Patrick Jowett
IRENA calls 16.4% annual renewable growth to hit COP28 targets
Statistics from the International Renewable Energy Agency (IRENA) shows that if the world were to continue with a 14% annual growth rate in renewables capacity, as seen in 2023, it will fall 1.5 TW short of meeting deployment targets set at COP28.
Shinsung E&G secures 47 MW module order for floating solar in South Korea
South Korea’s Shinsung E&G says it will supply 47 MW of modules for the country’s first integrated renewable energy complex. It also recently signed an agreement to expand the deployment of rooftop solar in South Korea.
Bifacial PV, single-axis tracking produces cheapest electricity, says IEA-PVPS
The IEA Photovoltaic Power Systems Programme’s (IEA-PVPS) latest factsheet covers bifacial PV modules and advanced tracking systems. It says a combination of bifacial modules with single-axis tracking could increase energy output by up to 35%.
Somalia opens tender for off-grid solar-plus-storage plants
Somalia’s Ministry of Energy and Water Resources has launched a tender for off-grid solar-plus-storage power plants to serve 46 education facilities in the southeast of the country. The deadline for bids is August 1.
Biodiversity expanding at 138 MW solar project in Hungary
Ecological monitoring reveals rising plant and bird species diversity at a 138 MW nature-friendly solar park in Hungary during its first year of operation.
Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan
Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.
Indonesia to permit power wheeling
Indonesia’s new renewable energy bill will include legislation allowing power wheeling, enabling private companies to sell electricity directly to end consumers via networks owned by the state-run electricity company.
German developer to build 135 MW solar park in Denmark
Germany’s Belectric has been chosen to build a 135 MW solar park for NRGi Renewables in Aarhus, Denmark.
Electricity prices fall in most European markets
Electricity prices decreased in all major European markets during the first week of July, except for Italy. Portugal, France, and Italy also set new daily PV production records for a day in July, with Spain hitting an all-time high of 202 GWh.
Denmark approves certification scheme for PtX producers
The Danish Energy Agency says its new certification scheme is a “short-term transitional solution” to launch Power-to-X (PtX) projects this year. It will eventually be replaced with the European Commission’s certification system.
