Sourcing insights and market trends for the renewable energy industry.
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 forecasts more than 1 TW of annual solar installations by 2028, but financing and energy system flexibility must be unlocked.
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).
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.
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%.
Portuguese and Italian researchers have shown that the levelized cost of hydrogen (LCOH) is lower onshore and that PV-wind configurations reduce the LCOH up to 70%, while Lhyfe says it has started collaborating on a hydrogen storage project.
Solarwatt stops German battery production; VINCI invests in Helios; MYTILINEOS’s Irish PPA; Ingeteam’s Spain contract; Fraunhofer TOPCon efficiency.
The latest government installation figures reveal a slower start to the year for the United Kingdom, with small-scale installations accounting for the majority of additions. As the UK General Election approaches, there are calls from industry for the next government to act quickly on the issues hindering capacity expansion.
Freight costs, which represent around 4% of a solar module’s total costs, are increasing on trade lines between the Far East and the US West Coast, Northern Europe, and Mediterranean region.
Eurus Energy and Windlab have commissioned Australia’s first large-scale hybrid renewable energy facility in Queensland.
Ireland launches Phase Two of SRESS, offering fixed tariffs for solar and wind projects from 1 MW to 6 MW to boost renewable energy.
US-based start-up SorbiForce uses no toxic products or metals in production of its batteries. It claims its systems are cheaper and safer than lithium-ion batteries and have near zero end-of-life waste.
Switzerland installed 602 MW of solar in the first four months of the year, bringing its total installed PV capacity to around 6.8 GW by the end of April.
EGing PV plans $1.5 billion investment in Tajikistan, starting with a $150 million, 200 MW solar plant in the Panj Free Economic Zone.
EU adopts Net-Zero Industry Act to boost clean tech, targeting 40% of needs by 2030, including 30 GW annual solar PV capacity.