Latest markets & trends headlines

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.


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