EKI Energy registers Azerbaijan’s 230 MW solar energy project for voluntary carbon markets
The large-scale solar initiative, known as “Project Area 60,” marks Azerbaijan’s debut in the voluntary carbon market. It is also the first-ever large scale solar project overall in the country.
Jakson Green secures $35.38 million credit facility from First Abu Dhabi Bank
Jakson Green has secured a credit facility of INR 2.96 billion ($35.38 million) from First Abu Dhabi Bank (Mumbai) to fuel its international expansion. The first beneficiary of this funding will be Jakson Green’s upcoming solar and battery storage project in Uzbekistan.
Amara Raja signs LFP battery technology deal with China’s Gotion
Amara Raja Energy & Mobility Ltd has secured the technology license from China’s Gotion High-Tech to manufacture lithium ferro phosphate (LFP) battery cells in both cylindrical and prismatic form factors.
Amara Raja increases stake in InoBat to 9.32%
Amara Raja Energy & Mobility has increased its stake in EV battery specialist InoBat to 9.32% with a further investment of EUR 20 million into the company.
Polish grid operator switches off gigawatts of PV
Polish grid operator Polskie Sieci Elektroenergetyczne (PSE) has announced its third disconnection of renewable energy capacity this year. This time it has initiated the reduction of 1,201 MW to 1,877 MW of PV in response to oversupply.
Serbia attracts $2 billion Chinese investment in solar, wind, hydrogen
The Serbian Ministry of Mining and Energy has signed a memorandum of understanding (MoU) with Chinese companies Shanghai Fengling Renewables and Serbia Zijin Copper. It envisages the construction of 1.5 GW wind and 500 MW of solar projects alongside a green hydrogen production facility with 30,000 tons of annual output.
Solar plants under threat from hostilities in Ukraine
Trade body the Ukrainian Association of Renewable Energy says more than 70% of the nation’s solar fields are either in, or near regions which have been affected by the fighting.
Ukrainian energy company restarts grid generation from its solar parks
Clean energy facilities have been ordered offline in the nation since Thursday as the national grid ran an exercise to establish how it would function in isolation from the power networks of Russia and Belarus.
IEA outlines plan to rapidly reduce dominant role of Russia in Europe’s energy markets
The International Energy Agency has published a 10-point plan for Europe to reduce its reliance on natural gas imported from Russia. The plan would see Russian gas imports to EU member states reduced by one third within a year, and notes that further reductions within this timeframe would come with significant tradeoffs, likely to impact both energy prices and Europe’s Green Deal. The plan was presented by Fatih Birol, executive director of the IEA, in a virtual press conference held earlier today.
Modison Metals to expand into battery storage, EV charging in partnership with Russian firms
The electrical contacts manufacturer will join hands with battery storage firm RENERA and EV charger manufacturer L-Charge for its business expansion into these segments.
