Wednesday, August 4, 2021


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Krannich Solar and Fimer Enter Into Strategic Partnership – Live Discussion, Join Now!


Krannich Solar, one of the leading distributors for photovoltaics worldwide has signed a collaboration agreement with FIMER, the fourth largest solar inverter supplier in the world for the distribution of their inverters in Indian market. The alliance will strengthen the competitiveness through leveraging each other’s competencies and experience and ensure the most efficient and reliable deliveries to the customers.

As one of the top solar inverter suppliers in the world, FIMER has an extensive portfolio of string, central and legacy inverters. FIMER offers a wide range of single and three phase PV inverters ranging from 1.2 kW to 5 MW. FIMER is enriching the Krannich product range with high end energy solutions suitable for residential and commercial projects.

We are very pleased to start working together with FIMER” says Sandeep Banodiya, Sales Director of Krannich Solar India. “The inverters compliment our product range very well as they will offer our customers excellent quality and significant added value. With FIMER we will create a winning partnership in the India like other countries. With FIMER we have a partner that has built up an excellent reputation for quality and reliability.”

“We have a global partnership with Krannich and we would like to strengthen this further with our relationship in India”, says KN Sreevatsa, Country Head of FIMER in India. “Krannich has an excellent team and will be our national partner to enhance our presence in India. We shall offer our entire range of string inverters with our partnership which will help our customers with ease of doing business. We are excited to partner with Krannich in this new era of FIMER”.

Fimer is going to showcase its wide array of string inverters at 3pm on 3rd July, in the webinar. The company will also be discussing about the Fimer – Krannich partnership, join now:

Renewable Energy Projects in Kuwait


According to a report by Al-Rai daily, in partnership with the Ministry of Electricity, Water and Renewable Energy, The Minister of State for Municipal Affairs and Minister of State for Housing and Urban Development (Shaya Al-Shaya) formed a task force for Housing Welfare (PAHW) in the Public Authority to study and approve the authority’s renewable energy projects.

Members of the task force are Badour Al-Sharrah, Bassem Al-Mislim, and Khaled Al-Rashidi, and Faisal Mulla Ali, Yasmine Al-Hashemi, Rahaf Al-Otaibi.

The tasks of the task force comprises of follow-up study and review of all plans, design, and implementation, specifications, studies, reports, and materials of the solar photovoltaic system, for each project of PAHW distinctly.

The tasks also comprise of approval of the subcontractor for solar energy works of each PAHW project separately, by representatives of the Ministry of Electricity, Water and Renewable Energy, according to the list of companies approved by the ministry, and submitting the final plans for the solar PV system for each project of PAHW, for approval by representatives of the Ministry of Electricity, Water and Renewable Energy.

In addition, the following up, studying, and approving all other renewable energy systems in the PAHW’s projects, setting up a mechanism for receiving and inspecting projects that have been completed, and keeping pace with any development in the requirements and laws of renewable energy systems affiliated to the Ministry of Electricity, to be applied in PAHW’s future projects.

To prepare a structured system and carry out its meeting under the presence of the majority of its members and as per the regulations of the employment affairs department.

Solar Panel Recycling Market: Worldwide Industry Analysis


New Trends of Solar Panel Recycling Market with Worldwide Industry Analysis to 2026

Solar Panel Recycling Market: Introduction

  • The global solar panel recycling market was valued at ~US$ 40 Mn in 2018 and is anticipated to expand at a CAGR of ~37% during the forecast period
  • Based on process, the combination segment dominated the global solar panel recycling market in 2018. It comprises a combination of different processes such as thermal, chemical, and mechanical.
  • Based on product, the silicon-based PV segment constituted dominant share of the global solar panel recycling market in 2018. Silicon-based PV has a large installed base; as a result, silicon-based solar PV panels are estimated to hold a large share of the solar panel recycling market in the near future.
  • Based on material, the glass segment held significant share of the global solar panel recycling market in 2018. It consists of the highest share of the overall solar module and can be recycled up to 95% of the total waste.
  • The solar panel recycling market in Europe is projected to expand at a substantial pace during the forecast period, owing to high installed base of solar panels in the region

Key Drivers of Solar Panel Recycling Market

  • Rise in number of end-of-life solar panels across the globe is anticipated to drive the solar panel recycling market during the forecast period
  • Deployment of solar photovoltaic panels has been increasing significantly. Solar photovoltaic modules have a useful lifespan of approximately 25 years to 30 years.
  • The number of photovoltaic modules that reach the end of their useful life is likely to increase substantially after the time lag of operation and decrease in efficiency, resulting in waste generation
  • Sustainable waste management provides the benefits of 3Rs: reduce, reuse, and recycle. When a product cannot be repaired or reused, recycling is the next preferable option before its disposal as waste.
  • Solar panel recycling has become an important emerging market, owing to the presence of large volume of waste photovoltaic modules
  • The EU Waste Electrical and Electronic Equipment (WEEE) Directive, which was revised in 2012 (2012/19/EU), addresses the waste management of all electronics, including waste PV modules. It requires 75% recovery and 65% recycling rate of waste PV modules by mass to be recycled through 2016. The recovery/recycling rate then increased to 80%/75% through 2018 and to 85%/80% thereafter.
  • Thus, increase in end-of-life solar panels is anticipated to drive the global solar panel recycling market in the near future

Europe Offers Lucrative Opportunities to Solar Panel Recycling Market

  • Europe is anticipated to be a highly attractive region of the global solar panel recycling market during the forecast period. The solar panel recycling market in Europe is estimated to expand at a significant pace between 2019 and 2027, as the region has the highest installed base of solar energy. Increase in the number of end-of-life solar panels is anticipated to result in a rise in solar panel waste. Thus, demand for solar panel recycling is expected to increase in Europe in the near future.

