IKEA makes first solar investment in Russia

Ingka Group, the owner of most IKEA stores worldwide, agreed to buy a 49-percent stake in eight solar parks in Russia from Solar Systems LLC, marking its first investment in renewable energy in the country, according to a Reuters report.  The total book value for the eight parks is more than 21 billion roubles ($272.16 million), […]

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Amplus Solar buys rooftop solar assets of Sterlng and Wilson

Gurugram-based Amplus Solar, Asia’s leading distributed energy company providing low carbon energy solutions to industrial and commercial customers, has bought 17 solar rooftop assets of Sterling and Wilson, adding 7.2 megawatt (MW).  A part of the Petronas group of Malaysia, Amplus Solar already has 800 MW plus projects operational in the distributed solar segment and under construction […]

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India has 170 GW of renewable energy capacity operational or under development: Power Minister

As much as 170.14 gigawatts (GW) of renewable energy capacity, excluding large hydropower units, has either been installed or under various stages of development or bidding at February-end this year, India’s power minister, R.K. Singh informed the Parliament. The statement assumes significance in view of India’s ambitious target of having 175 GW installed renewable energy […]

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Solar projects weather the pandemic: Fitch

The global pandemic has had little effect on solar projects as they outperformed wind projects throughout the world for the third-straight year, according to a new report by Fitch Ratings.  Electricity production from solar projects continues to exceed initial estimates with many solar projects performing so well operationally that some ratings are equivalent to those […]

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