The Romanian Energy Ministry has signed contracts to distribute close to EUR 70 million (USD 76.3m) in grant funding that will support the construction of a 1.5-GW solar panel manufacturing plant and five large-scale battery storage system (BESS) projects. The subsidies will be allocated under the country’s National Recovery and Resilience Plan (NRRP), Minister of … Continue reading Romania grants 70 million euros for the production of photovoltaic solar energy
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East China county committed to develop comprehensive green energy industry
A worker checks equipment at a workshop of a wind power equipment company in Rudong County of Nantong City, east China’s Jiangsu Province, Nov. 2, 2024. In recent years, the coastal county of Rudong has developed a comprehensive green energy industry that integrates resource development, equipment manufacturing, and full utilization. The county has established offshore … Continue reading East China county committed to develop comprehensive green energy industry
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Avangrid completes installation of 105,000 solar modules at its first photovoltaic plant in California
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has installed the final solar modules at its Camino Solar project in California. The Company installed about 105,000 modules over the past four months. “This is great progress for our first solar energy project in California, … Continue reading Avangrid completes installation of 105,000 solar modules at its first photovoltaic plant in California
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Chinese photovoltaic firms go where US tariffs don’t reach
Some of the biggest Chinese-owned photovoltaic solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S. trade tariffs targeting it and three other Southeast Asian countries. Meanwhile, in nearby Indonesia and Laos, a slew of new Chinese-owned solar plants are popping up, out of the reach of … Continue reading Chinese photovoltaic firms go where US tariffs don’t reach
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Pakistan’s photovoltaic (PV) boom gains momentum amid rising electricity costs
Pakistan is undergoing a rapid energy shift resulting in photovoltaic energy adoption among different consumer classes. The Great Solar Rush in Pakistan by Renewables First explores this shift, highlighting Pakistan’s growing prominence in the renewable energy landscape of developing nations. Pakistan imported around 15 GW (worth $2.1 billion) of solar panels from China over the … Continue reading Pakistan’s photovoltaic (PV) boom gains momentum amid rising electricity costs
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Utility-scale photovoltaic additions hit 46.8 GW since start of 2023
Wiki-Solar says the world’s top solar developers have added nearly 50 GW of new photovoltaic capacity since early 2023, raising their cumulative capacity to 146.7 GW – more than one-fifth of the global total. The world’s top 27 utility-scale PV developers installed 48.6 GW of new solar capacity between the start of 2023 and the … Continue reading Utility-scale photovoltaic additions hit 46.8 GW since start of 2023
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Iberdrola and Norges Bank Investment Management close the first 50 MW of photovoltaic power in their 2,500 MW alliance portfolio
Iberdrola and Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has incorporated the first 50 MW (megawatts) of solar PV to their €2 billion renewable energy investment alliance.The Peñarrubia solar PV plant is located Murcia, with a total capacity of 50 MW. This new plant reinforces the strategic alliance of more than €2 … Continue reading Iberdrola and Norges Bank Investment Management close the first 50 MW of photovoltaic power in their 2,500 MW alliance portfolio
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At the end of September, 28,665 MW of photovoltaic energy were in service in Spain
Photovoltaic energy installed 888 MW in the Spanish electricity system in Q3. At the end of September, 28,665 MW of photovoltaic energy were in service in Spain, according to provisional data from REE. This represents an increase of 3.2% compared to the previous quarter, and solar energy led renewable growth. Renewable energy reached 80,885 MW … Continue reading At the end of September, 28,665 MW of photovoltaic energy were in service in Spain
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Top photovoltaic module suppliers in Q3 2024
JinkoSolar, JA Solar and Trina Solar have achieved a total shipment of about 180GW in the first three quarters of 2024 amidst bleak industry situation, according to the latest data provided by Solarbe. In the third quarter of 2024, the photovoltaic industry chain continues to experience a certain structural supply-demand imbalance, with severe competition leading … Continue reading Top photovoltaic module suppliers in Q3 2024
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Engie to provide Meta with 260 MW of photovoltaic from US solar plant
Engie has signed a deal with Facebook owner Meta Platforms for the U.S. social media group to buy 100% of the output from its U.S. Sypert photovoltaic solar power plant, the French utility said on Thursday. The photovoltaic plant is expected to start operating in late 2025, Engie said. “Once operational, it will add to … Continue reading Engie to provide Meta with 260 MW of photovoltaic from US solar plant
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Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
The latest report from the International Energy Agency (IEA), which charts the future evolution of renewable energy manufacturing, says the combined global market for photovoltaics, wind, electric cars, batteries, electrolysers and heat pumps will grow from $700 billion in 2023 to more than $2 trillion in 2035. Global solar module manufacturing capacity is set to … Continue reading Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
