Markets

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.

An African Development Bank (AfDB) report covering critical takeaways from the ARE Energy Access Investment Forum 2023 says that challenges in financing, policy, technology, and skills enhancement must be overcome to support the deployment of distributed renewable energy minigrids across Africa.

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.

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.

London-based Globeleq has acquired a 48.3% stake in the 25 MW 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.