Ørsted and ENGIE have signed a share purchase agreement under which ENGIE will acquire OSTWIND International S.A.S., OSTWIND Engineering S.A., and their subsidiaries (jointly Ostwind France), Ørsted’s onshore wind and solar business in France. The transaction is expected to close in Q2 of 2024. Kieran White, Senior Vice President and Head of Onshore in Region … Continue reading Ørsted will sell its wind power and photovoltaic business in France
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US residential photovoltaic: cloudy skies will lead to a market reset in 2024
The passage of the Inflation Reduction Act (IRA) in 2022 heralded long-term growth for the segment, increasing and extending the investment tax credit (ITC). However, the tangible benefits of this legislation are taking longer than expected to materialise. At the end of 2022, high interest rates started to afflict the industry. Throughout 2023, the residential … Continue reading US residential photovoltaic: cloudy skies will lead to a market reset in 2024
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RWE starts construction of its first photovoltaic plant in Italy
RWE has started the construction of its first solar plant in Italy. Bosco, an 8.3 megawatt (MWac) ground-mounted solar plant, will be installed in Partinico Municipality near Palermo, Sicily. On a 16-hectare site, around 15,000 bifacial modules1 will have the capacity to generate enough green electricity to supply the equivalent of 7,000 Italian homes. Commissioning … Continue reading RWE starts construction of its first photovoltaic plant in Italy
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ADB, partners support construction of solar photovoltaic plant in Kiribati
Kiribati Minister of Infrastructure and Sustainable Energy Willie Tokataake led the groundbreaking ceremony and ADB Senior Country Coordination Officer in Kiribati Teatao Tira represented the bank at the event. The Asian Development Bank (ADB) joined the Government of Kiribati and other development partners in a groundbreaking ceremony today to officially mark the first step toward … Continue reading ADB, partners support construction of solar photovoltaic plant in Kiribati
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A strategy to boost the efficiency of perovskite/organic photovoltaic cells
In recent years, researchers have been experimenting with a wide range of solar cell designs in the hope of facilitating their widespread deployment. Organic solar cells based on perovskite materials have been found to exhibit various advantages over conventional solar cell designs based on conventional silicon, including lower costs of fabrication, greater flexibility and tunability. … Continue reading A strategy to boost the efficiency of perovskite/organic photovoltaic cells
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China drives down cost of photovoltaic (PV) solar power development
China’s large-scale development of solar power, coupled with continuous innovation and a complete industrial chain, is driving down production costs and making new energy products more affordable worldwide, experts said. This shift benefits the global community, whose current solar capacity still falls short of demand to achieve decarbonization goals. Developing nations, particularly, need more advanced … Continue reading China drives down cost of photovoltaic (PV) solar power development
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2023 Top Photovoltaic Storage Manufacturers in China
The energy storage sector reached new heights in 2023, as showcased at the annual Energy Storage Carnival and the release of the Global Energy Storage Shipment Rankings for Chinese Enterprises by the Electric Energy Storage Alliance (EESA). EESA Chairman, Du Xiaotian, delivered a comprehensive summary of the global and Chinese energy storage industry’s developments in … Continue reading 2023 Top Photovoltaic Storage Manufacturers in China
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SkyPower signs PPA for 1 GW of photovoltaic in Zambia
SkyPower Global has signed a power purchase agreement (PPA) with Zambia’s state-owned utility, ZESCO Ltd, to deliver 1,000 MW of photovoltaic power. The PPA will support the Green Giant Zambia project, which is expected to supply electricity to around 4 million homes, boost job creation and add more renewable energy to Zambia’s copper mining-based economy. … Continue reading SkyPower signs PPA for 1 GW of photovoltaic in Zambia
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The cost of putting photovoltaic panels into operation falls by more than 80%
The average capital costs of building photovoltaic power plants have fallen by more than 80% over the last decade, according to data from the International Renewable Energy Agency (IRENA). The global average cost of operating 1 kilowatt (kW) of photovoltaic panels has fallen from $5,124 in 2010 to $876 in 2022 (all values ??are in … Continue reading The cost of putting photovoltaic panels into operation falls by more than 80%
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Chinese company to build photovoltaic factory in Saudi Arabia
A Chinese solar energy infrastructure company has signed an agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to build a photovoltaic production facility in Jeddah, the kingdom’s largest port city. In a statement released on Thursday, Arctech Solar Holding Co. Ltd said the new factory will span roughly 97,000 square meters … Continue reading Chinese company to build photovoltaic factory in Saudi Arabia
