In 2023, solar photovoltaics and wind comprised about 80% of global net generation capacity additions. Four times as much new solar and wind electricity generation capacity was installed in 2023 as compared with all other electricity sources combined.
IEA PVPS has published its new “Snapshot of Global PV Markets 2024” report, highlighting key insights and trends. Despite record installations, concerns over profitability and manufacturing dynamics persist, underscoring the need for strategic interventions and policy support to navigate towards a resilient and sustainable PV ecosystem.
The use of metal-organic frameworks (MOFs) to create nanoscale crystal structures to attract hydrogen molecules could drastically improve the energy efficiency of storing and transporting the energy carrier.
As solar module prices continue to fall, pvXchange.com founder Martin Schachinger explains how price pressure could increase in the weeks and months to come.
In a new weekly update for pv magazine, Solcast, a DNV company, reports that dust storms and slear skies led to contrasting March Solar Performance in West Asia. The Arabian Peninsula experienced humid winds and dust storms that reduced solar irradiance to 90% of typical levels for the month.
As the Australian authorities launch rolling tenders for 32 GW of renewables and storage by 2030, it has become clear that some communities, including locals around pv magazine reporter Bella Peacock’s hometown, have not been brought onside. Heated debate on social media and a frenzy stoked by concerns about the impact on the natural environment are throwing up hurdles for renewables development.
Sinovoltaics analyzed publicly traded inverter producers using a balance sheet-based model and publicly available financial information to track finacial strength over the past three years. The top-five in the first ranking of this type
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 2024 edition of the Middle East’s most important solar event has seen an increasing number of exhibitors and visitors, despite the most sever ever seen in the Emirates during the first day of the tradeshow. The fair has also shown the UAE market keeps being dominated by the large scale PV business.
The agreement is expected to supply electricity to around four million homes, addressing Zambia’s current and future energy needs. The country’s President, Hakainde Hichilema, says this is particularly crucial in the context of current droughts.
The revised guidance for China’s new PV installations came in a week that saw two more solar factories being announced by glass manufacturer Kibing and wafer maker HySolar.
The Irish authorities have presented a new plan to allow homeowners to borrow between €5,000 ($5,350) and €75,000 for up to 10 years, with low interest rates. Heat pumps, solar electricity and solar water heater installations are all eligible under the scheme.
Burundi, the poorest country on earth, is unable to buy fossil fuels on theinternational market due to a lack of hard currency. pv magazine spoke with the United Nations Development Programme (UNDP) and a PV analyst to assess the true potential of PV in the nation’s current energy crisis.
Chemitek has developed new cleaning products for floating PV arrays. The Portuguese company says it has tested and confirmed them to be safe for animals and vegetation around such systems.
French energy giant TotalEnergies has started building an onsite solar-plus-storage system at John F. Kennedy International Airport in New York City. It will provide energy to the Port Authority of New York and New Jersey and Con Edison, as well as community solar for area residents.
Greek renewables developer Elica SA is seeking consultants for two desktop studies related to an electrical interconnection project between Greece and Egypt. The undersea link will transmit green energy to Europe via a 3 GW HDVC connection.
On April 25, 1954, US researchers presented the first prototype of a usable solar module. The efficiency at that time was around 6%. A lot has happened since then.
An international research team has used the convolutional neural network (CNN) deep learning algorithm to identify faults in solar panels. Its work showed the proposed technique has a high degree of accuracy, especially if combined with transfer learning models.
An international research team has proposed using iron oxide and copper oxide to lower photovoltaic-thermal (PVT) solar module temperature. Their analysis showed that the two compounds were able to lower the panels’ operating temperature by 23.49% and 34.58% respectively.
Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have identified a high-energy, high-power hybrid sodium-ion battery capable of charging in just a few seconds. The system integrates anode materials typically used in batteries with cathodes suitable for supercapacitors.
The Chinese manufacturer launched two new module series for utility scale applications. The new products feature a temperature coefficient of -0.24% per C and a bifaciality factor of over 85%.
Dutch module manufacturer Solarge has raised €3 million venture capital from new and existing investors to expand its recently opened facility where it produces lightweight, low carbon, panels for commercial and industrial rooftops.
The US-based company announced plans to wind down its residential solar installation locations and close its direct sales unit.
The South Korean government has announced a new package of measures to support agrivoltaic projects. It says that the agrivoltaics business should be a priority for agricultural companies.
Chinese module manufacturer JinkoSolar has recorded roughly $16.4 billion of revenue and a $1.06 billion net profit for 2023, with PV module shipments reaching 78.52 GW. Its module manufacturing capacity hit 110 GW at the end of December.
Baud Resources, a clean-tech startup, has developed a gravity energy storage mechanism that uses locally available materials such as sand and industrial waste as its payload. The company is building a 100 MWh pilot plant that will reportedly offer a levelized cost of storage of around INR 2.5 ($0.03)/kWh.
Tequs said its new plug-and-play heat pump can deliver up to 90 C of heat for space heating, air conditioning, and domestic hot water. The new product is available in eight versions with capacity ranging from 17 kW to 268 kW.
The Indian authorities say the nation’s latest 10 GWh tender was oversubscribed. It attracted seven bidders, including ACME Cleantech Solutions, Reliance Industries, and Waaree Energies.
The Australian federal government’s initiative to install 400 community batteries across the nation has reached the Australian Capital Territory, with plans for three new battery energy storage systems.
A group of researchers in Iran has analyzed the coefficient of performance and the energy consumption of a solar-assisted heat pumps and an air-source heat pumps and has found that three factors are crucial to determine their annual performance – irradiance changes, ambient temperature, and wind speed.
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