Global average solar LCOE stood at $0.044/kWh in 2023, says IRENA
The International Renewable Energy Agency (IRENA) says the result represents a 12% year-on-year decline. The figure has fallen 90% since the start of 2010.
Southern U.S. solar soars in August while Northeast falls behind
In a new weekly update for pv magazine, Solcast, a DNV company, reports that August was an extraordinary month for solar energy production in the Southeastern states, while regions like the Midwest and Northeast experienced cloudier conditions and lower irradiance.
Soltec enters pre-insolvency as Spanish regulator halts trading of shares
Soltec has entered pre-insolvency proceedings to negotiate with creditors, and Spain’s National Securities Market Commission (CNMV) has suspended trading of its shares until it releases its first-half 2024 financial results.
Standalone PV-hydrogen-battery system for EV charging
Researchers in Pakistan have tested several configurations of an offgrid PV-hydrogen system intended to power EV chargers. The system achieved the lowest levelized cost of electricity when it was combined with battery storage.
US electricity generation rises, led by solar
In 2024, the US power grid’s electricity generation increased by more than 109 TWh through the end of July, marking 4.5% growth. This surge was led by a 52 TWh increase in methane generation, while solar power contributed an additional 36 TWh.
Solar hits 21.1% of El Salvador’s electricity mix with 633 MW
El Salvador’s General Superintendent of Electricity and Telecommunications (SIGET) says solar now accounts for 21.1% of the nation’s electricity mix, with total installed PV capacity reaching 633 MW by the end of 2023.
Solar-plus-storage dominates future US power grid
A new report from the US Department of Energy’s (DoE) Lawrence Berkeley National Laboratory shows a major expansion of solar-plus-storage facilities in the US power plant market.
Saipem unveils offshore floating PV platform
Saipem, an Italian oilfield services provider, has developed an offshore floating PV platform in collaboration with its Norwegian unit, Moss Maritime.
Italy deploys 4.2 GW of solar in January-August period
Italy deployed 4.2 GW of solar capacity and 260,000 new PV systems from January to August.
Spain sets new 2030 solar target of 76 GW
The Spanish government has set a new 2030 solar target of 76 GW in an energy strategy submitted to the European Commission. It aims to cover over 80% of national electricity demand with renewable energy.
