mobilise financing, creating an innovative mechanism to accelerate the global adoption of solar energy, according to a statement.

Solar city, VR zone become popular attractions at International Solar Festival 2024 :

The International Solar Festival 2024 features a futuristic solar city in which the sun powers everything. It also has virtual-reality devices depicting solar parks and agriculture solar, and a solar smash game that gives visitors on an experiential journey of transition from fossil fuel-based power to clean and renewable solar energy, reported TOI.

ISA in talks with Africa50 to manage USD 200 mn Africa Solar Facility :

International Solar Alliance (ISA) on Thursday announced that it has entered into exclusive discussions with Africa50 to serve as a potential investment manager for its proposed Africa Solar Facility (ASF). The ASF is a USD 200 million initiative designed to unlock investment in distributed solar projects across Africa, an ISA statement said.

SunVest Solar Acquires 60MW Illinois Community Solar Portfolio :

SunVest Solar, a leading developer in distributed generation renewable energy, announced the acquisition of a portfolio of late-stage development projects in Illinois. The portfolio, which totals over 60 megawatts (MWdc), consists of 10 community solar projects located in both ComEd and Ameren service areas.

Aqunion Partners with SPS to Pioneer Solar-Powered Abalone Farming, Setting a New Standard for Sustainability :

Aqunion, a global leader in abalone farming and a subsidiary of the Sea Harvest Group, has embraced solar energy as part of its sustainability strategy through a partnership with Sustainable Power Solutions (SPS). This innovative collaboration sets a new benchmark for sustainable aquaculture, showcasing how advanced renewable energy solutions can significantly reduce operational costs and emissions.

Ethiopia Advances Solar Energy Projects For Water And Agriculture Development :

The Honorable Minister of Water and Energy, Dr. E.R. Habtamu Itefa, highlighted Ethiopia’s progress in solar energy development during the 6th African Regional Committee meeting of the International Solar Alliance in Abidjan. The Minister emphasized the crucial role of solar energy in providing clean drinking water and supporting agricultural activities in Ethiopia.

Malaysia’s Solar Potential In 2035 - 95% Untapped Opportunities With NETR Implementation :

The report, titled “Solar and Grid Flexibility Critical for Malaysia’s Future Electricity Affordability and security,” outlines how Malaysia can leverage its abundant solar resources to achieve a more sustainable and resilient energy system.

Singapore signs deals to import 400 MW of renewables from Indonesia :

Singapore-based Vena Energy, in partnership with Shell Eastern Trading, China’s Trina Solar with Gurin Energy’s Vanda RE, are working on clean energy projects in Indonesia’s Riau Islands to supply Singapore’s energy needs.

South Korea records 1.2 GW of solar in H1 :

South Korea installed approximately 1.2 GW of new solar during the first half of the year, the Korea Energy Agency has told pv magazine. Estimates suggest between 2.7 GW and 2.8 GW will be added throughout all of 2024.

Cellphone-linked portable device for real-time solar module characterization :

Scientists in Colombia have conceived a new portable electronic device for on-site measurements of the I-V and P-V curves of photovoltaic panels. The novel system considers solar radiation, ambient temperature, electric current, and voltage signals from a PV panel via a cellphone through a mobile application.

Timber framed solar carports for residential, commercial applications :

Swedish renewable energy system provider Innoventum has launched a solar carport line equipped with bifacial modules in a glue-laminated timber structure, along with electric vehicle charging, energy storage, lighting, and inverter equipment.

Sunny end to summer boosts solar in most of Europe:

A blocking high-pressure system over Europe brought high temperatures and up to 20% more irradiance than normal across much of the continent in August, according to analysis using the Solcast API.

128-MW Cooks Mill solar project begins construction in central Illinois :

“We are thrilled to partner with Alberici on this project,” said Zack Zoller, VP of Engineering, Procurement and Construction for Adapture Renewables. “This partnership reflects a shared commitment to sustainability and demonstrates how renewable energy farmed from the sun can power the future of technology.

The first silent wind turbine is the end of solar panels - 1500 kWh from your garden and free electricity :

Self-consumption has traditionally been linked to solar panels, with power output skyrocketing across the country. However, a team of engineers has just turned this trend on its head and shown that there are even more viable options. Not enough hours of sunshine in your city? Not enough space in your backyard? Don’t worry, this is the first silent wind turbine that will revolutionize the way you produce clean, free electricity with skyrocketing efficiency.