Major Developments in Solar Panel Recycling Market

  • In January 2019, The Ministry of New and Renewable Energy (MNRE), India, proposed to follow the glass recycling procedure for solar photovoltaic (PV) panels under a new framework. It is expected to be made mandatory for solar power developers. Producers would be made responsible for ensuring recycling of end-of-life glass panels as part of their extended responsibility as in the case of e-waste, which covers used lead-acid batteries, packaging materials, etc.

Competition Landscape of Solar Panel Recycling Market

  • The global solar panel recycling market is highly consolidated. A few international players hold a significant share of the global solar panel recycling market.

Major players operating in the global solar panel recycling market are Morgen Industries, Inc., PV Recycling, Reclaim PV Recycling, Silcontel Ltd, Reiling Glasrecycling Danmark ApS, ECS Refining LLC, Envaris, SunPower Corporation, Reclaim PV Recycling Pty Ltd, First Solar, Recycle Solar Technologies Limited, and Total Green Recycling.  

By Transparency Market Research

Oman to Cut Carbon Emissions in 9 Years by 7%


Oman aims to lower greenhouse gases (GHG) to cut down carbon emissions. 4% of GHG reduction will be based on national efforts and 3% would necessitate grants and other forms of concessional financing and help with capacity building and institutional strengthening as per the Sultanate’s Second Nationally Determined Contribution (NDC).

According to the report by UNFCCC, “The proposed renewable energy projects, energy efficiency plans, and energy conservation initiatives would enable the Sultanate to slow GHG emission growth and reduce them by 7% in 2030.”

As per the report, by 2030, a GDP growth rate of 3% annually is predicted with a population of 6.3 Million at about 125.254 metric tonnes of carbon dioxide equivalent (MTCO2e)

Article 6 of the Paris Agreement is an additional mechanism for the Sultanate to achieve cost-efficient emission reductions, facilitate the transfer of carbon mitigation technology, and deliver significant sustainable development co-benefits.

“Such co-benefits would reduce air pollutants, generate jobs, and lay the ground for the just transition to a climate-resilient economy and society,” said the report.

The NDC is rooted in the Oman vision 2040 and the National Energy Strategy to support a gradual transition to a low carbon economy and an energy matrix significantly lower in carbon emissions.

The main pillars of the 2030 carbon control plan are the massive deployment of renewable energy and the deepening of energy efficiency actions in the Sultanate. By 2027, a target to derive 20% of electricity has been set by the National Energy Strategy from renewables.

Between 2021 to 2027, the plan to get renewable energy at least 2660 MW with 79% of solar PV and 21% of wind. 2021 end, the first large-scale solar PV project of Sultanate’s 500 MW will begin its operation.

The National Energy Strategy further enhances the gas-fired plant’s overall energy efficiency in conjunction with the clean energy plans. The energy efficiency of the gas-fired plants’ has improved by 13% between 2004 and 2015 (from 26% to 39%). Between 2015 and 2020, the improvement was even more significant at 15.63% from 39% to 55%.

As per the report, the continuous increase in overall energy efficiency was attributed to the older, less productive plants’ closure, technical advances in the gas-fired plants, and a switch to combined-cycle plants.

The gas-fired plants’ efficiency will continue to get better between 2021-2025 by about 11% (from 55% to 63%).

“The need for Oman to cope with climate threats is enormous, and the resources to address this are limited. Therefore, mobilizing climate finance from a variety of sources is a top priority of the NAP process that will be implemented over 2021-2024.”

The government entities accountable for executing and catalyzing public and private investments are the Authority for Public Services Regulation, the Ministry of Energy and Minerals, and the Oman Power and Water Procurement Company (OPWP) in the renewable energy plan.

SofarSolar Grid-Tied Integrated Inverter Helps Mountain Tunnel Lighting Project


With the rising energy costs for minerals such as oil and coal and the reduction of subsidies for the photovoltaic grid-tied systems, there is a strong need for uninterrupted and emergency power supply in mountains areas or base stations with no power grid, the grid-tied system has received much attention and interest. As the core equipment of the grid-tied system, SOFARSOLAR’s HYD series grid-tied integrated inverter becomes the priority solution of many application scenarios.

Longquan Dali Mountain Tunnel lighting project in Zhejiang Province, China has recently completed commissioning, generating electricity and lighting for tunnels. This project is owned by the local transportation department, choosing SOFARSOLAR HYD 5K~20KTL-3PH energy storage integrated inverters, and the battery section is equipped with 80 units 12V 75AH lead-acid battery. The system consists of photovoltaic modules, grid-tied inverter, lead-acid battery, holder and load, etc. Photovoltaic modules convert solar energy into electricity in the light, power the tunnel load through the grid-tied integrated inverter and charge the battery at the same time; when there is no light, the battery preferentially supplies power to the tunnel load and then add power grid, when the power grid fails, the emergency load is supplied by the battery to the integrated machine.

As the power generation system is not limited by the region, it is widely used and can be installed wherever there is sunlight, therefore, it is very suitable for remote areas without power grid, islands, fishing boats, outdoor breeding bases, etc. It can also be used as emergency generating equipment for frequent power outage areas. As the core equipment of the whole system—HYD20KTL grid-tied integrated inverter uses the core of the company’s storage inverter technology. All technologies have reached the industry-leading level.

HYD20KTL grid-tied integrated inverter has a milky white appearance, generous simple shape, round and full design and friendly LCD interface display, bringing a more convenient operation experience. It has an all-aluminum body, disposable die casting, round edges and corners. After being carefully polished, it presents a different surface texture, an elegant and generous craft to the touch. The internal components are selected from well-known brands in the industry to ensure the quality and life of the products. The internal circuit is designed scientifically and reasonably to reduce the internal loss, decentralized design with heat source layout, key energy adds heat conduction paste and other processes to improve heat dissipation performance. The machine has an IP65 protection level, the installed positions can be chosen freely.

