CubicPV, Waaree sign five-year deal for annual solar cell supply of 1 GW
USA-headquartered CubicPV will supply, per annum, 1 GW of Direct Wafer silicon solar cells to Indian manufacturer Waaree Energies under a five-year contract. The cells will be supplied from its upcoming 2 GW factory in India.
BlackRock, Mubadala to invest in Tata Power Renewables
Tata Power has raised INR 4,000 crore (US$ 525 million) from a consortium led by the world’s largest fund manager BlackRock Real Assets and Abu Dhabi sovereign wealth fund Mubadala Investment Company to fund the growth of its renewable energy business.
Powin, O2 Power sign battery storage supply agreement
The agreement will see Powin supply and commission its advanced Stacks battery storage product lines for round-the-clock renewable energy projects undertaken by O2 Power.
IntriEnergy secures solar patent in India
The USA-headquartered clean technology company has been granted a patent for its PV cell technology platform that can increase the energy output of solar panels by up to 60% without increasing the panel size.
US EV battery manufacturer demonstrates 750+ mile range, raises $65 million
Michigan’s Our Next Energy (ONE) said it will use the funding led by BMW to accelerate R&D and build a US manufacturing facility.
Ohmium to sponsor CSIR-CECRI research on advanced materials for electrolyzers
Ohmium has collaborated with India’s CSIR-Central Electrochemical Research Institute as it aims to make green hydrogen not only cost-effective but also scalable to meet the world’s demand. The sponsorship enables it to leverage CSIR-Central Electrochemical Research Institute’s deep expertise and resources for further development of electrolyzer technology.
Solar power prices rising with demand
Recent BloombergNEF research shows that corporations procured a record 31GW of renewable energy in 2021, and LevelTen Energy says that growth occurred despite more than a year of price increases.
Solar-powered camper from Airstream is a two-wheeled electric car
The camper can be driven and parked without the use of a car, is integrated with solar, and optimized for the electric vehicle revolution.
US government extends Section 201 tariffs on imported PV panels, cells
The Biden administration has upheld an exclusion for bifacial panels in its new extension of Section 201 tariffs, while ramping up the annual tariff rate quota for cells to 5GW.
Virescent Renewable Energy Trust raises INR 650 crore via domestic bonds
The investors included domestic financial institutions India Infrastructure Finance Company Limited and Aseem Infrastructure Finance Limited. Virescent shall use the proceeds primarily to fund solar asset acquisitions related debt requirements.
