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How the EU Commission envisages gas price caps and profit absorption on the electricity market

European Union energy ministers will meet in a special session in Brussels on Friday to discuss deep cuts to the gas and electricity markets. A non-public paper obtained by pv magazine shows the Commission's proposal, which includes a triad of reduced prices, consumption reduction, and solidarity-based distribution of energy within the EU.
Manufacturing

How long do rooftop residential solar panels last?

Multiple factors affect the productive lifespan of a residential solar panel. In the first part of this series, we look at the solar panels themselves.
Highlights

Adani targets 10 GW of polysilicon-to-solar module capacity by 2025

India’s Adani Solar will expand its PV cell and module manufacturing capacity to 10 GW per year by 2025, with backward integration up to the polysilicon stage.
Announcements

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Installations

Brookfield Renewable acquires Standard Solar, Scout Clean Energy

Brookfield Renewable is set to invest up to $2 billion in Standard Solar and Scout Clean Energy, bringing its development portfolio to 60 GW.
Installations

Emmvee unveils 545 W glass-to-glass bifacial solar module

India-based Emmvee has unveiled its Sapphire line of glass-to-glass bifacial modules, with power outputs ranging from 530 W to 545 W. The modules are built with 144 mono PERC half cells and 10 busbars.
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Highlights

China connects world’s largest redox flow battery system to grid

Dalian Rongke Power has connected a 100 MW redox flow battery storage system to the grid in Dalian, China. It will start operating in mid-October and will eventually be scaled up to 200 MW. The vanadium redox flow battery technology was developed by a di...
Energy Storage

Ørsted, Energy Dome partner on 20 MW/200 MWh of CO2 batteries in Europe

Energy Dome has entered into a partnership with Ørsted to run a feasibility study on the deployment of at least one 20 MW/200 MWh energy storage facility featuring its carbon dioxide (CO2) battery technology. The first facility will have a 10-hour stora...
Electric Vehicles

Toshiba raises efficiency of transparent cuprous oxide solar cell from 8.4% to 9.5%

Toshiba has revealed that it has improved the power conversion efficiency of a transparent cuprous oxide solar cell to 9.5%, from the 8.4% mark it reached in December 2021. It enlarged the cell and suppressed carrier recombination at the edge of the cupr...

Press Releases

Intersect Power Closes $3.1 Billion in Project Financing to Complete Near Term Portfolio Totaling 2.2 GWDC

Intersect Power, LLC, (“Intersect Power” or the “Company”) announced today the closing of an aggregate of $2. 4 billion of new financing commitments and the allocation of $675 million of previously announced commitments for the construction and operations of four solar energy projects totaling approximately 1.

Lightsource bp closes financing on Milagres Solar in Brazil

Lightsource bp has completed R$800 million financing and mobilized full construction on 210MWp solar park in Brazil

CATL and FlexGen Sign 10GWh Multi-Year Battery Energy Storage System Supply Agreement

Announcement follows FlexGen becoming the first U. S.

Sitetracker completes $96M in Series D equity and debt financing to accelerate telecommunications, energy infrastructure deployment

Sitetracker, the leading deployment operations management software for critical infrastructure providers, completed a new round of equity and debt financing totaling $96M, which will enable the company to scale its global capabilities to support renewable energy, 5G, fiber, and telecom digital infrastructure worldwide.  Energize Ventures led a new round of equity funding totaling $66M, and BridgeBank, a subsidiary of Western Alliance, provided a $30M revolving credit facility.

Opinion & Analysis

Featured

Solar energy tax credits are a boon to blockchain technology solutions

The Inflation Reduction Act (IRA), signed into law by US President Joe Biden, represents the single largest investment in clean energy, GHG emissions reduction, and climate resilience in the country's history by providing around US$370 billion for green energy tax credits and other incentives to spur large-scale development of solar energy technologies to electrify the US’s digitization.