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Towards the battery quinquennium: A catalyst for profitability in the renewable sector
In the last AleaSoft Energy Forecasting webinar, with the participation of Deloitte, the discussion highlighted how the reductions in battery costs and their hybridisation with renewable energies will be fundamental to increase the profitability of renewable energy projects. Analyses indicate that batteries, especially in hybrid systems, are starting to become profitable, opening the door to … Continue reading Towards the battery quinquennium: A catalyst for profitability in the renewable sector
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Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance
First-of-its-kind IEA analysis shows complex interplay between energy, industrial and trade policies as countries seek to secure supply chains and economic opportunities The rapid uptake of clean energy technologies offers major opportunities for countries looking to manufacture and trade them but also presents challenging decisions for governments, which face tensions and trade-offs based on the … Continue reading Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance
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Cubico commissions 132 MWp photovoltaic (PV) solar power plant to supply Google in Arkansas
Cubico Sustainable Investments has launched commercial operations of a 132 MW solar photovoltaic (PV) farm in Arkansas, which will supply Google with green electricity. The commissioning of the Crossett photovoltaic (PV) farm has expanded Cubico’s US operating portfolio to more than 880 MW, the company said in a LinkedIn post on Tuesday. The solar farm … Continue reading Cubico commissions 132 MWp photovoltaic (PV) solar power plant to supply Google in Arkansas
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Runergy’s Huntsville plant begins production, signaling growth in the U.S. photovoltaic market
Runergy officially launched its solar module factory in Huntsville, Alabama. Supported by its major shareholder, Yueda Group, the U.S. production base achieved production efficiency exceeding initial targets and completed its first batch of orders, receiving unanimous praise from customers. This launch not only highlights Runergy’s core position in the global photovoltaic industry but also reflects … Continue reading Runergy’s Huntsville plant begins production, signaling growth in the U.S. photovoltaic market
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Photovoltaic and wind energy in the fourth week of October
In the fourth week of October, TTF gas futures prices increased, reaching values not seen since November 2023. CO2 futures also rose. Wind energy production declined in most markets and demand increased in some markets. All these factors led to higher prices in most major European electricity markets. On October 22, photovoltaic energy registered the … Continue reading Photovoltaic and wind energy in the fourth week of October
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QatarEnergy signs agreement with TotalEnergies to partner in 1.25 GW photovoltaic project in Iraq
Pursuant to the terms of the agreement, which is subject to regulatory approvals, QatarEnergy will acquire a 50% interest in the solar photovoltaic project, while TotalEnergies will retain the remaining 50%. QatarEnergy has signed a partnership agreement with TotalEnergies to enter into a solar power project that is part of the Gas Growth Integrated Project … Continue reading QatarEnergy signs agreement with TotalEnergies to partner in 1.25 GW photovoltaic project in Iraq
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Two Reichmuth & Co Infrastructure photovoltaic plants, Trujillo and Picón, receive the UNEF Seal of Excellence in Sustainability
The Trujillo and Picón photovoltaic plants, developed, built and operated by ABEI Energy, become the forty-third project to obtain the UNEF Seal of Excellence for Sustainability, which recognises ground-based solar power plants built with the highest criteria of social and environmental integration. The Trujillo and Picón photovoltaic plants, built and operated by ABEI Energy in … Continue reading Two Reichmuth & Co Infrastructure photovoltaic plants, Trujillo and Picón, receive the UNEF Seal of Excellence in Sustainability
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The turmoil in the US residential photovoltaic market reached new heights this year
The residential solar market’s woes continued into the first half of 2024 as the Federal Reserve delayed the much-anticipated interest rate cut until September. Weak consumer demand, a high cost of capital, and cashflow constraints continue to plague many industry players. While some companies started to experience sales recovery, the impact of the last two … Continue reading The turmoil in the US residential photovoltaic market reached new heights this year
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Spain approves 11 photovoltaic and hybridisation projects for 660 MW in the fourth week of October
The Official State Gazette for the fourth week of October contains announcements corresponding to 11 projects with photovoltaics, and some hybridisation projects with wind and solar thermal.Resolution declaring the public utility for the FV Sancho photovoltaic installation of 137.28 MW, and its evacuation infrastructure, in San Roque and Castellar de la Frontera (Cádiz), promoted by … Continue reading Spain approves 11 photovoltaic and hybridisation projects for 660 MW in the fourth week of October
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