SOFARSOLAR storage integrated inverter not only has the elegant and generous appearance, real material inside but also has many industries leading ‘dark technologies’, such as off-grid and grid-connected systems compatible with each other and can be switched flexibly, advanced battery management technology, bidirectional flow control of electrical energy, I/V curve scanning, independent MPPT tracking. In addition, it has off-grid overload sound and light alarm reminders, remote software upgrades and remote intelligent monitoring, etc. It can be combined well with photovoltaic off-grid systems, off-grid energy storage systems, photovoltaic grid-connected energy storage systems, micro-grid energy storage systems and other systems. It can be used in industrial and commercial intensive production areas. Photovoltaic self-use cannot spare access to the Internet, self-use electricity is much more expensive than on-grid electricity, the peak electricity price is much more expensive than the wave level electricity and other application markets. At present, it has been widely used in China, Germany, Australia, Italy, Holland and other countries.

Airport Energy Efficiency Project by RAC and ENGIE


Riyadh Airports Company (RAC) and ENGIE (global leader in low-carbon energy and services) have launched an Energy Efficiency project at King Khalid International Airport (KKIA) in Riyadh. RAC manages and operates KKIA.

The RAC project will assist in developing cost-effective, energy-saving measures with the diversification of clean energy sources. It will also help in reducing energy costs and demands while providing solutions for conservation for energy.

The project includes the private aviation terminals, support facilities, the Airport’s industrial zone, substations, airfields, and district cooling plants, water transfer, and treatment plants.

An energy consultancy and audit will be performed by ENGIE to identify and develop energy conservation measures that will lower the facility’s cost of operation and maintenance, energy use.

The project comes as part of the RAC efforts to enhance energy efficiency at KKIA as per the standards of the General Authority of Civil Aviation (GACA), the International Civil Aviation Organization (ICAO), the Saudi Electricity Company (SEC), and the Saudi Standards, Metrology and Quality Organization (SASO).

RAC’s CEO, Eng Mohammed bin Abdullah Al-Maghlouth, said, “Making our infrastructure more energy efficient is a significant milestone and a testament to the determination of our vision to transform KKIA into a world-class operation. We are partnering with a global low-carbon energy provider to achieve our vision and contribute positively to the environment and keep it safe for future generations.”

The energy efficiency audit includes improving energy efficiency on the supply and demand side, implementing cost efficiency measures through internal tariffs and billing structures, optimizing the distribution network, enhancing building energy management systems, pumping stations, and water networks.

ENGIE provides consultation services for billing management in order to recommend a model for cost recovery and define an optimal billing management approach based directly on system requirements. After that, the company will assess the optimal investment strategy for temporary clean energy generators as well as on-site renewable energy sources to complement grid supply in line with the Kingdom’s energy transition.

ENGIE will analyze and design reliable and scalable system architecture to monitor and report energy and water consumption to allow for flawless resource management from centralization. Centralization of energy management systems will let precise and consistent monitoring, more flawless resource management, enhanced data security.

Turki Al Shehri, The CEO of ENGIE in Saudi Arabia, said, “The Riyadh Airport project is key to enabling the Kingdom to house a sustainable and energy-efficient world-class international airport at the heart of Saudi Arabia. Our work ensures that the airport facilities are optimally designed and will provide long-term value to the hundreds of thousands of passengers that will enter the Kingdom as it continues to develop. ENGIE is honoured to be a long-term positive energy partner to Saudi Arabia and to ensure that our international expertise is utilized locally, adding tangible value to the Kingdom.”

Menlo Electric Becomes An Authorised FoxESS Partner


Menlo Electric has joined the group of official partners of FoxESS Polska. The decision is justified by the manufacturer’s very dynamic entry into the photovoltaic market. FoxESS is currently the most popular inverter brand in Poland. Since the beginning of its presence on the market, FoxESS has secured a strong position, becoming one of the key suppliers of inverters in the country.

“Working with Menlo Electric is our natural choice because of their focus on the best and most dynamic photovoltaic companies in Poland. Both FoxESS and Menlo Electric are driven by the same values – quality workmanship, good service and ongoing contact with installers and customers.

Thanks to our professional approach to customer service and extensive sales network, Menlo Electric is gaining more and more satisfied customers, achieving significant sales growth every month”, says Tomasz Walczyk, Poland Country Manager of FoxESS.
FoxESS offers customers additional benefits, such as the creation of the first loyalty program for photovoltaic installers in Poland, FOX TEAM.

“By launching the FOX TEAM loyalty program for photovoltaic installers, we want to recognise and reward the best PV installers in the market for their choice of quality FoxESS inverters and solid work.

By creating an elite group of Professional Installers, we support the best ones, with whom we will exchange experiences at the annual closed FOX TEAM meetings” – emphasises Tomasz Walczyk. “FOX TEAM gives us a guarantee that installers who introduce FoxESS inverters to their range will stay with them for longer. As standard, FoxESS offers the longest 12-year warranty on the market, and as part of the loyalty programme there is an opportunity to extend this period, which is a novelty on the photovoltaic market” – adds Marcin Ślęzak, Commercial Director of Menlo Electric.
Since January 2021, FoxESS has been supplying the Polish market with modern inverters, ready to be expanded with energy storage, which, in connection with the planned changes in the system of discounts, has led to increased interest in solutions supplied by the manufacturer.

“The Polish market has been heating up since 2018 due to prosumer support programs. FoxESS has established a Polish branch and a local service team to provide fast response and comprehensive service to Polish customers. The service and support activities for installers at different stages of the installation process is yielding the expected results, which confirms the right direction and expansion into the Polish market” – emphasizes Michael Zhu, CEO FoxESS China.

Menlo Electric focuses its activities on providing its customers with components of the highest quality. It achieves this by building long-term relationships with valued global manufacturers, with whom it cooperates in the Polish and European markets.

