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JinkoSolar’s expansion into Saudi Arabia

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JinkoSolar has formed a joint venture (JV) with a subsidiary of Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries Company (VI) to establish a new factory in NEOM’s Oxagon city. This USD1 billion investment aims to pioneer digitalization and sustainability by producing 10 GW of TOPCon solar cells and modules annually. Slated for completion in 2026, the facility will be powered entirely by green energy and is expected to set a benchmark with the world’s first 27 per cent efficiency solar cells. 

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Inkia Energy approvED to expand Peru’s Sunny solar plant

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Peruvian power generator Inkia Energy has received environmental approval to expand its Sunny solar power plant from 228 MWp to 338 MWp.  This expansion is part of the company’s broader plan to establish a solar hub in Peru, contributing approximately 1 GW of renewable capacity to the national grid by the fourth quarter of 2025. The Sunny solar project, currently under construction in southern Peru, will be fully operational by the second half of 2025….

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Nala Renewables acquires 99.2 MW onshore wind project in Romania

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Nala Renewables, a global power and renewable energy investment platform, has announced the acquisition of a 99.2 MW onshore wind project from OX2. This project, located in eastern Romania, is expected to begin construction in the third quarter of 2024. This acquisition marks Nala’s third transaction in Central and Eastern Europe (CEE) during 2024, reinforcing its focus on the region, where it has a portfolio exceeding 1.5 GW of renewable energy projects. The project will…

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Saatvik Solar supplies 70.2 MW of high-efficiency modules for SJVN’s Punjab power project

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Saatvik Solar has delivered 70.2 MW of high-efficiency Mono PERC 545Wp solar modules for SJVN Limited’s power project in Punjab. These high-performance modules, made from single-crystal silicon, are designed to maximize energy output, even in low-light conditions, and feature a uniform black appearance. Their design makes them especially suitable for projects where space needs to be used efficiently.

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Trump’s campaign vows to overturn Biden’s clean energy policies if elected

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Donald Trump’s presidential campaign announced plans to scrap many of President Biden’s clean energy initiatives if Trump is re-elected. The campaign aims to eliminate regulations on power plants and transportation emissions, and fast-track approvals for new power plants to meet growing electricity demands. David Bernhardt, Trump’s former Interior Secretary, stated that Trump would authorize the construction of hundreds of new power plants and withdraw the U.S. from the Paris Climate Agreement. He criticized Biden-Harris policies…

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Hygenco and REC sign $280 million MoU for green ammonia project in Odisha

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Hygenco Green Energies and REC Limited have signed a Memorandum of Understanding (MoU) at the 4th Global Renewable Energy Investors Meet in Gandhinagar, Gujarat, to finance Hygenco’s green ammonia project in Gopalpur, Odisha. Under the agreement, REC will invest $280 million in the project. Hygenco plans to expand its investments in India, with $2.5 billion earmarked for green hydrogen and green ammonia projects in the coming years. In recent developments, Hygenco has signed MoUs with…

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Russia files lawsuit against energy giant Shell

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A Russian court document revealed that the prosecutor general of Russia has filed a lawsuit against eight Shell units in Moscow’s arbitration court. The case involves Gazprom, the Russian Energy Ministry, regulators from Sakhalin Island, and the prosecutor general’s office. Shell previously held significant stakes in Russian energy projects, including a liquefied natural gas (LNG) plant on Sakhalin Island operated by Gazprom. However, after the Ukraine invasion, Shell withdrew from all Russian projects, including the…

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