North America

Fenice Investment Group will subscribe to compulsorily convertible preference shares (CCPS) of SILRES Energy Solutions at Rs 10 per CCPS. The investment is expected to complete by May 25.

Many factors are important in ballasting flat roof systems, such as wind speed and roof shape. In the past, however, wind force has unfortunately been underestimated, says wind expert Hans Ruscheweyh. pv magazine addressed this topic in a recent webinar with initiative partner Schletter, and drew several interesting points from the discussion.

Marking its second infrastructure investment in India, KKR will acquire Mumbai-based Shapoorji Pallonji Infrastructure’s 169 MWp solar assets in Maharashtra and 148 MWp in Tamil Nadu for a sum of Rs 15.54 billion (approximately US$204 million).

A U.S. research group is now developing new inverters to protect solar installations from cyberattacks. The researchers also aim to create new cybersecurity standards. Professor Alan Mantooth, the group’s research coordinator, said that inverters can be shut down if they are hacked, or contribute to grid instability and result in the overcharging of batteries, while potentially creating problems that we still don’t know how to address.

Although the Wiki-Solar website ranking only provides a snapshot of PV project engineering, procurement and construction contracts outside of China, it is nevertheless a useful indicator of the changing global solar market landscape. Of the top 11 companies, four are based in India, three in Germany, and two in the United States. But last year’s largest contractor, U.S.-based First Solar, might lose its leading position this year, as it has largely discontinued its EPC activities.

U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.

US scientists claim to have discovered a membrane which could lead to cheaper large scale flow batteries. The material is an ion-selective, aqueous-compatible polymer with intrinsic microporosity known as AquaPIM and is said to have tunable thickness and high conductivity in aqueous electrolytes.

Based in Gurugram, the factory is spread over 30,000 sq.ft and can produce 240 MWh of high-temperature battery storage solutions annually. These batteries can charge to 80% capacity within two hours and operate in excess of 55ºC, which makes them suitable for hot, humid tropical climates.

The New Delhi based lender—which has funded over 45 MW of distributed solar energy assets—will use the new investment to catalyze the growth of residential and commercial solar systems, solar pumps, floating solar and solar cold chains in India.

The U.S. ITC has released a report highlighting changes in the domestic solar cell and module manufacturing industry, showing that while there has been an increase in domestic module manufacturing, the overall program’s success, relative to the $740 million in tariffs, has created little measurable benefit.