Jinko Solar Co Ltd sold its Xinjiang subsidiary to Ziyang Major Industry Equity Investment Fund and Dong Shihong for 4.3 bn yuan ($622.1 mil). The sale is pending an antitrust review by China's State Administration for Market Regulation. The unit reported an unaudited net profit of 139.9 million yuan in the first three months of this year and 152.1 million yuan in audited net profit in 2022.
The New York State grid last week met 20 percent of its electricity demand with solar energy, generating 3,330 megawatts for one hour. That power could power 2.7 million to 3.3 million homes, with a peak load recorded at 16,166 megawatts. New York is one of the strongest solar markets in the US, driving significant growth.
An international team led by researchers at the Indian Institute of Technology (IIT) Jodhpur has proposed offshore wind farms as an earthquake-resistant alternative energy source. The proposed methodology involves the estimation of nuclear reactor coolant power requirements, the design of offshore wind turbines, and seismic safety assessments. The proposed 15 MW offshore wind farm features three NREL 5 MW turbines supported by monopile foundations to serve as additional emergency backup power to meet the cooling power needs of the existing nuclear power plant. The presented method serves as an excellent framework for assessing the seismic resilience of nuclear power plants and the integration of wind energy resources during interrelated events such as earthquakes and tsunamis.
Suzlon has secured a 204 MW wind energy project from Serentica Renewables, a decarbonization platform aimed at accelerating the energy transition in energy-intensive industries. The project, which is expected to be commissioned in early 2024, can provide electricity to 1.68 million households and reduce carbon dioxide emissions by 663,000 tons per year. Suzlon will supply the wind turbines and provide full operation and maintenance services after commissioning. Serentica Renewables (India) is focused on industrial decarbonisation, making renewable energy the dominant source of energy for business and industry.
Brazil burned fossil fuels for electricity generation at the lowest level in more than a decade in February, thanks to a boom in wind and solar power. It was the first time the monthly figure fell below 5% since July 2012, resulting in a 29% drop in CO2 emissions. President Luiz Inácio Lula da Silva has vowed to promote green energy in Brazil and restore the country's leadership in fighting global warming. Hydropower in Brazil is at risk due to the destruction of the Amazon rainforest.
The last coal-fired power plant in Hawaii closes in 2022, emitting 1.5 million tons of greenhouse gases a year. Energy storage farms could replace it, with potential uses such as battery storage, solar and wind power. The state's largest stand-alone energy system, with 565 megawatt-hours of storage capacity, was developed by San Francisco-based Plus Power. Hawaii has mandated a transition to 100% renewable energy by 2045.