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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The EU Grid Action Plan will help wind energy and photovoltaics, but urgent action is needed against excessive connection queues.
On 28 November the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current … Continue reading The EU Grid Action Plan will help wind energy and photovoltaics, but urgent action is needed against excessive connection queues.
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EDPR starts production of two new photovoltaic projects in The Netherlands with more than 25 MWp
By commissioning these photovoltaic projects, EDPR is progressing in its strategy of electrification through renewables and contributing to value creation by reducing emissions and offering more competitive energy prices; With a joint generation of over 37 GWh of clean energy annually, Berkelland and Drachten were developed through Kronos Solar EDPR. EDP Renewables (EDPR), global leader … Continue reading EDPR starts production of two new photovoltaic projects in The Netherlands with more than 25 MWp
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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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The 5 most frequently asked questions about photovoltaic energy
In recent years, photovolyaic energy has emerged as a viable and sustainable solution to the world’s energy needs. With growing concerns about environmental sustainability and the search for renewable energy sources, many people have questions about how solar energy works and what its benefits are. With that in mind, let’s answer the five most frequently … Continue reading The 5 most frequently asked questions about photovoltaic energy
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Solar photovoltaic and wind energy in the third week of April
Gas and CO2 price rises drive European electricity markets, but the Iberian market resists. In the third week of April, prices rose in most major European electricity markets. The exception was the Iberian market, which had the lowest prices for the eleventh consecutive week. Gas and CO2 futures rose to prices not seen since the … Continue reading Solar photovoltaic and wind energy in the third week of April
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Understanding the implications of the intermittency of renewable energy is essential for energy market participants
Electricity demand is set to surge over the coming decades as addressing climate change becomes a key focus for societies globally and the energy transition advances. At the same time, traditional fossil fuel powered generation will increasingly be phased out in favour of renewable sources. On the face of it, that’s good news for power … Continue reading Understanding the implications of the intermittency of renewable energy is essential for energy market participants
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