“FoxESS is a partner with whom we are expanding distribution not only in Poland, but also in European countries. Together we plan to sell 30 MW by the end of 2021” – informs Marta Walendzewicz, Member of the Management Board of Menlo Electric.

To meet such high expectations and ever-growing demand, FoxESS has opened a new factory located in Wenzhou, China, which on a total area of 110,000 m2 guarantees an impressive production capacity of 11 GW for inverters and 800 MWh for batteries. No other photovoltaic inverter distributor has such production facilities!

About Menlo Electric
Menlo Electric provides equipment and services to investors, installers and wholesalers in the renewable energy industry. The components available in the Menlo Electric offer come only from recognized manufacturers. The services offered by the company also include assistance in obtaining financing, design, installation, connection to the power grid and after-sales customer service.

About FoxESS
FoxESS Co., Ltd is a global manufacturer of photovoltaic inverters and a global tycoon of the Fortune 500, focused on providing the highest quality equipment for applications in the photovoltaic industry. Thanks to capital, production and technical support from the owner of Tsingshan Holding Group, the company FoxESS in a very short time became a leader in the production of devices for applications in the photovoltaic industry.

Europe’s Largest Energy Storage Project Comes Into Commercial Operation – Utilizing Sungrow Energy Storage System


Europe’s largest energy storage project, the 100MW/100MWh Minety plant with Sungrow’s 1500V energy storage system solutions has been successfully grid-connected, designed for facilitating grid stability and maximizing the utilization of renewable energy.

100MW/100MWh energy storage plant in Minety, the UK
100MW/100MWh energy storage plant in Minety, the UK

The UK experienced the most debilitating blackout in nearly a decade in August 2019. The incident exposed the serious lack of frequency regulation of the national grid and demonstrated that the construction of energy storage projects that can regulate the frequency of the grid in a timely fashion should be prioritized. The Minety project, which began at the end of 2019, considerably mitigates the problem.

Sungrow supplied both NCM and LFP battery energy storage system solutions featuring high integration, which minimize the footprint, slash the commissioning duration and significantly reduce the system cost by 5%. The solution well meets the latest UK frequency regulation requirement called dynamic containment – requesting the plant to respond to the power instruction of the grid within 1 second, making the project one of the rare 30% of the UK’s storage plants equipped with this function.

“We are proud of being part of this landmark project, offering solutions with extreme efficiency and safety while in compliance with the stringent UK grid codes,” said James Wu, Vice President of Sungrow.

With a 24-year proven track record, Sungrow keeps unparalleled performance and shipped more than 800MWh of energy storage systems in 2020.

About Sungrow

Sungrow Power Supply Co., Ltd (“Sungrow”) is the world’s most bankable inverter brand with over 182 GW installed worldwide as of June 2021. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 24-year track record in the PV space, Sungrow products power installations in over 150 countries.

LYS Energy To Install Rooftop Solar for Footwear Manufacturing in Vietnam


LYS Energy Group (LYS) completed the solar photovoltaic (PV) system atop the facility of the leading organization in the footwear manufacturing industry located in Long An province in Vietnam.

The solar PV system installations encompass five metal roofs forming a total size of 2,958.56 kWp. The solar power plant will generate 75.68 GWh of total energy.

Together with LYS Energy Group, the reputable manufacturer has agreed on a Power Purchase Agreement (PPA) whereby LYS will provide an all-inclusive solution that includes financing, design, installation, operation, and maintenance of the rooftop solar PV system for 20 years.

LYS Energy has selected Talesun Bistar TP6F72M 410Wp PV module made of 144 half-cut Mono-PERC cells with 9 busbars. PV module innovations reduce PV module’s series resistance losses, provide better shading tolerance, and increase reliability which enhances power generation.

The Group always selects top-notch components combined with high quality of service to provide our customers with the best solar energy experience.

Green Hydrogen Project by TAQA and Emirates Steel


TAQA (Abu Dhabi National Energy Company PJSC) is one of the biggest listed integrated utilities in the Middle East.

TAQA CEO and Managing Director, Jasim Husain Thabet, and CEO of Emirates Steel, Engineer Saeed Ghumran Al Remeithi signed a Memorandum of Understanding (MoU) for developing a large-scale green hydrogen project enabling the first green steel produced in the MENA region.

The green hydrogen will help in low carbon steel manufacturing, saving energy while creating a sustainable and clean manufacturing process as well as for the transportation sector. This project also lays the foundation for growth and expansion to cater the international demand.

Jasim Husain Thabet, said, “TAQA is setting out to become a recognized champion of low carbon power and water, and this partnership with Emirates Steel leverages our combined expertise to lower the overall cost of production as well as reducing carbon emissions.”

“Finding commercially viable industrial-scale solutions like this is key to unlocking the potential of green hydrogen as an emerging clean energy source. TAQA is uniquely well-placed in this region to combine our world-leading solar PV, water, and energy know-how to unlock opportunities that work for our stakeholders,” he added. 

Engineer Saeed Ghumran Al Remeithi said, “This was a new chapter in the company’s journey towards placing sustainability and industrial innovation at the core of its technical and operational activities. The production of green steel through a sustainable and clean manufacturing process based on green hydrogen supports Emirates Steel’s efforts to preserve the environment and its natural resources. This project will be added to our track record of sustainable achievements, including our carbon-capturing project in partnership with the Al Reyadah Carbon Capture, Utilization & Storage Facility.”

“Emirates Steel is a member of the world steel Climate Action Program, highlighting that the company is the first steel manufacturer in the region and one of the first 50 companies in the world to be verified for LEED documentation. Moreover, Emirates Steel’s products conform with local and global green buildings rating systems,” he further added.

TAQA’s 2030 strategy for growth comprises of increasing gross power capacity from 18 GW to 30 GW in the Middle East and up to 15 GW globally and green hydrogen is a valuable part of it.

