Latest headlines

German, Mexican state banks sign MOU to promote renewable energy

The agreement between Bancomext, KfW and GIZ has a special focus on solar and on financing large solar PV projects.


First ever commercial solar project realized in Laos

Farmer in Laos. Image Wikipedia.

The system was completed by Laos-based Sunlabob Renewable Energy, who has worked on various small-scale systems within the country, and who is in the process of expanding its off-grid electrification program.


TerniEnergia awarded EPC contract for 34 MW solar plant in Zambia

Lusaka, Zambia, at dusk. Image by Rik Dekker.

The Italian smart energy company will be taking care of the EPC activities for the project that was awarded under the World Bank’s “Scaling Solar” program, which saw record low prices for the sale of electricity generated by...


New 50 MW module production facility operational in Kosovo

City center, Pristina, Kosovo.

The facility was developed by German company J. v. G. Thoma and its subsidiary J. v. G. Jaha Energy in Pristina, Kosovo, and will look to supply the growing solar market in the region.


A booming solar equipment market is benefiting German manufacturers

Singulus Technologies Tenuis tool.

A report from the German Engineering Federation shows that incoming orders for PV manufacturing equipment have more than doubled in Germany since the same period last year, which has mainly been driven by an increase in demand...


Inverter shipments to reach 90 GW globally by 2020, says GTM

The latest GTM PV Inverter and MLPE Landscape 2016 report shows how central inverters are set to lose their market dominance over the coming years.

New report suggests that PV inverters and module level power electronics will grow by an average annual rate of 11% between now and 2020, with central inverters set to relinquish market dominance.


El Salvador begins auction process for 170 MW of renewables

The auction will be completed in December. The solicitation plans for a 100 MW block for solar PV and 70 MW for wind.


Saudi Arabia's first global tender seeks 100 MW of solar PV

Solar installation in Saudi Arabia.

The Kingdom is calling on international investors to back two 50 MW PV projects in an inaugural tender by the Saudi Electricity Co. Expressions of interest should be submitted by June 20.


SunPower, Sunverge collaborate on 4 MWh solar+storage project in New York

SunPower will lease its solar rooftop systems to 300 homeowners, while Sunverge's lithim-ion batteries will provide backup power. Con Edison will initially own the storage systems.

Virtual power plant plan will see 300 New York homes fitted with solar panels and battery to create system designed to feed stored energy to grid managed by utility, Con Edison.


IRENA forecasts 59% solar PV price reduction by 2025

Electricity generated by solar PV is likely to be 59% cheaper by 2025, according to an IRENA study.

New report from the International Renewable Energy Agency suggests that the average cost for electricity generated by solar PV could decrease by as much as 59% by 2025 compared to 2015 prices.


Zambia to be home to Africa's cheapest solar

Victoria Falls, Zambia

First Solar, Enel, and Neoen won tenders to develop large-scale solar PV plants in Zambia under the World Bank’s "Scaling Solar" program, with electricity to be sold for as little as 6.02 cents per KWh.


IBC Solar working on five projects in Turkey

IBC Solar construction site in Gaziantep, Turkey.

The German company, who has expanded its business outlook to emerging PV markets, is expanding its position within Turkey, by performing the EPC role on the large-scale projects.


Yingli Q1 profit of $72.8m is first for company since 2011

Yingli solar manufacturing.

Chinese module manufacturer increases revenue, module shipments and gross margin in first quarter of 2016 following concerted effort to supply higher cost markets.


China's NEA releases PV installation target for 2016

China flag. Image by Renato Ganoza

The installation target, released late in the year, limits PV installations to 18.1 GW, however, there are various PV projects that are not included in the target, which could see total installations reach 20 GW and beyond.


German company signs PPA for 100 MW solar plant in Iran

Iran, Qazvin

As excitement builds around the potential PV market in Iran, German consultancy company Planet in Green agreed a 20 year power purchase agreement for a large-scale PV plant near to Tehran.


Solar to account for 30% of all generation capacity investment until 2040

100 MW array in Chile.

A new report by Bloomberg New Energy Finance on the future of energy not only points to solar as the technology that will have the most invested in it, but that costs will fall dramatically over the next 25 years, making it the...


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