Markets

China Securities has revised its annual guidance for China, predicting up to 280 GW of new PV installations this year, while glass manufacturer Kibing and wafer maker HySolar revealed new solar investment plans.

DNV forecasts that solar energy in China will account for 38% of the country’s electricity production by 2050, compared to 5% at present, with more than one-third of solar capacity to be combined with storage by the middle of the century.

The German parliament has approved “Solarpaket 1,” a policy package that includes higher feed-in tariffs for commercial and industrial (C&I) solar projects and new measures related to the size of eligible installations in large-scale solar auctions.

The 2024 edition of the Middle East’s most important solar event hosted a higher number of exhibitors and visitors, even though the heaviest rainfall seen in decades hit the United Arab Emirates throughout the first day of the trade show. Nonetheless, the event clearly showed that large-scale PV projects still dominate in the UAE market.

In another article of a series, Women in Solar Europe (WiSEu) gives voice to Claire Gardner, Marketing Manager Europe at Chinese inverter manufacturer Solis. She tells how she had to deal with her own insecurities rather than with a women-hostile environment at the beginning of her career in the renewable energy industry.

SkyPower Global has signed a 1 GW solar power purchase agreement (PPA) with a Zambian utility to supply electricity to approximately 4 million homes. Zambian President Hakainde Hichilema hailed the significance of the deal amid ongoing droughts.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that warm sea surface temperatures and disturbances increased onshore moisture along China’s southern coast, which in turn increased solar irradiance by 5-15% on long term averages.

Swiss consulting firm Pexapark noted a rise in European power purchase agreement (PPA) prices in March, for the first monthly increase since August 2023. It recorded 18 PPAs in March, totaling 718 MW, with solar accounting for 398 MW across nine deals.

The International Energy Agency (IEA) has issued its first report on the importance of battery energy storage technology in the energy transition. It has found that tripling renewable energy capacity by 2030 would require 1,500 GW of battery storage.

OCI has revealed plans to invest $617.9 million to expand production at its Malaysian manufacturing facility from 35,000 to 56,600 metric tons.