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Momentum Solar

SMA Solar Profits From The Sun, Order Book At €2 billion On September 30

German Solar Inverter Major SMA Solar is riding the solar wave well, with sales at record highs. For the quarter ended September 2023, the firm reported a strong financials for all business segments in 9M/2023 with close to 85% YoY increase in consolidated sales. PV Inverter sales during the year crossed 12.89 GW of PV inverter […]

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Solar Inverter Firm Growatt Pins Hopes On its MAX Series To Boost Growth

Over the past decade, solar inverter firm Growatt has maintained its strong presence and growth in the Indian solar market. The employment of advanced technology along with localized strategy has made it possible for the Growatt inverters to mark presence in India. India’s installed solar capacity has grown significantly from 1.2 GW in 2012 to […]

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India Agrivoltaics Alliance Launched To Aid Growth Of Solar With Farming

The India Agrivoltaics Alliance (IAA) was launched, during the first India Agrivoltaics Summit held on October 30, by the Joint Secretary of Ministry of New and Renewable Energy (MNRE) Lalit Bohra. Supported by the India Climate Collaborative (ICC) and Bloomberg Philanthropies, IAA brings together organisations across the entire agriculture and solar value chains. This alliance […]

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October Solar Additions Equal To Full 2022 As Europe’s Solar Romance Blooms

Rystad Energy Research reports that Europe’s solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing 58 gigawatts direct current (GWDC) of new panels by the […]

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German 400 MW Solar Plus Storage Tender Sees Oversubscription

Germany has concluded its latest round of the 400 MW solar tender that comes with storage. The Federal Network Agency shortlisted 408 MW worth of projects. Interestingly, this round of the innovation tender attracted unprecedented interest from the bidders. The round saw a total of 53 bids with a cumulative capacity of 779 MW. Of […]

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Employment in Renewables Rose to 13.7 Mn in 2022, Solar Largest Employer: ILO

The ILO, in a joint initiative with the the International Renewable Energy Agency (IRENA) has released the tenth edition of  Renewable Energy and Jobs: Annual Review 2023. The report explores the connection between renewable energy which is attracting increasing investment, and leading to job creation among countries. Surge in Employment in Renewable Energy The report […]

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Solar Pumps, Refrigerators To The Rescue In Benin, West Africa

In the Kalalé District of Benin, West Africa, basic health services are hard to come by. Historically, a lack of electrical infrastructure in this region has meant no power to pump clean water or refrigerate vaccines. That has now changed due to a recently completed project by the Solar Electric Light Fund (SELF), with funding from the Millennium Challenge […]

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Solar Designer PVcase Raises $100 Million In Funding

Lithuanian firm PVcase (PhotoVoltaic Computer Aided Solar Engineering), a key global leader in solar project design software, announced today it has secured a joint investment of $100 million, bringing the company’s total funding to over $123 million. Highland Europe, Energize and existing investor Elephant all participated in the round. Despite considerable resources already invested in the solar market, the solar engineering industry […]

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