Europe’s solar, storage markets on stable path, says Sungrow executive
Yang Meng, Sungrow’s director of distribution in Europe, says that despite signs of slowing demand in parts of the residential segment, Europe’s overall solar and storage markets are on a stable path, with potential for growth in the commercial and industrial storage space.
Chinese researchers build heterojunction silicon solar cell with MXene-based hole transport layer
A research group including scientists from Chinese module maker Longi has developed an undoped monocrystalline heterojunction cell that uses the promising MXene compound for the hole transport layer. The experimental device achieved an efficiency of 12.2% and was able to retain around 86% of its initial efficiency after 105-day exposure in ambient environment.
Peru records 115.5 MW of new solar in H1
Peru’s Ministry of Energy and Mines (MINEM) says the country installed 115.5 MW of new solar capacity in the first half of 2024, bringing the nation’s total installed PV capacity to around 400 MW.
German authorities arrest Solar Fabrik CEO
The German police have arrested Christian L, the CEO of German solar manufacturer Solar Fabrik, in relation to an investigation by the Würzburg public prosecutor over alleged customs violations by PV wholesaler ESC Verwaltungs GmbH & Co.KG during the minimum import price period for Chinese solar modules.
Jupiter International secures $36 million to expand solar manufacturing
Jupiter International has obtained $36 million to expand its PV manufacturing operations, including the construction of a 1.8 GW solar cell facility, as well as a joint venture with AmpIn Energy for 1.2 GW of integrated solar cell and module capacity each.
ILB Group to acquire Malaysian solar business, assets
Malaysia’s ILB Group Bhd is acquiring Armani Sinar and its solar assets for MYR 98 million ($21 million) in cash. This deal will increase its PV capacity from 13 MW to 30 MW.
S&P Global launches daily spot market price assessment for solar panels
The tool has been billed as the world’s first independent daily spot market price assessment for solar panels. S&P Global says it has been launched to aid transparency in technology pricing as solar modules become increasingly commoditized.
Solar module prices rising in Brazil
Despite global overcapacity, several factors may contribute to a slight increase in solar panel prices in Brazil, with shipping costs and quotas for fiscal exemptions on imported PV modules playing a key role.
Indonesian utility plans 500 MW solar project in Bangladesh
Indonesia’s Pertamina Power has revealed plans to build a 500 MW solar project in Bangladesh.
Fronius to cut 650 jobs
Austrian inverter maker Fronius has cut another 650 jobs due to high inverter inventories and no expected upturn.