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China to reach 5.5 TW of photovoltaic by 2050
China is set to reach 5.5 TW of photovoltaic by 2050, according to forecasts by Norwegian risk-assessment specialist DNV in its latest report, “Energy Transition Outlook China 2024.” DNV forecasts that PV in China will account for 38% of electricity production by 2050, up from 5% today, and that more than a third of solar … Continue reading China to reach 5.5 TW of photovoltaic by 2050
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SSEF and Capital Energy will finance commercial and industrial self-consumption with photovoltaic (PV) in Spain and Portugal
This ‘dark green’ energy efficiency fund, advised by Solas Capital AG, agrees with Capital Energy to financially support the development of C&I self-consumption facilities in the Iberian Peninsula. This alliance will allow Capital Energy to offer an easily accessible solution to its commercial and industrial customers in Spain and Portugal through power purchase agreements (PPA). … Continue reading SSEF and Capital Energy will finance commercial and industrial self-consumption with photovoltaic (PV) in Spain and Portugal
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Sonnedix begins construction of its largest UK photovoltaic plant
Sonnedix, a global renewable energy producer with over 3 GW operating capacity, has begun the construction of Cowley Complex, the largest plant in its 300 MW UK portfolio. The 120 MW ground-mounted solar photovoltaic (PV) plant is set to become one of the largest solar PV plants in the UK once completed in 3Q25. Cowley … Continue reading Sonnedix begins construction of its largest UK photovoltaic plant
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India installed 6.2 GW of photovoltaic in March 2024
India installed a record 6.2 GW of new solar capacity in March 2024, almost doubling the previous record for all renewables, according to a report by Rystad Energy. In just a single month, solar PV added almost as much capacity as in all of 2023, when India added 7.5 GW of new solar capacity. Solar … Continue reading India installed 6.2 GW of photovoltaic in March 2024
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Iberdrola and Norges Bank Investment Management conclude negotiations to expand alliance to 2,500 MW of renewables in Iberia
Iberdrola and Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, have concluded negotiations to add an extra 644 MW of renewable energy in Spain to their Iberian clean energy alliance, with approximately 2,500 MW now under development. In January, both companies stated that they were negotiating exclusively to double the size of their … Continue reading Iberdrola and Norges Bank Investment Management conclude negotiations to expand alliance to 2,500 MW of renewables in Iberia
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Acciona Energía signs a photovoltaic PPA with DaVita in Spain
ACCIONA Energy has signed a power purchase agreement (PPA) with DaVita, a leading provider of healthcare services specialized in dialysis and chronic kidney disease treatments, to supply 100% renewable electricity in Spain for 12 years. The electricity will come from the Ayora I-II-III photovoltaic complex (85.74 MWp), currently under development in the municipality of Jarafuel … Continue reading Acciona Energía signs a photovoltaic PPA with DaVita in Spain
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Ivory Coast promotes renewable energies with new photovoltaic projects
The Ivory Coast is set to begin construction of the $63.5 million Ferke Solar power plant in Sokoro, which will have an installed capacity of 52 MW. Announced by government spokesperson Amadou Coulibaly in April, the project will commence in the second quarter of 2024 and is expected to be operational by the third quarter … Continue reading Ivory Coast promotes renewable energies with new photovoltaic projects
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RWE commissions 92 MW photovoltaic farm in Spain
Over the past two years, RWE has taken major steps to expand its solar business to more than 4.2 gigawatts worldwide. In addition to the US and Australia, Europe offers great opportunities for solar growth. Following the start of construction of its largest solar project in Greece and first solar plants in the UK, RWE … Continue reading RWE commissions 92 MW photovoltaic farm in Spain
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Tender (EPC) for a 25 MWp photovoltaic plant with storage in Togo
As part of the Regional Urgent Intervention Project in the Solar Energy Sector (RESPITE), a photovoltaic solar power plant is to be built in Dapaong in northern Togo. The project is the subject of an international call for tenders. After Blitta, a new photovoltaic solar power plant is to be built in Dapaong in the … Continue reading Tender (EPC) for a 25 MWp photovoltaic plant with storage in Togo
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Nigeria to establish photovoltaic plants in 25 states
The federal government has expressed commitment to partner with the state governments in facilitating the shift towards their increased participation in the electricity market as envisioned by the Electricity Act, 2023 so as to tackle the issues associated with power supply in the country.Vice President Kashim Shettima stated this at the power sector stakeholders interactive … Continue reading Nigeria to establish photovoltaic plants in 25 states
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