News

FinnFund and Norfund extend $20 million to Starsight solar

FinnFund and Norfund, Nordic financial companies have decided to increase funding to Starsight solar by $10 millionThe funding available since 2019 has now increased from $10 million to $20 million. are increasing the line of credit initially granted to Starsight by $10 million in 2019.

Interviews

There is a need for a strong offshore wind supply chain: Ocean Winds’ Daniel Finch

Ocean Winds began operations with fixed projects in France with 500 MW capacity each in the locations of Treport and Noirmoutier. The company also has operations in the US where it partnered with Shell in developing the Mayflower project, off the east coast. It had also developed a new technology for floating wind which was used to execute an upcoming project off California. Further, Ocean Winds has collaborated with Ignitis for projects in Lithuania and also proposed wind projects in Poland and the Mediterranean.

Opinion & Perspective

Viability assessment of new domestic solar module manufacturing units

India is one of the leading module manufacturers with a growing capacity and promising potential. However, the country still lags behind China. In its report titled "Viability assessment of new domestic solar module manufacturing units", Institute for Energy Economics and Financial Analysis (IEEFA) evaluates the question of whether India can compete against China in PV production.

Mega Trends & Analysis

Evolution of power sector in the US with widespread electrification

NREL's recent report analyses different scenarios of electrification in the US and how it will impact capacity addition and operation of the grid. To meet electricity demand in high-electrification scenarios, installed capacity grows to more than double 2018 levels by 2050. Generation from low-cost renewable energy increases in all the scenarios.

Policy Watch

Virginia’s Energy Storage Regulations: To help meet the state’s clean energy goals

In 2020, Virginia became the seventh US state to adopt energy storage procurement goals for utilities. This was achieved with the passage of the Virginia Clean Economy Act (VCEA) by the General Assembly. The Act aims to get the state to zero carbon emissions by 2050 and the state utilities to generate electricity from 100 per cent renewable energy sources by 2045.

Tech Talk

How charging in buildings can power up the electric-vehicle industry

While EV charging stations in private residences are quite common today, on-site commercial charging will need to become a standard building feature in the next ten years to meet consumer demand. Across the three most advanced EV markets—China, the EU-27 plus the United Kingdom, and the United States—charging in residential and commercial buildings is the dominant place for the foreseeable future and will remain key to scaling the industry.

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Webinars & Videos

Knowledge Centre

Finance

Funding and M&A activity for the solar sector in 2020

Following a tough first half when corporate funding was down 25% year-over-year, recovery has been swift and broad, with corporate funding up 24% for the year. The solar ETF was up 225%, with 15 solar stocks up over 100% in 2020. Public market funding was also up with the help of several IPOs, and debt financing was up on the back of securitization deals.

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