Key takeaways from Sunrise Arabia 2025
A recent joint event by Solarabic and pv magazine in Riyadh highlighted Saudi Arabia’s rapid push for clean energy and localization, with new factories and large storage projects taking shape.
Amea Power starts building 50 MW of solar in the Ivory Coast
Construction is underway on a 50 MW solar project in northeastern Ivory Coast. It is being implemented by a project company owned entirely by the UAE’s Amea Power.
Brazil installed 269 MWh of energy storage in 2024
Consultancy Greener has estimated the state of Pará offers the most potential for battery rollout because of its high energy tariff. A report issued by the consultant also highlighted the big savings agribusiness could make by using batteries instead of diesel.
Challenges of dismantling abandoned wind and solar farms
Researchers studying decommissioned wind and solar farms in Italy, Spain, Venezuela, and Argentina have found that weak regulations risk leaving more abandoned assets in their wake.
Solar growth drives cross-border cannibalization in Europe, says Enervis
Retail electricity prices in Europe are falling but remain above pre-war levels, according to energy market analyst Enervis. PV capture rates are also dropping sharply, with negative pricing hours expected to persist in the short term.
UK closes in on 18 GW following solar deployment data update
Revised data brings annual PV additions to 1.3 GW for 2024, putting 18 GW of total deployed capacity within touching distance. However, a significant increase in deployment speed is essential to hit UK government clean energy targets for 2030.
Serbia awards 645 MW in second renewables auction
Serbia has allocated 645 MW across 10 wind and solar projects in its second renewables auction, setting average prices at €0.0509 ($0.0533)/kWh for solar and €0.0535/kWh for wind. The government said the rates are well below market levels.
BP slashes renewables investment, seeks new Lightsource BP partner
Oil and gas giant BP wants to sell stake in Lightsource BP just four months after completing full takeover of the renewables developer. New “strategy reset” will also cut company’s investment in energy transition by $5 billion per year.
Pexapark records 25 European PPAs for 790 MW in January
Swiss renewable energy market intelligence provider Pexapark says European developers signed 25 power purchase agreements (PPAs) for a combined 790 MW during the first month of this year.
‘Solar module prices will soon go back to over $0.12/W’
The global solar module industry is expected to regain a sustainable balance in the next six months, Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie, told pv magazine. She explains why solar module prices may increase soon, suggesting that Tier 1 modules prices could reach $0.14-$0.15/W by the end of this year, and discusses how consolidation is materializing within the global PV industry.
