Latest headlines

IDB finances 54 MW merchant solar project in Chile

Solairedirect’s project is one of the few merchant solar projects to be built to date.


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.


Electrovaya to supply EUR199 million worth of battery modules for residential energy storage

Battery storage technology. Images Mirco Sieg.

The Canada-based company announced the signing of a Letter of Intent with a “major Original Equipment Manufacturer” for delivery of its lithium-ion battery modules, as the market heats up.


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.


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.


SolarWorld ramps 72-cell module production in Oregon

The German-American PV maker has now reached 550 MW of annual module capacity at its facility near Portland, Oregon, and has additionally begun production of 5-busbar cells and monocrystalline silicon ingots.


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...


Major Swedish parties agree to 100% renewable goal by 2040

Sweden flag

The five parties, including the coalition government, have agreed on a policy framework for long term future of the country's power generation, which includes the ambitious target of being 100% renewable by 2040.


Energy storage market to grow to USD250 billion by 2040

Battery energy storage unit

This is the forecast in Bloomberg New Energy Finance’s New Energy Outlook 2016 report, which expects to see the price for energy storage systems significantly drop, as batteries will help to wean power dependency away from...


ABB connects mega 648 MW PV plant to India’s grid

Tamil Nadu, India. Image Wikipedia Planemad

The huge plant – the largest of its kind in the world – was connected by ABB, after the Swiss company was awarded the project by Adani Group, who is currently making a number of moves in the thriving Indian PV market.


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