Markets

London-based Globeleq has acquired a 48.3% stake in the 25 MWp Winnergy solar plant in Egypt’s Benban Solar complex. It will now cooperate on the management of assets and the operation of the facility with Egyptian manufacturer GILA Altawakol Electric.

AleaSoft Energy Forecasting recorded electricity price increases in most major European markets during the third week of April. It says prices could continue to increase in the fourth week of April, due to rising electricity demand.

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.

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.

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.

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.

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.

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.

GameChange Solar, a US-based tracker supplier, has announced the construction of a 3 GW tracker factory in Saudi Arabia, with plans for potential expansion to 5 GW in the future.

Azerbaijan has revealed plans for its first renewables auction, in order to facilitate the design, financing, construction and operation of a 100 MW solar plant. Applicants can contact the Ministry of Energy from April 30 to participate in the first of two auction stages.