Author: solarenergy
Rystad Energy says China appears poised to smash its national hydrogen targets and consolidate its lead in the global electrolyser market, while the European Union and Japan have agreed to cooperate on hydrogen research. June 7, 2024 Sergio Matalucci Image: Rystad Energy’s hydrogen solution, June 2024 Rystad energy said China’s hydrogen electrolysis capacity could reach 2.5 GW by the end of December, reaching the 2025 green hydrogen production target a year earlier. “This capacity to be expected to produce 220,000 tons per year (tpa) green hydrogen, 6 kilotons per year (KPA) more than the rest of the world combined,” said…
June 7, 2024June 7, 2024 Last August, MDN told you about a new Cambridge University study published in the journal Science exposing the sale of carbon credits as a scam (see Cambridge Study Finds Carbon Offsets Using Trees is a Scam). After the carbon credit scam was exposed, major companies like Shell, Nestle and Gucci exited the market and refused to spend money on so-called solutions to global warming (see With Carbon Credits Scam Exposed, Big Names (Like Shell) Exit market). How big is the scam? Try almost $1 trillion per year (see Global Carbon Credit Market is $909 Billion…
Credit: NextEra Energy Entergy and NextEra Energy Resources, a subsidiary of NextEra Energy, today announced a five-year joint development agreement that will accelerate the development of up to 4.5 GW of new solar power generation and energy storage projects. The agreement represents significant progress toward Entergy’s growing renewable generation portfolio. “We are excited about this joint development agreement, which will enable Entergy to provide our customers with low-cost, renewable energy as demand grows in Arkansas, Louisiana, Mississippi and Texas,” said Rod West, group president of utilities for Entergy. . “We believe the energy industry is at an inflection point and…
The New York State Energy Research and Development Authority announced today that $5 million is now available demonstration projects where solar energy locations and agricultural activities are placed side by side in New York State. Through the Environmental Research Program, this funding will support researchers, solar developers, farmers, nonprofits and local governments interested in demonstrating the use of the same land for renewable energy generation from solar panels and active agriculture, including also called agrivoltaic energy. Today’s announcement supports the Climate Action Council Scoping Plan framework for how New York will reduce greenhouse gas emissions and achieve net-zero emissions, and…
Longi says it will issue up to CNY10 billion ($1.38 billion) in bonds. It will use the funds primarily to support operational needs, replenish working capital, repay interest-bearing debt and support the construction and operation of projects. June 7, 2024 Vincent Shaw Long plans to issue up to CNY10 billion in bonds with a term of up to seven years. The issuance may include general corporate bonds, perpetual corporate bonds, short-term corporate bonds, technological innovation bonds and green bonds. The company said the specific terms and size of the issuance will be based on financing needs and prevailing market conditions…
Solar sales and design platform Aurora Solar is expanding into whole-home electrification and energy needs. Aurora’s new tools can aid with energy optimization, storage retrofit proposals and storage modeling. According to Aurora Solar’s “2024 Solar Industry Snapshot,” 10% of homeowners want to electrify their home before considering solar and 37% feel solar panels are more valuable when paired with whole-home electrification. Aurora’s new whole home energy tools with Sales Mode allows U.S. residential solar companies to become trusted energy advisors by offering comprehensive clean energy proposals that increase credibility and deal value. “We understand the unique challenges solar professionals face when…
China’s updated energy market regulation now includes a broader range of market participants, including energy storage entities, in an effort to ensure safe operation. June 7, 2024 Vincent ShawFrom pv magazine ESS news placeChina’s National Development and Reform Commission (NDRC) recently updated its rules for electricity market operation, which will come into effect on July 1. The National Energy Administration (NEA) then organized a press conference to explain the major changes in the rules compared to the 2005 rules. version.The renaming to “Basic Rules for the Operation of the Energy Market” was a notable change that was intended to harmonize…
FutureVoltaics says it has developed pre-assembled reflector-based vertical rooftop PV systems. The systems are equipped with 175 W heterojunction bifacial solar panels and special reflectors on both sides. June 7, 2024 Pilar Sanchez MolinaBy pv magazine SpainSpanish startup FutureVoltaics, a spin-off from the Spanish National Research Council (CSIC), has developed and launched a pre-assembled, vertical PV system for rooftop applications.The Vechtor system can be easily installed by unfolding it, with polished and raw metal mirror reflectors. They are arranged in a specially designed pattern on both sides of the dual-sided solar panels.“We offer our customers a foldable kit with a…
The planning inspectorate will pass on their advice on the project to the State Secretary at the beginning of August. Image: West Burton Solar Project. Island Green Power’s proposed 480MW West Burton Solar Project has progressed to the next stage of development consent, with the Planning Inspectorate concluding its investigation. The investigation concluded on May 8 and the Planning Inspectorate will pass on their advice on the project to the Minister of Foreign Affairs in early August. The State Secretary then has three months to make a decision. If developed, the West Burton Solar Project would provide solar and energy…
The state-owned Infrastructure Development Co. Ltd. (IDCOL) of Bangladesh is providing loans to several jute and textile manufacturers to deploy 40 MW of rooftop PV systems. June 5, 2024 Syful IslamThree Bangladeshi jute and textile manufacturers will set up nearly 40 MW of rooftop and ground solar capacity to reduce their dependence on electricity grid and utility bills.State-owned IDCOL will provide 80% of the financing for the projects in the form of soft loans. “We have approved loans for these companies to set up solar roof systems,” IDCOL Deputy CEO SM Monirul Islam said. pv magazine.He said the companies will…