By 2030, solar PV will be more than 30% capacity of the generation portfolio in renewable energy.

Malakoff Signs Six New Rooftop Solar Projects With DRB-HICOM Group


Malakoff Radiance Sdn Bhd (“Malakoff Radiance”), a subsidiary of Malakoff Corporation Berhad (“Malakoff”), has completed the signing of six Solar Power Purchase Agreements (“SPPAs”) for the development of rooftop solar energy systems with companies under
the DRB-HICOM Group today. The companies, namely CTRM Aero Composites Sdn Bhd, HICOM Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu HICOM (M) Sdn Bhd, HICOM Teck-See Manufacturing Sdn Bhd, HICOM Berhad and Motosikal dan Enjin Nasional Sdn Bhd are manufacturing and engineering arms of the DRB-HICOM Group.

The solar facilities will be installed under a Build-Own-Operate-Transfer (“BOOT”) contract as part of a 25-year SPPA. Upon completion, these facilities are expected to generate 18,836 MWh of clean electricity per annum. These will collectively neutralise about 13,072 tonnes of carbon emissions per year from the manufacturing industry.

Company Capacity
CTRM Aero Composites Sdn Bhd – 5,152 kWp
HICOM Automotive Manufacturers (Malaysia) Sdn Bhd – 2,000 kWp
Isuzu HICOM (M) Sdn Bhd – 2,000 kWp
HICOM-Teck See Manufacturing Sdn Bhd – 2,000 kWp
HICOM Berhad 1,004 kWp
Motosikal dan Enjin Nasional Sdn Bhd – 1,249 kWp

Malakoff’s Managing Director/Chief Executive Officer Anwar Syahrin Abdul Ajib said this demonstrates Malakoff’s commitment to expand its Renewable Energy (“RE”) generation portfolio. He is confident that Malakoff is on the right track to capture new growth opportunities in the RE sector as this project is yet another milestone in the Group’s expansion in the rooftop solar segment.

“We have the capacity and capability to further embark on collaboration and ventures with any business entity for rooftop solar systems. I am optimistic about the growth in the rooftop solar segment that we are experiencing now given the drive by many businesses to tackle the global issue on climate change. As a leading player in the power and waste management sector, our clients and partners trust our ability to help them achieve their agenda on tackling carbon emissions.”

“We look forward to achieving our long-term goal of being a sustainable clean energy solutions provider while giving value-added services to our clients in realising cost savings and enhancing efficiency in their operations. More importantly, this is a great opportunity for all parties to contribute towards the country’s transition to a clean energy future. Malakoff itself is undertaking a transformation towards decarbonisation by 2050.

These are the types of projects that will provide building blocks to enable us to achieve carbon neutrality and eventually net-zero carbon emissions by 2050,” added Anwar.
Malakoff’s quest for RE expansion is in line with the Malaysian government’s aim of meeting the RE capacity mix target of 31% by 2025. Malakoff had recently secured other rooftop solar projects with the country’s largest mall operator, AEON Co. (M) Bhd and renowned logistics industry players such as Northport (Malaysia) Bhd, Johor Port Berhad and Pos Malaysia Berhad. All these projects combined, with a total capacity of 25,444 kWp, will generate 33,243 MWh per annum and neutralise 23,070 tonnes of carbon emissions per year.

These projects are part of Malakoff’s transformation agenda which are aligned with the United Nations 17 Sustainability Development Goals as the company embarks on its quest to contribute towards a sustainable world. Apart from rooftop solar, Malakoff aims to expand into other RE generating capacities such as mini-hydro, waste-to-energy (“WTE”) and biogas power plants in Malaysia.

GoodWe Inverters Are At Peak Performance In The Solar City of India


The Saurashtra region of Gujarat, India is a naturally blessed location with a strategic geographical advantage of abundant sunshine throughout the year, which makes the region a natural solar hotspot. Due to this unique advantage, India ranks first in average sunlight among the top 20 economies.

The projects are owned by Microtech Rollers Pvt. Ltd., an ISO/TS 16949:2009 certified company founded in 1994, manufacturer of forged and machined bearing races. They installed a bearing forging line and started production in 1994. As a responsible corporate entity, the company intends to transition its production line towards renewables and lower its carbon footprint.

Seizing Saurashtra’s potentials, Microtech Rollers Pvt Ltd installed many solar projects in and around the region:

  • 3MW in Toda
  • 3.5 MW in Toda
  • 2.8 MW in Fagas
  • 4MW in Khirasar
  • 1.7MW in Lakhatar

The total 15MW solar projects are great alternative energy resources in Saurashtra since solar is a cleaner and more economical source than conventional ones. 136 GoodWe MT80KW inverters were chosen for this landmark set up and they are currently generating electricity of 27GW/ year.

4 MPPT and 150% DC oversizing make the GoodWe MT series the ideal choice for medium to large-scale commercial roofs and farm plants. The MT series is able to operate in full load even at 50 degrees which maximizes the ROI for the investor. The range boasts advanced topology and innovative control technology to achieve maximum efficiency of 99.0%, aimed at maximising long-term returns and profitability for the system owner.

Mr. Harsh Bhanvadia from Microtech Rollers Pvt Ltd. said “We purchased 136 inverters from GoodWe and installed at our various sites in Saurashtra region, we have our best site at Khirasara which is 4 megawatts of single-axis solar trackers in which our GoodWe inverters are performing at its peak performance for 6 hours daily. So, we are extremely satisfied with the power output of GoodWe inverters and the monitoring system which GoodWe provides with their inverters is also very good.”

GoodWe provides professional service & top-quality raw materials which ensures generation and operation efficiency even in harsh weather. As a global leader and India’s number 1 supplier for solar inverters, GoodWe also provides technical advancements & innovations along with world-class services to become the best choice for your solar systems.

