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Finance

Scientists set new efficiency target for monolithic perovskite-silicon tandem solar cell

Researchers at the University of Sydney have achieved 30% efficiency rating with a monolithic perovskite-silicon tandem solar cell and now have their sights set on a new target.

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Lightsource bp lands financing package for 150 MW NZ solar farm

Construction of a 150 MW solar farm will go ahead at New Zealand’s Christchurch Airport precinct with joint venture partners Lightsource bp and Contact Energy announcing a final investment decision on the project.

Genesis adds 114 MW solar project as part of 500 MW strategy

New Zealand power company Genesis Energy has taken another step in delivering on its commitment to build 500 MW of grid-scale solar by the end of 2028 with the acquisition of a 114 MW consented PV project on the nation’s North Island.

Tongwei to acquire Runergy

Chinese solar module maker Tongwei has presented a CNY 5 billion ($1.06 billion) offer to acquire rival manufacturer Runergy. If successful, the transaction will be the largest merger and acquisition deal in the PV sector this year.

AGL accelerates clean energy shift with 8.1 GW acquisition

Energy giant AGL has stepped up its transition away from coal and gas, adding a development pipeline of more than 8 GW of large-scale solar and battery energy storage projects to its portfolio with the acquisition of two Australian renewable energy developers.

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Indonesia relaxes local content rules for solar projects

Indonesia has moved to ease local content requirements for electricity infrastructure projects, including solar power plants, in a bid to attract more foreign capital and drive the development of renewable energy projects.

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Li-S Energy to build on battery plant with lithium foil facility

Queensland lithium-sulphur battery company Li-S Energy has capped the official opening of a 2 MWh cell production line in Victoria by announcing it has secured a $1.7 million federal government grant to develop Australia’s first lithium foil manufacturing facility.

Troubled Tritium picked up by Indian EV charger giant

Collapsed Australian electric vehicle fast-charger manufacturer Tritium has been acquired by a subsidiary of India-headquartered power solutions company Exicom Tele-systems as it looks to expand its global footprint.

PV industry faces consolidation says JinkoSolar

JinkoSolar has begun converting its production to n-type tunnel oxide passivated contact (TOPCon) products to stay competitive, says Frank Niendorf, the company’s general manager for Europe. He predicts that several market players in the value chain will exit the market soon.

SunPower files for bankruptcy

United States-headquartered solar company SunPower Corp has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.

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