A game-changer for PPA markets

Extreme volatility and high prices recorded on energy markets, coupled with inflation, and soaring interest rates are impacting long term power purchase agreements. Still there is a way to the success and signing of contracts.

Solar power plants with smart batteries: It’s just a matter of time

At the end of 2021, the total capacity of the solar power plants throughout the world was estimated to be 940 GW. According to the forecasts of solar association SolarPower Europe, the total capacity could reach 2 TW by 2025. With the rapidly growing popularity of solar power plants, experts predict that the next breakthrough in this sector will be smart batteries. In the future, solar power plants will not be able to operate without them.

Strengthening consumer protection in the off-grid solar industry

Almost half a billion people are served by the off-grid solar industry, and a growing number of these via Pay-as-you-go (PAYGo) asset financing. For many consumers, not only is the solar product their first access to modern energy but it may also be their first access to finance. The impact of this can be huge – the 60 Decibels Energy Benchmark reveals that 92% of consumers report an improvement in quality of life after purchasing their off-grid solar (OGS) product. On the other hand, consumers of OGS are exposed to product, service, and financial risk that companies must mitigate and balance with sustainable growth objectives. 

Why is green energy infrastructure booming despite global economic woes?

The Covid-19 pandemic and resulting economic fallout have had a variety of impacts on the clean energy transition, with some sectors being more affected than others. Earlier this year, the International Energy Agency (IEA) warned of slowed progress towards sustainable energy goals due to Covid-19 and reversed progress in many areas crucial in reaching net zero, such as energy efficiency, clean cooking, or access to electricity. There is one sector, however, that has shown remarkable resilience since the beginning of the pandemic and has been able to maintain, and even accelerate, its rapid growth since 2020: green energy infrastructure.

Europe can compete effectively with Asian solar manufacturers with innovative long-term PV technology solutions

The world’s energy sector is concentrated in solar, wind, electricity transmission/distribution and hydroelectric power. For example, investment in solar power plants alone is higher than investment in natural gas, coal-fired and nuclear power plants combined. This is encouraging, but another fact is worrying: China’s exports of solar modules to Europe in the first four months of 2022 were 2.5 times higher compared to 2021. In April alone, nearly 8 GW of solar modules worth more than €2 billion were imported from China into Europe.

Covid-19

Featured

AfDB announces cheap loans to back off-grid solar in Africa

The African Development Bank has announced that European and US donors will provide $20 million of concessional loans to support pay-as-you-go solar companies in sub-Saharan Africa.

Irena gives latest update on stark chances of electricity access for all by 2030

The International Renewable Energy Agency’s latest annual report on the progress towards UN sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.

Poland prioritizes renewables in pandemic-recovery plans

It should come as no surprise that clean energy spending is a big chunk of Warsaw’s four-year EU grant and loans package, given that the nation’s grid-connected solar capacity rose from 3.99 GW at the end of 2020 to 6.3 GW four months ago, according to the International Renewable Energy Agency.

Irena fleshes out chilling effect of Covid on off-grid solar

The clean power numbers published annually by the International Renewable Energy Agency provide a snapshot of the global solar market and, this year, a lot of figures were unchanged from the previous dataset, especially in the off-grid segment.

Indebted Chinese developer spells out obligations in unaudited figures

Covid-19 has left Shunfeng International’s accountants unable to publish its official 2021 numbers on time, but its estimated figures announced a net current liability of almost $155 million and a “capital deficiency” of near $140 million.

The sun is still shining on poly makers but solar developers struggling in China

Polysilicon maker Xinte is forging ahead with a huge expansion strategy just as solar developers at the opposite end of the industry continue to bleed cash.

