Leading US rental car provider Hertz Corporation recently ordered 100,000 cars from Tesla for a grand total of US$4.2 billion. The more noteworthy news, however, is that both companies’ stock prices shot through the roof in lockstep. ... more
News
Solar Frontier Will Wind Down Its PV Module Manufacturing Business |
| published: 2021-10-29 9:30 |
Major Japanese petroleum refiner Idemitsu announced on October 12 that its PV product manufacturing subsidiary Solar Frontier will begin winding down the operation of its production base in Miyazaki Prefecture. ... more
EPC Subsidiary of POWERCHINA Completes Uzbekistan’s First Utility-Scale PV Project |
| published: 2021-10-29 9:30 |
Uzbekistan’s first utility-scale PV power plant was formally connected to the grid this early September, according to reports from various energy news websites. ... more
Harmony Energy Income Trust Prepares for IPO and Aims to Raise Capital for 213.5MW of Energy Storage Projects |
| published: 2021-10-28 9:30 |
Harmony Energy Income Trust (HEIT), which is the investment arm of British energy storage developer Harmony Energy, announced on October 11 that it will be publishing a prospectus for IPO on the Specialist Fund Segment of the Main Market of the London Stock Exchange. ... more
Hertz to Utilize the Purchase of 50K Units Tesla Models for Uber |
| published: 2021-10-28 9:30 |
It has been less than three days since Hertz announced its purchase of 100K Tesla models, and we now know that half of the purchase will go to Uber. ... more
Horad Secures Equipment Contract for a 5GW Manufacturing Base for TOPCon Products in Shanxi |
| published: 2021-10-27 13:25 |
Local Chinese news outlets reported on October 20 that Shanxi Huachu Photoelectric and Suzhou Horad New Energy Equipment have entered into an agreement to jointly develop a 5GW smart turnkey PV module manufacturing project. The agreement was signed by Huachu chairman Yan Chunming and Xie Leilei, director of Horad’s global marketing center. Yan is also the director of the new energy business unit at Huayang New Material Technology and the CEO of Shanxi Xinyang Clean Energy. ... more
Reliance Industries to Acquire REC Group for US$771 Million |
| published: 2021-10-27 9:30 |
Indian industrial conglomerate Reliance Industries Ltd. (RIL) announced on October 10 that it will be acquiring REC Group from China National Bluestar for US$771 million. The acquisition will proceed through Reliance New Energy Solar (RNES), a subsidiary of the conglomerate. The deal represents a significant step forward in RIL’s plan to become a major player in the PV industry and make India an exporter of PV products. ... more
Japan to Endure Harshest Power Supply in Winter Over 10 Years with Merely 3% of Reserve Capacity in 7 Regions |
| published: 2021-10-27 9:30 |
Will there be an energy crisis in Japan during winter time this year? The Ministry of Economy, Trade and Industry estimates the power supply for winter this year to be the harshest in 10 years as 7 regions are expected to have a reserve capacity of merely 3%. ... more
Volvo to Produce its First “Green Steel” Truck in Small Batches during 2022 |
| published: 2021-10-26 9:30 |
Renowned Swedish auto manufacturer AB Volvo has released its first vehicle made with “green steel” that contains no fossil fuel, and now the company will be releasing more green concept-driven models in 2022. ... more
GE Completes Prototype for Largest 14MW Offshore Wind Turbine Estimated at an Annual Power Generation of 74GWh |
| published: 2021-10-26 9:30 |
Three years have passed since GE Renewable Energy announced its largest offshore wind turbine Haliade-X, and now the prototype of GE’s latest and most powerful 14MW wind turbine has started to operate in Rotterdam of the Netherlands. ... more
