6 May 2021
Australia’s only publicly listed pure-play solar energy company, New Energy Solar, says it is on track to secure a sale of its Australian assets by the middle of the year as the company moves to focus its investments on overseas projects.
In its latest quarterly update, New Energy Solar told shareholders that the sale process for the company’s two Australian solar farms, the 111MW Beryl and 55.9MW Manildra solar farms, is nearing completion.
Last year, the ASX-listed company instigated a strategic review of its business operations in an effort to boost value for shareholders, concluding that it should focus on expanding its presence in overseas solar markets and would likely find value in selling its Australian projects.
Solar Power Market to Touch $293 18 Billion by 2028; Promotion of Alternative Energy Sources by Governments Worldwide to Boost Market Growth: Fortune Business Insights™ padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
USD 293.18 billion by 2028, exhibiting a CAGR of
6.9% during the forecast period. The market’s value stood at
USD 170.55 billion in 2020, according to a report by
Fortune Business Insights™, titled “
Incorporation of AI in Solar Energy Management to Brighten Market Outlook
Artificial intelligence (AI) has proliferated across a wide range of industries and is transforming the solar industry as well. Governments and private companies are increasingly utilizing the power of AI to optimize the operations of solar power plants and augment solar projects. For example, the US Department of Energy (DOE) has deployed IBM’s AI software for its SunShot Initiative. The software combines cloud information, sensor networks, and local weather stations derived from sky cameras and satellite imageries. In Australia, New Energy Solar announced in March 2019 that it will be using cutting-edge predictive technologies at its Manildra Solar Plant, in partnership with the Canberra-based sol
New Energy Solar optimistic despite wild weather, bushfires and Covid-19 impacts reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.