Markets & Policy

Featured

PV prices head for a Q3 peak

Global solar demand is projected to hit 240 GW to 270 GW this year, fueled by the accelerated global energy transition. Customs figures show that China exported nearly 89 GW of cells and modules to the world in the first half of 2022. Europe dominated this demand, importing 43 GW and accounting for nearly 50% of the total. InfoLink’s Amy Fang has also observed strong growth in China’s PV market, with distributed-generation projects contributing to 30.9 GW of new installations in the first half of 2022 – a 138% increase compared to the first half of 2021.

Italy allocates 293.7 MW of solar in latest renewables auction

Italy’s energy agency has awarded 293.7 MW of solar capacity at four locations and 119.5 MW of wind in its latest auction. All of the developers offered a maximum discount ranging from 2% to 2.5% off the auction ceiling price of €0.065 ($0.063)/kWh.

Australian state announces world’s ‘biggest pumped hydro scheme’

Annastacia Palaszczuk, the premier of the Australian state of Queensland, has launched a new plan to develop what could be the world’s biggest pumped hydro scheme.

Endurans Solar expands production of Made-in-America solar backsheets

The US Inflation Reduction Act includes more than $60 billion for domestic manufacturing across the clean energy supply chain, incentivizing companies like Endurans Solar to expand domestic production.

Blackstone Capital move for mounting system company under scrutiny

The European Commission’s merger and acquisitions body is running the rule over a plan by New York-based Blackstone Capital to take joint ownership of expansionary Esdec Solar, alongside private equity group Rivean.

Fimer secures €45 million of funds, announces relaunch

Italy’s Fimer has launched proceedings to restructure its debt and is now ready to restart production.

Installations

Featured

Teamwork makes the green work

In May 2018, India’s Ministry of New and Renewable Energy adopted the National Wind-Solar Hybrid Policy. Though paltry when it comes to offering incentives or preferential treatment to solar-wind-hybrid (SWH) projects, the policy aims to enable more SWH projects to efficiently utilize transmission infrastructure and land, as well as reducing variability in renewable generation and thus improving grid stability.

Merger activity heats up in African commercial solar market

Lagos-based Daystar Power is targeting 400 MW of installed generation capacity by 2025, after being acquired by Shell mere days after the Starsight-SolarAfrica merger announcement.

Dutch government asks energy suppliers to adjust billing practices for net metering

Rob Jetten, the Dutch energy minister, said the nation’s energy suppliers should implement billing practices for net-metered solar on a yearly basis, and not on a monthly or quarterly basis.

Hithium unveils 300 Ah battery for rooftop PV applications

Hithium’s new battery has an energy efficiency of 95% and an energy density of 170 Wh/kg. It can purportedly operate for more than 12,000 cycles.

Credence Solar unveils 670 W bifacial solar modules

India’s Credence Solar has unveiled the Quasar-Bi line of bifacial PV modules, with power outputs ranging between 650 W and 670 W. The panels are built with 132 mono PERC half cells and 12 busbars.

Longi announces new 415 W solar panel for residential, commercial applications

Longi unveiled a new 54-cell module at RE+ Anaheim last week, with outputs ranging up to 415 W, and an efficiency rating of 21.3%.

Technology

Featured

Digital finance for direct impact

As finance goes digital, apps and services are helping investors to make easier green investments: solar projects with real carbon savings, cleaner investments, and even direct investment in startups. But can people really make better green investments just from their phone? Tristan Rayner speaks to three different companies looking to make a difference.

New way to produce 3D/2D bilayer perovskite solar cells with 24.5% efficiency

US researchers have discovered an appropriate solvent design for the application of a 2D top layer on a perovskite solar cell. The cells incorporate the stability of 2D perovskite cells and the efficiency of 3D cells without destroying the 3D bottom layer, which brings them closer to commercialization.

Verdagy hits LCOH below $3.00/kg with commercial AEM electrolyzer module

Verdagy has reported a levelized cost of green hydrogen (LCOH) below $3.00/kg for its anion exchange membrane (AEM). The California-based company said it can now launch commercial operations.

