Driven by Government Policies, ISEA Pegs Cumulative Installed PV Capacity at Over 1.18 GW
Ireland’s solar PV capacity grew to 1,185 MW, powering 280,000 homes. Government schemes drive growth, aiming for 8 GW by 2030.
Renewable Energy
Sourcing insights and market trends for the renewable energy industry.
World’s Largest Solar Plant Goes Online in China
China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).
BESS, Deep Learning Simulations: Decrease in Wholesale Price Variability
Donato Leo is the author of a study on the relationship between photovoltaics, batteries and wholesale energy prices in Italy. Leo’s deep learning simulations suggest changes in energy prices as installed battery capacity increases.
SPE Report Tracks 3rd Consecutive Year of Doubling Annual Market, With 94 Percent Increase Last Year
SolarPower Europe releases BESS report for European market that shows annual growth of 94% in 2023. Read to know more.
Solar Energy To Become Swiss Energy Supply System’s ‘2nd Pillar’ With Positive Referendum
Switzerland voted to boost renewable energy, easing solar & wind project rules, extending financial support, and increasing grid surcharges.
U.S. Grid-Scale Storage Grows 84%, Residential Storage 48%
Wood Mackenzie reported large growth in Q1 year-over-year for grid-scale storage and residential storage in the USA, while commercial and industrial storage slowed.
Finds Material Injury To Domestic Industry From Cells & Modules Imported From SE Asian Nations
USITC found likely harm from solar imports from 4 SE Asian nations, continuing its investigation with findings due in July and October 2024.
Global PV Installations May Hit 660 GW in 2024, Says Bernreuter Research
Bernreuter Research says low module prices will drive demand in the second half of this year. The researchers note the shipment targets of the world’s six largest solar module suppliers, who are aiming for an annual growth rate of 40% on average.
Amsterdam To Allow Solar Panels on Monuments
The Amsterdam municipal authorities say they will make installing solar panels and heat pumps easier and allow visible installations on monuments and heritage buildings.
Solar Module Manufacturing Capacity Increased by 11 GW; Market To Install 40 GW New Capacity in 2024
The US solar market had a record Q1/2024 with 11.8 GW installed, reaching a cumulative 200 GW. Manufacturing capacity increased to 26.6 GW.
Electricity Prices Fall in Most European Markets
Electricity prices fell in all major electricity markets except the British and Nordic markets in the second week of June. Portugal reached an all-time daily solar production record, registering 22 GWh on June 13.
SolarPower Europe Says 1 TW of Solar Could Be Annually Installed by 2028
SolarPower Europe forecasts more than 1 TW of annual solar installations by 2028, but financing and energy system flexibility must be unlocked.
Chinese PV Industry Brief: January-May Installations Hit 79.15 GW
China‘s cumulative installed PV capacity reached 690 GW at the end of May, according to recent numbers released by the country’s National Energy Administration (NEA).
China Modules Prices Trend Lower on Weak Demand, Oversupply
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Italia Solare Counts 1.72 GW New Additions in Q1/2024, Recording Over 62 Percent Annual Growth
Italy’s Q1/2024 solar PV capacity rose 62% YoY to 1,721 MW. C&I led with 595 MW, utility-scale grew 373%, residential dropped 15%.