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World Bank

A World Solar Bank and India’s Solar Ambitions.

In the past week, talk of a World Solar Bank, midwifed by the International Solar Alliance (ISA), Prime Minister Modi’s biggest foreign policy initiative has picked pace again. The ISA, whose overarching mandate can be considered the raising of 1 trillion dollars to build, spread and sustain  solar energy worldwide, with special attention to the […]

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World’s New Power Generation Banking on Sunshine

The United Nations Environment report indicated that the solar energy has dominated global investment in new power generation like never before in 2017. The world installed a record 98 gigawatts of new solar capacity, far more than the net additions of any other technology – renewable, fossil fuel or nuclear. Climbing investment Solar power attracted […]

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Saudi Arabia, Softbank to Create World’s Largest Solar Power Project

The projects are expected to create an estimated 100,000 jobs in Saudi Arabia and boost Saudi Arabia’s GDP by an estimated $40 billion annually. Saudi Crown Prince Mohammed bin Salman signed a Memorandum of Understanding with SoftBank CEO Masayoshi Son to create the world’s largest solar power generation company in Saudi Arabia. At a press […]

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Foxconn and SoftBank to Bring World’s Cheapest Solar Power in India

SBG Cleantech Ltd., the clean-energy joint venture between Japan’s SoftBank Group Corp., India’s Bharti Enterprises Pvt. and Taiwan’s Foxconn Technology Group quoted 2.45 rupees to scoop up the 300 MW solar power project. Companies led by SoftBank Group Corp. of Japan and Taiwan’s Foxconn Technology Co. Ltd. are bringing India some of the cheapest solar […]

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Solis Strengthens Bankability Rank For Buyers

In a key development Ginlong (Solis) has announced its notable position in the 2023 BloombergNEF (BNEF) Inverter Bankability Survey. The survey, engaging diverse industry stakeholders such as banks, solar engineering contractors, and technical advisers, sheds light on the solar inverter bankability landscape. Bankability rankings serve to reassure financial institutions backing solar projects on the quality […]

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UK’s Dogger Bank Offshore Farm Delivers First Power To Grid

Dogger Bank, set to be the world’s largest offshore wind farm, is now connected to Britain’s national grid and has started exporting electricity for the first time to British homes and businesses. This is a major milestone in the development of the industry and the transition to a cleaner, more secure energy system. The 3.6 […]

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Solar Power for EV Charging? Stop, Says German Bank

Germany’s state owned KfW bank was caught on the wrong foot with the response to a solar subsidy plan for EVs. the plan, which sought to offer subsidies to users who opted to use solar power to charge their EVs, met with an overwhelming response on day 1, with 33,000 applications. That meant the funds […]

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IESA along with Global Alliances to Host World Energy Storage Day Global Virtual Conference & Expo 2023

Every year, on September 22, World Energy Storage Day (WESD) is commemorated to recognise the advancement of energy storage, which is at the forefront of the clean energy transition for both the transportation sector and the electric grid (www.energystorageday.org). India Energy Storage Alliance (IESA) along with the world’s major global alliances is set to host […]

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