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Redflow Raise Au $18.1 million to grow storage sales

The Brisbane-based company is raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders. Redflow Chairman Brett Johnson said Redflow had made significant progress in the past six months. “We’ve opened our new wholly-owned manufacturing facility in Thailand which is making quality battery stacks,” he said. “We now have th ...

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Solar Roof Tops Philippines

Rooftop solar power systems will account for at least one-third of all solar installations in the Philippines by 2030 as the popularity of this renewable energy platform continues to rev up, according to Market Insights Reports. The North Carolina-based American firm said in a report that within the next 12 years, total solar power generation capacity in the country was expected to reach 8,700 megawatts (MW ...

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South East Asia’s Largest Solar/Microgrid?

Solar Philippines has completed the largest solar-battery micro-grid in Southeast Asia, the company said on Monday. The  micro-grid was built in Paluan, Occidental Mindoro. With 2 megawatts (MW) of solar panels, 2 megawatt hours (MWh) of batteries, and 2 MW of diesel backup, the micro-grid “is designed to supply reliable power 24 hours a day, 365 days a year, at 50 percent less than the full cost of the loc ...

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Australia May Become Leading Energy Exporter

Australia may become major Asia-Pacific energy provider and supply the energy needed for growing local economies, according to the International Energy Agency (IEA). The document states that the country, together with the United States, will be among the leading countries exporting liquid gas. The country is a major coal exporter, but it is also making efforts to meet its long-term climate targets. These in ...

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China’s Solar Boom Drives Clean Energy Investment

The solar boom in China played a major part in the global clean energy investment surge in 2017 which reached its second-highest ever figure at $333.5 billion, according to a recent report. The report shows that Chinese spending on clean energy in 2017 increased by 24 per cent from the previous year to $132.6 billion, setting a new all-time record. Most of the investment, around $86.5 billion, was spent on ...

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$250 Bn USD for Asia Solar Projects

Asia-Pacific countries to invest up to US$250b in solar and wind projects This is due to the increasing threat of climate change. PwC reported that major Asia-Pacific countries may invest up to US$250b in utility-scale solar and wind projects by 2025. According to PwC, climate change has driven an increase in renewable energy (RE) investments among Asia-Pacific countries, with a total amount of US$114.8b RE ...

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Large-scale Solar PV – 73% fall in LCOE since 2010!

Large-scale solar PV is leading the charge as all renewable sources of electricity race towards competitiveness with conventional generation, a milestone that IRENA says is set to be reached by 2020. Noting that the levelized cost of electricity (LCOE) from utility scale solar has fallen by 73% since 2010, IRENA forecasts that cost to half again by 2020. The impressive numbers were delivered as a part of IR ...

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UK Development Financier Launches Ayana Renewable Power

CDC, the UK government’s development finance institution, has launched a new independent solar and wind generation company to focus on India and neighbouring South Asian nations. Ayana Renewable Power, entirely funded by CDC, will develop “hundreds of megawatts” of generational capacity with a focus on what it named “underserved” Indian states as well as the neighbouring countries of Bangladesh, Nepal, Myan ...

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Astroenergy to Supply 80MW Solar Modules for Brazilian Project

Chint Solar/Astronergy signed an 80MW PV module supply contract with Atlas Renewable Energy, which is developing an 80MW solar power plant located in Aquiraz, Ceará, Brazil. The project, Sol do Futuro, is scheduled to be delivered by the second quarter of 2018. Brazil has abundant and regular sunlight, and has been developing the solar industry rapidly in recent years. The Brazilgovernment plans to increase ...

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Sunseap & Jiangsu Linyang Sign MOU

Sustainable energy provider Sunseap Group has signed a memorandum of understanding (MOU) with China-based Jiangsu Linyang Energy Co to develop renewable energy and energy efficiency management solutions. The two companies plan to explore collaborations on solar photovoltaic projects both as a potential supplier of solar panels as well as potential co-investor. They also "propose to work jointly on projects ...

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