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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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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José Donoso is elected president of the Committee of National Associations of SolarPower Europe
José Donoso, general director of the Spanish Photovoltaic Union (Unef), has been elected president of the Committee of the National Associations of SolarPower Europe and member of the Board of the European association. In the words of Walburga Hemetsberger, CEO of SolarPower Europe: “With our newly strengthened Board and through the appointment of José Donoso … Continue reading José Donoso is elected president of the Committee of National Associations of SolarPower Europe
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PowerChina launches construction of photovoltaic power plant in Algeria
Power Construction Corporation of China (PowerChina) on Monday started the construction of a photovoltaic power plant in northern Algeria, with a total installed capacity of 220 MW. Algerian Minister of Energy and Mines, Mohamed Arkab, attended the project’s groundbreaking ceremony in Bir Naam, Biskra province, 400 km southeast of the capital city of Algiers. Expected … Continue reading PowerChina launches construction of photovoltaic power plant in Algeria
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China’s installed photovoltaic capacity of solar power reaches around 660 GW
China adds 45.7GW of solar photovoltaic (PV) in Q1 2024, up from 33.7GW in Q1 2023. China’s National Energy Administration has unveiled that the country’s newly added solar photovoltaic capacity in the first quarter of 2024 was 45.74GW, up from 33.66GW in the same quarter last year. Previous data from the energy administration showed that … Continue reading China’s installed photovoltaic capacity of solar power reaches around 660 GW
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Soltec will supply 367 MW of photovoltaics from its SFOne tracker for X-Elio in Murcia
This plant will have SFOne trackers from Soltec. This double-row 1P tracker stands out for its great competitiveness and its low profile, which minimizes visual impact and maximizes energy efficiency. The project will have a total of 5,948 followers. In addition to the supply of the plant, which is scheduled to begin at the end … Continue reading Soltec will supply 367 MW of photovoltaics from its SFOne tracker for X-Elio in Murcia
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Wind power and photovoltaic installations increase in China in the first quarter
China’s installed capacity for power generation from wind and photovoltaics rose in the first quarter, which analysts attributed to rising domestic demand as China pursues sustainable development. Analysts refuted accusations of “overcapacity” recently spread by some Western countries, noting that such increases in new energy installations demonstrated China’s efforts to meet its commitment to achieve … Continue reading Wind power and photovoltaic installations increase in China in the first quarter
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