Renewable Energy

In 2022, off-grid solar kit sales reached a record-breaking 9.5 million units. This is almost 1 million more than the 8.5 million units sold in 2019.

SEG Solar (SEG), a US producer of photovoltaic modules for the utility, commercial and residential markets, was added to the BloombergNEF (BNEF) list of Tier 1 global solar manufacturers for Q3 2023.

Although raw material costs in China are slowly stabilizing again, PV module prices continue to decline, as inventory levels remain very high.

The lowest solar bid in Serbia’s inaugural renewable energy auction was €0.08865 ($0.096)/kWh. The exercise is planned to allocate 50 MW of solar and 400 MW of wind power.

Romania is to start with 2 GW onshore wind and solar auction out of its multi-year plan to award a total of 10 GW capacity under CfD scheme.

Hungary’s €2.36 billion scheme for accelerated investments in strategic sectors, including solar PV, has secured a green signal from the European Commission.

Launched in March 2023, UK’s AR5 auction round initially had a budget of £205 million which has now been raised to £227 million.

The EU needs to take steps to improve grid and market preparedness, according to a letter written by industry associations.

BloombergNEF sees solar PV leading the US’ power system with over 2 TW installed capacity by 2050 under the Net-Zero Scenario.

Encavis will float a joint venture (JV) with Freiburg based energy supplier badenova AG & Co KG to establish 500 MW renewable capacity in the country.

US DOE has announced 19 projects that have been shortlisted for its $82 million funding. A lot of projects focus on CdTE and perovskite solar technologies.

Bundesnetzagentur has announced addition of 944 MW new solar PV capacity in March 2023, taking Germany’s total installed PV in Q1/2023 to over 2.65 GW.

As much as 4 GW of planned solar projects will be canceled if the US Congress decides to implement retroactive tariffs for solar imports.

The solar air conditioning economy is growing rapidly. Read on to learn more about factors driving its growth, new trends, and the best-performing markets.

Masdar expands US presence with EDF Renewables North America project. Also, read on for more North America PV news from SunPower, Duke Energy, and CPUC.