European electricity market prices continue to recover, while photovoltaic energy reaches all time highs in the Iberian Peninsula. In the fourth week of April, prices continued to recover in the main European electricity markets. Even so, most markets registered negative prices for a few hours, especially on Sunday, April 28. In the MIBEL market, weekly … Continue reading Photovoltaic energy reaches all time highs in the Iberian Peninsula
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China will build photovoltaic solar power plant in Nicaragua
The Chinese state-owned company China Communications Construction Company Limited (CCCC) will build a photovoltaic solar power plant with a capacity of 67.3 megawatts in Nicaragua, the government of the Central American country announced on Monday. The solar energy project will be implemented with an 80 million dollar Chinese credit, said Vice President Rosario Murillo to … Continue reading China will build photovoltaic solar power plant in Nicaragua
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Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
Matrix Renewables, the global renewable energy platform backed by TPG, has announced the signing of a renewable power purchase agreement (“PPA”) with affiliates of Hyundai Motor Group for 147 MWac of its Stillhouse Solar project, with 284 total MW of solar photovoltaic energy, which is located in Bell County, Texas (USA). The Stillhouse Solar project … Continue reading Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
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Ørsted will sell its wind power and photovoltaic business in France
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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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
Continue readingSonnedix 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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