Solar cell and PV module maker TSEC has raised funds of NT$615.0 million (US$22.04 million) through issuing 25.895 million preferred shares at NT$23.75 per share for private placement, with the Taiwan government's National Development Fund subscribing for 31.71% of the preferred shares and a new shareholder of TSEC 68.29%, according to TSEC.
Crystalline silicon solar cell and PV module maker Motech Industries will expand its annual production capacity for TopCon (tunnel oxide passivated contact) solar cells in Taiwan from 15MWp at present to 200MWp in the second quarter of 2022, according to company president Fred Yeh.
Energy EPC (engineering, procurement, construction) contractor ATE Energy International and San Miguel, a Philippines-based conglomerate, established a Philippines-based joint venture, ATE Infra Construction, in the third quarter of 2021, with each holding a 50% stake, according to ATE chairman and president Lu Yuan-Jui at a November 25 investor conference.
Solar cell and module makers United Renewable Energy (URE) and Motech Industries have released financial reports for third-quarter 2021, with the former suffering operating loss of NT$62.0 million (US$2.2 million) and the latter recording operating profit of NT$81.4 million.
Taiwan-based makers generated NT$433.7 billion (US$15.5 billion) from photonic products in third-quarter 2021, increasing 3.28% sequentially, and NT$1,241.9 billion for the first three quarters of the year, rising 20.60% year-on-year, according to Photonics Industry & Technology Development Association (PIDA).
Huawei Digital Power, a subsidiary Huawei Technologies established in June 2021, has signed with China-based construction and engineering contractor SEPCO111 for building a battery energy storage system (BESS) with capacity of 1,300MWh, which is claimed to be the world's largest of its kind, on Red Sea coast in Saudi Arabia, according to media reports.
According to Business Standard and Hindu Business Line, TVS Motor will set up a wholly-owned subsidiary to develop an electric vehicle (EV) in which the two-wheeler maker will invest about INR10 billion (US$133 million).
Tata Power is raising its target for renewable energy supply from 4GW to 25GW by 2030. Right now, about 30% of Tata Power's power supply comes from renewables, and the company is expecting to increase the percentage to 60% of installed capacity by 2025.
Countries around the world continue to respond to zero-carbon emissions policies. The EU proposed its Fit for 55 package, which aims to reduce greenhouse gas emissions by 55%. In the US, the Biden administration has budgeted US$550 billion to an infrastructure plan that includes electrical grids, electric vehicles (EV) and energy storage.
Prices for PV modules in the Taiwan market have been rising, and wil rise further, according to local EPC (engineering, procurement, construction) undertakers and investors in the PV power generation sector.
Startups are the growing force of India's economy. One of India's unicorn startups launched Ola Cars online car-shopping platform, while electric vehicles (EV), especially two-wheelers, are seeing increasing sales in India.
India's huge population and potential economic growth have attracted investments from foreign IT enterprises, such as Samsung, Netflix, and Oppo, while local large enterprise groups such as Tata and Reliance have been pushing for innovations across industries in India with increasing investments as well.
Against the backdrop of nonstop technological advancements, smart energy has become a key policy for governments and enterprises around the globe. However, despite years of development, there is still room for improvement in the three major areas of innovative energy solutions: generation, storage, and conservation. A team led by Cheng-Chien Kuo, chair of the Department of Electrical Engineering at National Taiwan University of Science and Technology (Taiwan Tech), has been using AI and various information technology (IT) tools to help government agencies, factories, enterprises, households and other users track their electricity information more accurately and allow for the formulation of strategies that can further optimize energy use.
Shinfox Energy, a member of the Foxlink Group that is engaged in development and operation of renewable energy-generating facilities, aims to cumulatively reach total installation capacity of 1GW in 2025, according to company president Wilson Hu.
Energy storage systems make renewable energy controllable, manageable, adjustable, and reduce the problems that may be caused during power delivery, according to senior director Paul Ai for Energy System Solutions Business Unit under Delta Electronics.
Foxconn (Hon Hai) Technology Group has disclosed that at its newly-acquired 6-inch wafer fab in Hsinchu, northern Taiwan, the company will be making SiC components and IR MEMS sensors and kick off the development of GaN devices.
Tesla's project to build an energy storage facility in Hokkaido could spark an energy revolution in Japan, where development of green energy is lagging as the government scratches its head for a way to reduce carbon emissions without burdening local enterprises.
Solar cell and PV module maker Tainergy Tech has set up a subsidiary, TaiSiC Materials, specifically for production of SiC wafers used as substrates for epitaxy of GaN-on-SiC wafers, according to industry sources.