About GoodWe

GoodWe is a world-leading PV inverter and energy storage solutions manufacturer and is listed as a public limited company on the Shanghai Stock Exchange.

With an accumulative delivery of more than two million inverters and installation of 23GW in more than 100 countries and regions, GoodWe was ranked as the Global No.1 storage inverter by Wood Mackenzie in 2020. GoodWe has also ranked as one of the Top 10 inverter suppliers by IHS Markit and has achieved six consecutive TÜV Rheinland “All Quality Matters” Awards. The great reputation of the MT-Series is spreading across continents and the pace of our global deployments is expanding rapidly.

Kajaria Ceramics To Invest in SPV for Solar Power Captive Consumption


Kajaria Ceramics Ltd. has announced to invest Rs. 264 Lakhs in an Special Purpose Vehicle (SPV) for solar power captive consumption.

The Board of Directors of the company have accorded its in-principle approval for making investment upto Rs. 264 Lacs in the equity shares of SPV to be formed by CleanMax Enviro Energy Solutions Private Limited for solar power captive consumption under the group captive model envisaged under the Electricity Act, 2003.

CleanMax Enviro Energy Solutions Private Ltd. is a renewables & environment company based out of Mumbai, Maharashtra and claims to cross 200+ MWp in Rooftop solar plants, it has also received ISO 45001 Certification and commissioned the first Wind Farm at Hoshahalli, Karnatak.

The proposed investment in the SPV is to be made as a part of the proposed transaction for generation and supply of power to the Company’s Sikanderabad (U.P.) plant and the Company, being captive user, will. have to it’}vest in equity shares of the SPV upto Rs. 264 Lacs. No entity shall be acquired_ through· the proposed
transaction. The SPV will be engaged in the business of renewable energy.

The Objective of this investment is to reduce the power cost of Sikanderabad (U.P.) plant, by way of shifting towards the solar power energy which is cost effective and environment friendly.

In Q2 2021, the Middle East and Africa’s Power Industry Rise up to 15%


As per GlobalData’s power database, in Q2 2021, the Middle East and Africa’s power industry saw a rise of 15% and saw 106 new contracts. The average number of contracts announced was 92 in the past one year.

In Q2 2021, Saudi Arabia had 24 contracts with 22.6%, down by 4.3% from the previous quarter and up by 85% from the last four-quarter average. UAE had a share of 10.4% with 11 contracts followed by Iran with 9 contracts and a share of 8.5%.

In the last four-quarter, Saudi Arabia was at the top with 13 contracts, UAE and Egypt with 7 contracts (on an average).

Solar with the largest proportion accounted for 60.9% share with 42 contracts.

According to GlobalData, the Middle East and Africa region had 30 contracts with the T&D Project being the most popular segment. This was followed by Power Plant with 28 and Generation Equipment with 23 in Q2 2021.

Project Implementation with 39 contracts and a 36.8% share, followed by Supply & Erection with 25 contracts and a 23.6% share were the proportion of contracts by category in the quarter. The list is followed by Consulting & Similar Services with 20 contracts and 18.9% share, Power Purchase Agreement with 14 contracts and a 13.2% share, and Repair, Maintenance, Upgrade & Others with 8 contracts and a 7.5% share.

In Q2 2021, Saudi Power Procurement with 2,970MW from 7 contracts was the leading issuers of contracts in power capacity, followed by the Ministry of Electricity, Iraq with 2,000MW from 1 contract and ACWA Power International (Saudi Arabia) and The Saudi Public Investment Fund with 1,500MW capacity from 1 contract each.

The top contract winner in Q2 2021 by capacity in the Middle East and Africa region were Abu Dhabi Future Energy (United Arab Emirates) with 2,600MW from 3 contracts, followed by ACWA Power International with 2,500MW from 4 contracts and Larsen & Toubro (India) with 1,800MW capacity from 2 contracts.

Solarvest Secured A RM66 Million Contract, From Grooveland To Develop A Large-Scale Solar PV Plant in Mukim Bota, Perak.


Solar photovoltaic (“PV”) system specialist, Solarvest Holdings Berhad(“Solarvest” or “the Group”) has today secured a RM66 million contract, its third win in one month, from Grooveland Sdn. Bhd. (“Grooveland”) to develop a large-scale solar PV (“LSSPV”) plant in Mukim Bota, Perak.

The Group will undertake the main engineering, procurement, construction, and commission (“EPCC”) works for the 17.36-megawatt (“MW”) solar farm. With the latest contract, Solarvest’s new EPCC orders secured from the LSS@Mentari program grew to approximately RM196 million, boosting its total unbilled order book to a record-breaking high of RM400 million.

Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are pleased to be growing on several verticals and continue to benefit from national programs such as LSS@Mentari and NEM 3.0. While our delivery timeline has been pushed back due to the lockdown measures, project orders remain very active from both the LSSPV, and Commercial and Industrial segments. The demand for solar continues to be resilient and is on an upward trajectory albeit the challenging operating landscape.”

“The investment flow towards solar projects is growing rapidly as more non-renewable energy industry players, such as oil and gas majors, are channelling their expansion spending to this high growth sector. The push for circular economy and green value chain is also driving local industrial players to shift to renewable energy. In addition to that, Malaysia’s solar industry is also gaining traction from foreign investors as Southeast Asia is becoming the next key growth region.”

“The outlook for Solarvest beyond Malaysia is similarly bright and positive. Our ventures into overseas markets such as Taiwan and the Philippines are expected to kick into high gear with tender results expected to be announced in the near future. Around 30% of our approximate 1,000 MW tender book comes from the two countries. Once revenue from Taiwan and the Philippines start flowing in, we are expecting an elevated level of growth for the Group,” Mr. Davis concluded.   

