U.S. residential solar prices hovering near all-time low
Average home solar prices are $2.69 per watt, said EnergySage.
UK think tank predicts 593 GW of new global PV installations for 2024
UK-based energy think tank Ember says it expects 593 GW of solar to be added throughout the world this year – 29% more than in 2023. It says 292 GW were installed by the end of July.
GE Vernova releases 2,000 V (DC) utility-scale inverter
GE Vernova has developed a 2,000 V (DC) utility-scale inverter, to be used in a North American pilot operation starting in early 2025. The inverter offers up to 6.0 MVA of output power.
EDF, Masdar secure financing for 1.5 GW of solar near Abu Dhabi
EDF Renewables, Korea Western Power Co. (Kowepo), and Masdar have secured financing to build a 1.5 GW solar plant near Abu Dhabi, backed by a 30-year power purchase agreement (PPA) with Emirates Water and Electricity Co.
World now has five times more PV than nuclear power
Authors of the World Nuclear Industry Status Report 2024 the world had 408 operational reactors producing 367 GW in the middle of the year, which is significantly less than installed capacity predictions for solar by the end of the year and five time less the world’s cumulative PV capacity, which is now approaching 2 TW.
Rooftop PV systems explode in several parts of Beirut
A number of solar arrays were reportedly involved in a second wave of electronic-device explosions across Lebanon yesterday, resulting in numerous injuries and deaths. On Tuesday, an initial series of blasts triggered by pagers targeted members of the Hezbollah militant group, but also affected civilians.
Dandelion unveils residential geothermal heat pump with coefficient of performance of 5.2
The novel heat pump can reportedly heat air to up to 49 C. Its full-load heating capacity is of up to 63,000 Btu/hour.
Madrid’s residential solar self-consumption rates hit 30% to 70%
Researchers in Spain have calculated the potential self-sufficiency of rooftop solar in eight districts of Madrid, Spain. They have found that single-family homes can achieve self-sufficiency rates of more than 70%, while urban areas with high-rise buildings reach 30%.
New model for offshore floating PV system design
Researchers at TU Delft modelled a variety of offshore floating PV structures to uncover the design parameters that affect durability and yield..
Banking on batteries in Chile
The Chilean solar market is booming but as curtailment grows, a hybrid approach to generation is gaining ground. Storage project announcements are coming thick and fast as co-location with wind turbines offers cost efficiency and a smoother generation profile. Meanwhile, new capacity mechanism rules could take Chile one step closer to runaway battery growth.
