Utility Scale PV

TCL Zhonghuan has reported a net loss of CNY 2.998 billion ($420 million) for the third quarter of 2024, while Hunan Huamin Holdings posted a CNY 187.5 million loss, and Maxwell Technologies disclosed a modest rise in net profit for the July-September period.

The Ballinknockane solar farm, awarded to Neoen through the RESS 2 tender in 2022, will be connected to the high-voltage grid in County Limerick and will benefit from a contract for difference mechanism valid until 2040. Neoen announced construction of the plant with the signing of two turnkey EPC contracts with Vinci brand Omexom for the solar facility and TLI Group for the site’s 110 kV substation.

The transaction, consisting of equity and convertible bonds, will cover Italy, Germany, France, Spain, Portugal, Poland and Croatia. RP Global aims to commission 2.5 GWp of renewable power in the next five years.

Solarcentury Africa’s 20 MW merchant solar project in northeastern Namibia has reached financial close. Once complete, the project will sell all its power on the South African Power Pool.

Following Ireland’s most recent renewables auction finalized in late September, the average final price for PV was €0.10476 ($0.12)/kWh, which just a 4% decrease compared to 2023’s auction. pv magazine has spoken with the government, the local PV association and several market operators to understand the reasons behind final high prices.

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are funding a 99 MW solar project in southwestern Croatia with a total investment of €62 million ($67.2 million). Construction will begin next year, and commissioning is set for 2026.

The Spanish company said that its new tracker “is designed for maximum adaptability to any terrain.” It works with all PV modules.

A group of researchers have investigated the influence of the regulatory framework on supporting the expansion of ground-mounted PV plants close to transport routes as railways, highway and federal roads in Germany. Their analysis showed that most of the PV systems installed next to these routes are located on what was once agricultural land.

Statkraft says it is progressing with its 200 MW electrolysis plant in Germany, while Neste says it will not invest in its 120 MW electrolyzer project in Finland.

In a new weekly update for pv magazine, Solcast, a DNV company, forecasts drier and sunnier conditions in the forthcoming winter across key solar areas in the southern United States, Mexico and Brazil, driven by borderline La Niña conditions.