About Solarvest Holdings Berhad

Solarvest specialises in turnkey engineering, procurement, construction and commissioning (“EPCC”) services for solar photovoltaic (“Solar PV”) systems. The Group also provides operations and maintenance services of solar PV systems. It has an established track record, having completed solar PV systems for Large Scale Solar Photovoltaic (“LSSPV”) plants as well as residential, commercial and industrial properties.

MPUVNL Invites Bids for 225 MW of Solar Projects Under PM Kusum Scheme


Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) tenders for 225 MW grid-connected solar plants development in MP under PM Kusum Scheme.

MPUVNL has invited bids from developers for the development of approximately 225 MW (AC) grid-connected solar power plants connected to selected 33/11 kV substations.

Scope of Work Includes design, engineering, supply, installation, testing, and commissioning, including the construction of switchgear and bays at a substation as well as comprehensive operation and maintenance for 25 years.

Project sizes are 500 kW to 2 MW, with a maximum of 5 MW per bay at each substation.

The deadline for submitting bids is August 31. A pre-bid meeting has been scheduled on 8 August 2021.

Opening of technical and financial bids are on 3rd and 8th of September respectively.

From the effective date of the PPA, the selected bidder needs to complete the commissioning of the project within nine months.

There is a nonrefundable bid processing fee of 5,000 rupees for interested bidders. Performance Bank Guarantees (PBGs) of Rs.5 lakh/MW for 12 months are required of successful bidders. Upon successful commissioning of the solar power plant, the power producer will receive the PBG after reimbursing any penalties associated with the delay.

ReNew Power, RackBank Sign MoU to Support India’s First Hyper-Scale Data Center


ReNew Power announced the signing of a MoU with RackBank Datacenters Limited to provide power with 100% renewable energy.

Under the MoU, ReNew will construct, co-own, and run a 500 MW of hybrid power generation facility especially to supply power to RackBank’s data center. RackBank would certainly acquire green power produced from this center straight from ReNew, via the “Open Access” system.

Rackbank data center is set up in a vast expanse of 35000 sq. ft. with a capacity of 800 racks and growing. The company projects that it would have 500 MW of IT infrastructure capacity in the next five years. This unique project would serve as a future-secured platform for data-driven companies to thrive in a 100 % clean energy facility with zero carbon footprints.

Speaking about the collaboration, Sumant Sinha, Founder, Chairman, and CEO of ReNew Power, said, “The MoU between ReNew Green Solutions and RackBank reflects the commitment that responsible corporates are showing to shift towards cleaner energy sources to power their businesses. ReNew Power has been a pioneer in the renewable energy space and it has always been our endeavour to support firms looking to reduce their carbon footprint. We congratulate RackBank for embarking on this journey and look forward to our partnership for this potential 500 MW opportunity.”

Mr Narendra Sen, CEO of RackBank Datacenters Limited commenting on the MoU, said “We are proud to build India’s first green data center and are excited to partner with ReNew Power for clean power procurement. This initiative is one of the major check posts for RackBank’s vision of a sustainable future, along with the several other green initiatives previously taken by our company. RackBank Hyperscale platform will enable 100% clean energy for our data center and through this partnership, we should be able to reduce our power cost by 30% compared to power consumption directly from the grid.”

Juwi Started Construction of The Solar Park, A Largest Project of Their Portfolio


juwi Shizen Energy Inc. has received an order for EPC (engineering, procurement, construction) project for “Pacifico Energy Sanda Mega solar”, a 121MW (DC) solar park in Hyogo Prefecture by Pacifico Energy K.K. The start of construction is in August this year, and the power plant is scheduled to go into operation in December 2023. It is the largest project that juwi Shizen Energy has received to date. This power plant will be constructed on a site of the former golf course in Sanda City, Hyogo Prefecture. The annual output is expected to be about 143 million kilowatt-hours.

juwi Shizen Energy was established in 2013 as a joint venture between juwi AG, a company headquartered in Germany that is involved in development and EPC for renewable energy around the world, and Shizen Energy Inc. (“Shizen Energy”), activities of which include the development and the securing of funding for renewable energy power plants. juwi Shizen Energy also takes orders for EPC-only construction projects, as well as being involved in Shizen Energy’s development projects. The company has completed EPC projects with a total output of over 315 megawatts. Moreover, juwi Shizen Energy is currently having 426 megawatts of peak output under construction in Japan, including one of the largest solar power projects “Azuma Kofuji 1 Solar Power Plant” (100MW(DC)).

juwi Shizen Energy will continue to leverage the knowledge and experience it has accumulated through its global operations and aim to contribute to the increased use of renewable energy and the construction of a sustainable society both in Japan and overseas by providing EPC solutions that meet the needs of the local areas in which power plants are constructed.

About Pacifico Energy
Pacifico Energy, headquartered in Tokyo, Japan, is a privately held utility-scale renewable energy developer founded in 2012 upon the introduction of the Japanese Renewable Energy Act. Since its establishment, Pacifico has developed 15 mega solar power projects totaling 1.3 GW.

About juwi Shizen Energy Inc
juwi Shizen Energy is an international joint venture established in January 2013 by Shizen Energy Inc. and juwi AG – a German company that is a world leader in wind power, photovoltaic development, and EPC (engineering, procurement and construction). As of 1st July 2021, juwi Shizen Energy has completed EPC projects for photovoltaic power plants with a combined output of 315 MW, including Extra-high voltage Solar Projects, around Japan.

Construction Begins of the Floating Solar Plant in Masdar


Masdar is one of the leading companies for renewable energy. In recent news, Masdar and PT PJBI (subsidiary of Indonesia’s state-owned electricity company PT PLN) has now started its construction work on the Cirata Floating Photovoltaic Power Plant project. This is Indonesia’s first floating solar power plant.

The plant will start its operation in Q4 2020. The capacity of this plant is 145-megawatt (ac). This plant will be largest in the Southeast Asia and one of the biggest across the world. It is built on the Cirata reservoir in the West Java Province. The plant will power 50,000 homes and will add nearly 800 jobs.

