German financial regulator to audit Baywa’s 2023 annual report
The German Financial Supervisory Authority (BaFin) has announced an audit of BayWa AG’s 2023 annual report, citing specific evidence of potential accounting inaccuracies. For the first nine months of this year, BayWa’s records indicate €16 billion ($16.9 billion) in sales and a €77.6 million loss in earnings before interest and taxes (EBIT).
‘Typhoon-resistant’ offshore PV project nears completion in China
China Three Gorges Corp. has nearly completed a 180 MW offshore solar plant, designed for typhoon resistance, off the coast of China.
Tata Power unit commissions 126 MW of floating solar in India
Tata Power Renewable Energy has completed a 126 MW floating PV array in Omkareshwar, India. The installation features 213,460 bifacial glass-to-glass modules.
European electricity prices continue to rise
AleaSoft Energy Forecasting says weekly average electricity prices were above €110 ($116.05)/MWh in all major electricity markets last week, bar the Nordic market. The increase came as most analyzed markets reached their highest hourly price recorded so far this year.
France allocates 948.3 MW in ground-mounted PV tender
The French government has awarded 120 projects at an average price of €0.07928 ($0.0355)/kWh in its latest ground-mounted PV tender.
Solar stocks plummet, market is ‘wildly emotional’ about Trump
Solar stocks have fallen since Donald Trump’s election, but Sunnova CEO John Berger says the market is misjudging the strength of the industry under the new administration.
Cape Verde runs tender for 10 MW of solar
Cape Verde’s Ministry of Industry, Commerce and Energy of Cape Verde is seeking expressions of interest from engineering, procurement and construction (EPC) companies to develop 10 MW of solar on the country’s largest island. The deadline for applications is Nov. 28.
KRICT sets world record with 20.6% efficiency for large-area perovskite cells
The Korea Research Institute of Chemical Technology (KRICT) has set a world record for power conversion efficiency at 20.6% for large-area perovskite solar cells exceeding 200 cm². The result, confirmed by Germany’s Fraunhofer Institute for Solar Energy Systems ISE (Fraunhofer ISE), marks a significant milestone in solar cell technology.
Australia hits 4 million rooftop PV installations, reaching 25 GW of capacity
Australia has recorded its 4 millionth rooftop solar installation, maintaining its status as a world leader with 25 GW of total capacity, surpassing the amount of nationwide coal generation.
Digital twin for autonomous aerial monitoring of PV power plants
An international research team has created a digital twin that purportedly enables analysis of different scenarios on PV plants’ aerial monitoring. The new tool is claimed to reduce the risk associated with real-world experimentation and help identify the most effective strategies to improve PV system monitoring.
