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ZSW, First Solar partner to collaborate on thin-film PV

Zentrum für Sonnenenergie- und Wasserstoff-Forschung Baden-Württemberg (ZSW) and First Solar have agreed to work together to develop thin-film PV technologies on a gigawatt scale.

Mercom, WoodMac note challenging PV investment climate in Q1

Mercom Capital Group says that total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024. The sector is still grappling with high interest rates, which Wood Mackenzie says is disproportionately affecting renewables projects.

Stellantis acquires 49.5% stake in Argentine solar company

Car manufacturer Stellantis has agreed to invest $100 million in a 49.5% stake in Argentina’s 360 Energy Solar. The two parties plan to develop new solar plants, install large-scale storage systems, and produce hydrogen energy.

European Investment Bank lends €150 million for renewables in Bhutan

The European Investment Bank (EIB) has agreed to lend €150 million ($160.2 million) for renewables in Bhutan, in order to fund solar and hydropower installations in remote regions. Solar facilities are expected to reduce Bhutan’s reliance on energy imports during the dry months of the year and diversify the nation’s electricity mix.

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Saudi Arabia could hit 130 GW of renewables by 2030, says GlobalData

GlobalData say it is “plausible” that Saudi Arabia could close in on its target of 130 GW of renewables by 2030 by strengthening policies, competitive auctions and other financial measures.

EWEC seeking proposals for 1.5 GW of solar in Abu Dhabi

Emirates Water and Electricity Co. (EWEC) is now accepting proposals for a 1.5 GW solar project in Abu Dhabi. The tender is open to the 19 bidders who passed the qualification process, following an expression of interest stage last year. The chosen developer or consortium will sign a long-term power purchase agreement (PPA) with the Abu Dhabi-based utility.

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JLR, Allye Energy partner on 270 kWh portable battery energy storage system

Jaguar Land Rover (JLR) and Allye Energy have agreed to collaborate on a 270 kWh portable battery energy storage system (BESS) built with second-life Range Rover batteries. The system, which is set to become the first commercially available BESS with JLR battery packs, can fully charge up to nine Range Rover PHEV vehicles at once.

Nhoa Energy commissions battery storage project in Taiwan

Nhoa Energy, an Italian developer, has commissioned a battery energy storage project for Taiwan Cement Group in Yilan county, Taiwan, with a capacity exceeding 120 MWh.

European Space Agency mulling feasibility of space-based solar power

The European Space Agency (ESA) is collaborating with policymakers, energy suppliers, and space companies under the Solaris initiative to assess the feasibility of space-based solar power. A decision on the viability of the project is expected by the end of 2025.

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AleaSoft notes slight recovery in European electricity prices

AleaSoft Energy Forecasting says that all major European electricity markets, except for Italy, have recorded negative hourly electricity prices for the second straight week. However, the Spanish consultancy notes that prices generally remain low.

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