The global portable generator market size is expected to reach USD 5.87 billion by 2026 from USD 3.88 billion in 2021, at a CAGR of 5.4%. The need for backup power during power outages is one of the key factors driving the growth of the portable generator market. Increasing adoption of dual fuel and variable frequency generators offers lucrative opportunities for manufacturers. The portable generator market size was valued at USD 1.33 billion in 2018 and Asia Pacific is expected to dominate the portable generator market share over the forecast period. Poor energy infrastructure in most African countries is creating multiple growth opportunities for the market in the Middle East and Africa region. Emerging economies occupy an important position in emerging economies, and their energy demand continues to grow.
Perovskite solar cells are thin-film devices made of multiple layers of materials that can be printed or coated with liquid ink, or deposited in a vacuum. Researchers at the Indian Institute of Technology (IIT Roorkee) say they have succeeded in developing high-quality, efficient and low-cost perovskites. The developed perovskite solar cell achieved a power conversion efficiency of 17.05%.
Waaree Energies said it is increasing its manufacturing capacity for 650W modules to 12 gigawatts (GW) from its current 9 GW operating capacity. It will become the world's largest component manufacturing capacity outside of China. With the addition of Indosolar, the modules will be produced in Greater Noida, NCR for the domestic market in 2022. Chief executive officer Hitesh Doshi said the implementation of basic tariffs and ALMM has transformed the import-oriented market to domestic manufacturing.
Gujarat-based membrane technology company Permionics has secured an order for water management systems to serve 10 GW of capacity in the solar wafer and ingot/wafer fabrication industries. Solar cell manufacturers are looking to integrate backwards and take control of their supply chains. To produce just 1 GW of wafer capacity requires approximately 1 million liters of purified water per day.
Georgian Prime Minister Irakli Garibashvili has instructed the Economy Ministry to buy generators to provide aid to Ukraine "in the shortest possible time," Georgia's government executive head Revaz Javelidze said on Friday.
His comments came after Andriy Kasianov, Ukraine's charge d'affaires in Georgia, said earlier this week that his office had asked the Georgian government a month ago for generators in the form of aid, but "so far No response so far."
Javelidze also cited other forms of support — including Georgia's 26,000 Ukrainian nationals who receive monthly aid, medical care and mother-tongue education for 1,565 students in schools across the country, which he said has been provided to more than 900 Ukrainians. Assistance with obtaining medical assistance in Georgia medical settings as part of a referral program.
Spanish oil company Repsol said on Friday it would buy renewable energy company Asterion Energies for 560 million euros ($596 million). The deal is one of the largest renewable energy deals in Spain in terms of megawatts. Asterion's portfolio includes 4.900 GW of photovoltaic solar and 2.8 GW of wind, of which 2.5 GW is at an advanced stage of development or under construction.