Swiss consulting firm Pexapark says European developers signed 13 power purchase agreements (PPAs) totaling 460.4 MW in August, down 62% month on month in terms of capacity. It represents the lowest monthly PPA volume since August 2023.

AleaSoft Energy Forecasting says most major European markets recorded higher electricity prices last week due to lower solar and wind production and despite a drop in gas and CO2 prices.

A coalition of 25 Danish companies has signed a five-year power purchase agreement (PPA) to buy electricity from a new solar project in Denmark. The deal is with electricity supplier Reel Energy and developer Energicenter Nord.

An international research term investigated the feasibility of converting solar energy into chemical energy with the design of a hybrid device featuring a solar energy storage and cooling layer integrated with a silicon-based solar cell. Under testing, the device recorded a record energy storage efficiency and decreased the cell’s surface temperature by approximately 8 C under standard solar irradiation conditions.

A new initiative now allows businesses in Malaysia to purchase green electricity directly from renewable energy developers through the national grid. The country’s Ministry of Energy Transition and Water Transformation (PETRA) estimates that it will generate more than MYR 10 billion ($2.4 billion) in direct investments.

Tokyo-based heavy industry manufacturer IHI Corporation has created a thermal utilization system that can convert surplus direct current power at solar plants into carbon-free steam. A test project that commenced in April has used all generated electricity and is operating stably, the company says.

Figures from the Philippines Department of Energy (DOE) show that 1.98 GW of renewable energy projects are under construction on the archipelago of Visayas, with solar accounting for more than one-third of the capacity.

The International Energy Agency’s (IEA) latest report warns that failing to support integration at the point of deployment could jeopardize up to 15% of solar and wind projects by 2030. This shortfall would reduce their combined share of the global electricity mix by 5%.

The European Commission has given the green light to a €1.2 billion ($1.3 billion) state aid program in Poland that provides direct grants to companies producing solar panels, batteries, heat pumps, and other renewable equipment components.

Cape Verde has inaugurated a 5 MW solar array on Sal Island – its largest PV plant to date, according to the Ministry of Energy and Commerce.