Tata Power, one of India’s largest private power utilities, has said that it plans to invest up to $5 billion into increasing its renewable capacity fourfold.
The European Bank for Reconstruction and Development (EBRD) has approved a $31.6 million loan to Desert Solar Power One (DSPO) to fund construction of a 30 MW solar power plant in Mongolia.
The Chinese renewable energy firm Hanergy has announced that it has introduced a new generation of Hantile building product for solar panels.
DTEK of the Ukraine and China Machinery Engineering Corporation have signed a contract for the construction of a 200 MW solar power plant in Nikopol, in the Dnipropetrovsk region of Ukraine.
Saudi Arabia has announced ambitious plans to build a 200 GW solar power plant.
January's announcement that the US government planned a 30% tax on the import of solar panels might have left the US market questioning the future of their clean energy industry. But, for those outside of the US, this dark cloud could have a silver lining as manufacturers look to increase market share elsewhere.
By Maria Connolly, Partner and head of Energy and Renewables at TLT
Germany has announced plans to increase power generation in Nigeria by 500 MW through renewable energy.
The electric utility industry is undergoing a major transformation driven by new sources of energy generation (solar and wind power), consumer demand for faster and more affordable services and cyber security. The emerging modern grid demands accurate data and electric network information. As a result, managing data to harvest insights and forecast more accurately has huge potential to optimise operations. Utilities must therefore overcome current constraints and limitations to ensure high quality operational data is available.
By Dan Beasley, Director, Utilities, Cyient
Numerous projects to build large solar power facilities are underway in Vietnam, as the country tries to compensate for the anticipated power shortage likely to result from the recent cancellation of nuclear power plant construction projects.
The Uttar Pradesh Government has said that the Indian state will set up around 6000 solar power plants to meet its clean energy target of 10,700 MW in the next five years.