Around 392 GW of photovoltaics will be added in 2023. This is more capacity than all worldwide nuclear power plants in operation in 2022, which was 371 GW cumulatively.
Solargis, a Slovakia-based solar data provider, claims that the difference between modeled solar irradiance and real measurements is more significant in tropical regions than in subtropical zones. It argues that enhancing ground-based measurement stations and forecasts can enhance data accuracy and accelerate PV project delivery.
If demand picks up again toward the end of the year due to the current price situation, the downward trend for PV module prices could be stopped, according to pvXchange’s Martin Schachinger.
Created by scientists in Poland, the model is based on GIS and can be adapted to different market conditions. The researchers applied it to the Polish market and found that 3.61% of the country’s available land can host utility-scale PV systems.
Netherlands allocates €416.6 million for the construction of utility-scale batteries connected to ground-mounted solar farms or large rooftop PV systems.
The amount of unsold panels in European warehouses may have doubled between mid-July and the end of August, and it may reach 100 GW by the end of the year.
PV module importers in the Netherlands saw the solar module recycling fee increase. The money generated will be used to finance a guarantee fund.
PV module prices have fallen since the start of the pandemic in 2020, reaching a global two-year low in April 2023, according to the EIA.
The rise in gas prices, the decrease in wind energy production and higher demand boost European electricity market prices.
There were multiple reports of fires involving batteries connected to residential PV systems in Germany and Austria in September. Read on for details.
On September 25, TTF gas futures reached their highest level since early April and on September 18, Brent reached its highest settlement price since November 2022.
Solar module prices have never fallen so sharply in such a short period of time. One reason for this is the “PV module glut” in warehouses in Europe, according to pvXchange’s Martin Schachinger.
Germany advanced its hydrogen ambitions this week with a fresh call for the International Green Hydrogen Promotion Program in Latin America.
German PV analyst Karl-Heinz Remmers looks at current price trends in the global and European PV industry. The figures he provides could explain how overcapacity and warehouses full of PV modules are affecting market prices.
A team of researchers from Norway analyzed a case study of a cascade hydropower system hybridized with both floating and ground mounted PV under sub-Saharan African market conditions.