Electricity prices decrease in most European markets
Prices in the majority of major European electricity markets fell during the first week of May, according to analysis from AleaSoft Energy Forecasting. The exception was in the Iberian market of Portugal and Spain, but prices remain lower there than anywhere else.
Tigo introduces power electronics supporting solar modules up to 800 W
The new MLPE from Tigo is designed to support commercial and industrial as well as utility-scale solar projects.
Solar panels for large-scale PV selling for €0.10/W in Spain
Spanish developer Solaria says it bought 435 MW of solar modules from an undisclosed supplier for €0.091 ($0.09)/W. Kiwa PI Berlin confirms that average solar module prices for large-scale PV projects in Spain are now around €0.10/W.
Malaysian government launches incentive scheme for residential solar
The Ministry of Energy Transition and Water Transformation in Malaysia is teaming up with private and public partners in the country to offer citizens financial incentives and discounts when adopting solar. It follows a government rebate scheme introduced in April.
Japan allocates 1.09 GW of storage in capacity auction
The Japanese authorities selected 30 battery storage projects in the procurement exercise. The selected developers and plant owners will be awarded a 20-year fixed revenue.
Longi’s solar module shipments hit 67.5 GW in 2023
Longi recorded 67.5 GW of solar module shipments in 2023, according to its latest financial results. The Chinese module maker reported revenue of $17.9 billion and a net profit of $1.49 billion for the year.
Longi announces 27.30% efficiency for heterojunction back contact solar cell
The Chinese module manufacturer said the new efficiency record was confirmed by Germany’s Institute for Solar Energy Research (ISFH).
India’s first utility-scale, standalone storage project gets regulatory nod
BSES Rajdhani Power’s new 20 MW/ 40 MWh project is India’s first utility-scale, standalone battery energy storage system to secure regulatory approval under Section 63 of the Indian Electricity Act, 2003. The project is supported by a concessional loan from the Global Energy Alliance for People and Planet (GEAPP).
Buildings can offer gigawatts of new peak capacity as ‘batteries’
Modeling shows that shifting just one-third of the electricity consumption of commercial and institutional buildings in Australia to the middle of the day, coinciding with peak solar supply, would create almost 12 GW of new peak capacity in the National Electricity Market.
Egyptian utility launches tender for 8.2 MW solar-plus-storage project
State-owned utility Egyptian Electricity Holding Company is requesting expressions of interest for the design, building and operation of a 8.2 MW solar plant and 2 MW/4MWh battery energy storage system, located at the site of an existing microgrid in western Egypt.