HE Bahlil Lahadalia, The Minister of Investment for the Republic of Indonesia and chairman of the Indonesia Investment Coordinating Board, said, “The Ministry of Investment fully supports the investment realization of the Cirata Floating Solar Project by PT. PJBI and Masdar. This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian Government’s target renewable energy mix of 23 percent by 2025. This project represents the UAE’s first investment in Indonesia’s renewable energy sector, and we look forward to further collaboration between our countries, as we leverage our natural resources to build a more sustainable future.”

“Reaching this historic milestone demonstrates the strength of the relationship between Indonesia and the United Arab Emirates. The UAE is committed to promoting and investing in clean energy projects around the world, and to taking positive action on climate change. We stand together with Indonesia on driving sustainable development and we will continue to support the nation’s clean energy transition,” said, HE Abdulla Salem Al Dhaheri, The Ambassador of the United Arab Emirates to the Republic of Indonesia and the ASEAN region.

The CEO of Masdar, Mohamed Jameel Al Ramahi, said, “This achievement would not have been possible without the constant support of the Government of Indonesia, our lenders, and our strategic partnership with PJBI and PT PLN, who have been with us on every step of our journey. The designation of this project as a National Strategic Project (PSN) has been invaluable in enabling us to make such significant progress and demonstrates that the Government recognizes the economic and social benefits the Cirata project will bring to the local community and to all of Indonesia.”

“This floating power project is a first for Indonesia and is also a significant step in PJBI’s renewable energy journey. We see tremendous potential for similar projects in Indonesia and we look forward to continuing our fruitful collaboration with Masdar to work on more renewable energy projects and help our nation achieve its clean energy objectives,” added The president director of PJBI, Amir Faisal.

By 2025, Indonesia is targeting 23% of its energy mix coming from renewable energy under its Electricity Infrastructure Acceleration Programme.

Also, The Indonesian government recently announced to raise the proportion of renewable power to 48% in the 2021-2030 national electricity plan, from 30% as per its previous plan.

Biggest Solar Plant by Masdar in Armenia


Armenia is expanding its renewable energy capacity with a new plan to build two new solar power plants.

Masdar and Armenian government finalized an agreement to build solar power plant by 2025 in Armenia. Ayg-1 is a 200 MW plant which will become Armenia’s largest solar plant. The plant will have around half of the current capacity of Armenia’s main energy generator.

As per the government, Masdar initiated the project and later government announced an international tender for a large-scale solar power plant in 2019.

Masdar was given the opportunity to beat the lowest tariff proposed by any other company. Masdar originally bidded $0.0299 per kWh (which government turned it down as it was too high), and Masdar then offered the bid for $0.0290 per kWh.

The plant will be built at Aragatsotn province of central Armenia over 500 hectares. 85% of the plant will be owned by Masdar and remaining 15% will be held by Armenian National Interest Fund (ANIF).

ANIF CEO, David Papazian, said, “Masdar is expected to invest $174 million in the project. It is by far the largest single foreign investment in green energy in the region and the second largest foreign direct investment in the history of modern Armenia. The electricity produced at the plant will be cheaper than that of the Metsamor nuclear power plant․”

Masdar is a subsidiary of Mubadala Investment Company, which is UAE’s sovereign wealth fund. In 2020, Masdar signed a contract to build a 200 MW solar plant in southern Azerbaijan.

Armenia highly relies on natural gas and nuclear fuel imports from Russia as it does not have any fossil fuel reserves. From the past one decade, the country has started seeing the relevance and potential of solar energy as the prices was dropping.

In 2016, changes in laws related to renewable energy allowed households with solar panels of 150 kWh or less to sell the excess energy to the national grid. Many companies also were offered tax cuts if they used solar power. In 2017, solar energy production was 0.4 million kWh and in 2020, it grew to 56.5 million kilowatt-hours.

Capcora Finances A Solar PV Project of A International Client


Capcora arranged a 16.5 years term loan facility in the amount of EUR 12m for one of its international clients. The loan represents the first tranche of a wider framework arrangement and is dedicated to finance a sub-portfolio of ten PPA-backed solar PV projects with 33.5 MWp being a part of an 84 MWp cluster developed by Capcora’s client on the Spanish islands. Capcora acted as an exclusive financial advisor throughout
the whole transaction.

The initial tranche includes ten photovoltaic projects in a size between 2.20 and 4.20 MWp. The entire portfolio consists of 23 solar systems located on the islands of Mallorca and Ibiza. The energy generated was sold under a 10-year framework PPA which was concluded in December 2020 with Spanish renewable power retailer Holaluz Clidom SA.

The non-recourse financing was granted by a German commercial Bank. The loan was structured on the level of a Spanish holding company and includes a commercial and KfW tranche. It has a term until December 2037 and therefore considers a significant merchant tail.

“We are proud to have supported our client on this transaction with strategical significance. A dual-level financial structure in conjunction with KfW funding and a PPA price mechanism created for multiple projects with different COD dates significantly increased the complexity of the process, modeling and documentation.“, explains Alexander Enrique Kuhn, Managing Partner at Capcora.

The lender was advised by Simmons&Simmons as legal advisor and SOLpeg as technical advisor. Capcora acted as sole financial and model advisor.

About Capcora:

Capcora is a consulting firm, specializes in real assets. Capcora procures equity, mezzanine and debt financing for energy and infrastructure projects, real estate, and medium-sized companies. The focus is especially on the mezzanine financing for the recapitalization of tied-up liquidity in operating assets as well as for bridge financing of developments and construction measures in the area of renewable energies (photovoltaics, onshore wind) and real estate through alternative financing sources. In addition, Capcora acts as transaction manager for M&A processes (buy and sell-side advisory).