DNV forecasts that solar energy in China will account for 38% of the country’s electricity production by 2050, compared to 5% at present, with more than one-third of solar capacity to be combined with storage by the middle of the century.

SkyPower Global has signed a 1 GW solar power purchase agreement (PPA) with a Zambian utility to supply electricity to approximately 4 million homes. Zambian President Hakainde Hichilema hailed the significance of the deal amid ongoing droughts.

Swiss consulting firm Pexapark noted a rise in European power purchase agreement (PPA) prices in March, for the first monthly increase since August 2023. It recorded 18 PPAs in March, totaling 718 MW, with solar accounting for 398 MW across nine deals.

The European Parliament has approved the Net-Zero Industry Act, which now awaits formal adoption by the European Council to become law. The European Solar Manufacturing Council has welcomed the decision, saying that it “gives a green light for procurement of sustainable European-made solar panels.”

The Irish authorities have presented a new plan to allow homeowners to borrow between €5,000 ($5,350) and €75,000 for up to 10 years, with low interest rates. Heat pumps, solar electricity and solar water heater installations are all eligible under the scheme.

Greek renewables developer Elica SA is seeking consultants for two desktop studies related to an electrical interconnection project between Greece and Egypt. The undersea link will transmit green energy to Europe via a 3 GW HDVC connection.

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.

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.

Azerbaijan has revealed plans for its first renewables auction, in order to facilitate the design, financing, construction and operation of a 100 MW solar plant. Applicants can contact the Ministry of Energy from April 30 to participate in the first of two auction stages.