About 46% of all new generating capacity in the United States is expected to be PV this year, giving it the largest share of the new US generation mix.
Indian ratings agency ICRA expects the solar boost based on the backlog of PV projects awarded by central and state electric utilities.
The Brazilian authorities have introduced new rules to ensure that PV systems below 5 MW in size will still be eligible for net metering tariffs until 2045. A grid fee for prosumers will go into effect from 2023, but the economic profitability of rooftop PV and small solar parks is expected to remain high.
South Korea’s cumulative installed PV capacity hit 22 GW at the end of 2021, according to provisional figures from the Korea Energy Agency.
The New York Governor’s Office has submitted its financial proposal for 4 GW of distributed solar capacity by the year 2030, at an expected cost of $0.00082/kW.
Deployment in the building integrated PV segment is accelerating, and so too are the number of solar products available to architects and developers. And while BIPV had long been the segment in which an array of thin-film technologies could shine, they are now in increasingly stiff competition with crystalline silicon rivals.
In other news, Oil India is setting up a 100 kW green hydrogen production facility in Assam, while the German government is providing €60 million for a project aimed at preparing electrolyzer technologies for industrial production at gigawatt scale.
Solar manufacturer JinkoSolar announced on Wednesday that its 8 GW TOPCon cell factory in the Anhui Province has started manufacturing activities. Polysilicon supplier and solar cell maker Tongwei announced on Thursday it expects to achieve a net profit of up to RMB 8.5 billion ($1.33 billion) with a YoY increase of around 136%.
The second phase of the Green Energy Corridor (GEC) scheme for the Intra-State Transmission System will facilitate grid integration and power evacuation of approximately 20 GW of renewable energy power projects in Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu, and Uttar Pradesh.
A new solar project has been switched on in Penonomé, in the province of Coclé, Panama. It was built with 450,000 solar panels and 89 inverters.
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