Residential PV

A report from Ernst & Young (EY) shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelized cost of electricity (LCOE) for PV is now 29% lower than the cheapest fossil fuel alternative.

The Italia Solare Forum this week in Rome highlighted the renewed importance of the large-scale solar segment in Italy and underscored the huge potential of energy communities, given the EU’s recent approval of a dedicated incentive scheme.

The Solar Energy Industries Association (SEIA) and Wood Mackenzie predict that 33 GW of solar will likely be added in the United States in 2023. Despite economic challenges in the near future, solar is expected to be the largest source of generating capacity by 2050.

Scientists have assessed the performance of Italy’s first publicly funded BIPV project, which was installed in 2001. Their analysis shows that only one of the 10%-efficient panels in the 11 kW array experienced a severe fault that caused the complete loss of functionality.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that North America in November experienced a divide in irradiance patterns across the continent.

Currently, India has an installed solar power of around 73 GW, according to ICRA. New solar capacity additions in fiscal year 2024 and fiscal year 2025 are estimated at 17 GW and 20 GW, respectively.

The Greek government and Masdar have agreed to develop 7 MW of solar on Poros Island as part of the “GR-Eco Islands” initiative. However, the authorities and Abu Dhabi-based renewables developer have not disclosed the project costs.

In the land of a thousand lakes and long, harsh winters, a surprising gold rush is under way – not for precious metals but for sunlight. Finland, often associated with its stunning natural landscapes, has become an unlikely contender in the global renewable energy market, particularly in the realm of solar power.

Minimax’s PVProtect system, which is recognized by German insurers, detects solar panel fires and fights them in their early stages.

Profils Systèmes, a French aluminum carpentry specialist, has developed Wallis&Energy, a new solar veranda that is designed to integrate seamlessly into existing buildings and new structures.