Polar Developments launches portable, 84 kWp solar array

Polar Developments revealed its new scalable PV array at the recent AUTOPIA event in Spain.

Jakson reveals plans to manufacture solar cells, electrolyzers

India’s Jakson Green will expand its solar module and cell manufacturing capacity to 2 GW by the end of 2024, CEO Bikesh Ogra told pv magazine this week at the Renewable Energy India Expo 2022. He said the company also has aggressive plans for green hydrogen and ammonia, with a specific focus on distributed generation.

New production process could double wafer throughput to up to 20,000 per hour

Scientists from Germany’s Fraunhofer ISE – together with a consortium of plant manufacturers, metrology companies, and research institutions – have developed a new production line concept for high-efficiency silicon cells, with a throughput of 15,000 to 20,000 wafers per hour – roughly double the usual amount.

Manufacturing

Featured

Loose threads

Material sustainability is fast rising up the solar and energy storage agendas. Increasing amounts of renewables, the electrification of sectors like transport, and a critical supply chain situation are just some of the reasons why. In Q4 2022, the UP Initiative is delving into the world of resources to find out what is being done to address these challenges. Of particular interest are steel, aluminum, glass, and precious metals like silver, copper, and cobalt.

New electroluminescence tech for daily solar module inspections

Enertis Applus+ and the GdS Optronlab Group have developed a system to enable daytime electroluminescence in the inspection of PV modules.

Solinteg unveils single-phase inverters for residential PV

Solinteg’s new inverters have an efficiency of 98.1% and a European efficiency of 97.5%.

‘Made in Brazil’ solar

Sengi Solar announced a BRL 440 million ($85 million) investment earlier this month to set up two solar panel factories in Brazil. The PV manufacturer recently spoke to pv magazine about the incentives that led to the decision, future technological developments, and its path to 100% Brazilian solar manufacturing.

Chinese PV Industry Brief: Trina to build 15 GW solar module factory

Trina Solar plans to build a module factory in Huaian, Anhui province, while polysilicon manufacturer GCL Energy has announced plans to build a manufacturing base in Wuhai, Inner Mongolia.

Trina Solar introduces new TOPCon solar panels

Trina Solar has unveiled its Vertex N solar panels for commercial, industrial and utility-scale projects, and the Vertex S+ modules for residential installations.

Energy Storage

Featured

Acceleration across the EV value chain

Indonesian efforts to reduce reliance on fossil fuels and develop domestic production of battery energy storage materials and components are picking up pace, despite a slow start. And as Sorta Caroline reports, some of the raw materials are in place for success in Southeast Asia.

The Hydrogen Stream: GHD Group, Fraunhofer-Gesellschaft win contract for UAE national hydrogen strategy

Germany made efforts this week to expand hydrogen ties with the Gulf states, and Japan announced plans to team up with several nations to ramp up hydrogen production. ICIS, meanwhile, has started offering Europe’s first market-linked renewable hydrogen assessments.

The mobility rEVolution: Zero-cobalt cathode for highly stable lithium-ion batteries

US researchers say they have developed a way to make cobalt-free lithium-ion battery cathodes, while Ford says it has broken ground on a new $5.6 billion production complex for electric vehicles and batteries.

Spanish gas supplier sets up hydrogen production for heating, residential hot water

Madrileña Red de Gas and Pryconsa are developing a green hydrogen project that will meet the energy needs of 100 homes in Madrid.

Real barriers to virtual power plants

The technology is available for virtual power plants to be rolled out across the United States, argues Jigar Shah, the director of the Department of Energy’s Loan Programs Office. Their implementation could result in a cascade of benefits, including lower electricity costs and wider adoption of distributed energy resources like rooftop PV.

Oz Minerals to build ‘world’s largest’ off-grid hybrid project

Oz Minerals has given the green light to a AUD 1.7 billion ($1.1 billion) copper and nickel project in Western Australia that will be powered by a mix of solar PV and wind generation.

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