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Highlights

The weekend read: The stakes are high for solar and green finance

Despite worldwide net-zero pledges, a new EU sustainable debt taxonomy, an urgent need to address the climate crisis, and record sustainable debt investments, the world still has a long path to tread to meet its climate goals. Next week at pv magazine’s European Roundtables event and in the third quarter of our UP Initiative, we will focus on green finance. Specifically, what steps have been made in the past two years? Will sustainability-linked bonds gain traction? What supporting policies and standards are in place or required? And what can solar companies do to be ESG-ready?

Iran pre-qualifies 85 bidders for 4 GW solar tender

The Iranian authorities will choose development proposals from domestic and foreign investors for solar projects ranging from 10 MW to 250 MW in size. The selected developers will be awarded 20-year power purchase agreements at a fixed tariff.

Novel floating PV system design from Norway

Norwegian scientists have tested a new floating PV system concept at a water reservoir in Sri Lanka. The system is made of composite beams to support the solar panels and high-density polyethylene (HDPE) pipes to provide buoyancy.

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Chinese PV Industry Brief: Polysilicon prices hit high of $41.80/kg

Average polysilicon prices ranged from CNY 273 ($40.82)/kg to CNY 280/kg this week, according to an industry association in China.

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Perovskite solar module march continues with 30-year ‘no thickness’ layers, speed testing

Princeton University researchers have developed a new way to accelerate solar cell longevity testing.

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First Solar bags 2 GW module order in US

National Grid Renewables and First Solar have partnered on multiple projects in the past, including the 200 MW Prairie Wolf Solar Project in Illinois and the 275 MW Noble Solar and 125 MWh Storage Project in Texas.

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Solar partly powering world’s largest reverse osmosis desalination plant

ACWA Power and Emirates Water and Electricity Co. (EWEC) have commissioned the first phase of the Al Taweelah Independent Water Plant in the United Arab Emirates. The facility, which can produce more than 6.4 million cubic meters of water per day, sources some of its power from a nearby solar park.

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Consortium to spend $6 billion on US solar modules

AES, Clearway Energy Group, Cypress Creek Renewables, and D.E. Shaw Renewable Investments have started looking for qualified US manufacturers.

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Solar LCOE may drop to $0.018/kWh in Africa by 2030, says IEA

The International Energy Agency’s latest “Africa Energy Outlook” report says grids will need to be expanded, along with natural gas exploitation, if everyone in Africa is to have access to electricity by 2030. On the solar front, the document predicts a levelized cost of energy of $0.018/kWh to $0.049/kWh by 2030 – cheaper than wind power or gas.

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Italy installed 433 MW of solar in Q1

Italy installed 281 MW more solar in the first three months of the year than it did in the same period a year earlier. Its cumulative capacity surpassed 23 GW by the end of March.

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