News

Envision AESC Will Build a New Gigafactory in Spain

published: 2022-06-23 9:30
Chinese battery manufacturer Envision AESC announced a new overseas project on June 3. Specifically, the company will build a new gigafactory in Spain. Named VENERGY+, the new gigafactory will be located in in the municipality of Navalmoral de la Mata, which is a part of the Spanish province Cáceres. With a production capacity of 30GWh per year, the new gigafactory is scheduled to enter operation in 2025. ...  more

Pakistan to Waive 17% GST on PV Modules

published: 2022-06-22 9:30
Pakistani news outlets reported on May 20 that their government has decided to remove the 17% general sales tax (GST) on PV modules (or solar panels). Prime Minister Shehbaz Sharif personally made the announcement at a meeting with the country’s leaders of industries and businesses. He said eliminating this tax, which was imposed by the previous government, was the “only way forward” as the country faces a sharp increase in the costs of importing energy. ...  more

Solterra Obtains USD 10 Million from Leyline for Development of 1GW of PV Projects

published: 2022-06-21 9:30
US-based Leyline Renewable Capital announced on June 16 that it has established a partnership with Solterra Energy. According to the official press release about this event, Leyline will provide USD 10 million to Solterra. The latter will use the capital for early-stage growth and the development of up to 1GW of DG and utility-scale PV projects in the eastern part of the US. ...  more