Watch: Industry leaders on how distributed solar solves the U.S. power crisis
The finale of pv magazine USA Week 2025 promises an in-depth exploration of the most immediate, versatile solution to America’s escalating energy demands and rising electricity rates: distributed energy.
Key takeaways from RE-Source 2025: Complexity grows in PPA market
After a record year, the European power purchase agreement (PPA) market has declined sharply. At an industry gathering this week in Amsterdam, participants highlighted rising PPA complexity and potential solutions, including how to handle negative prices in solar PPAs and the move toward hybrid PPAs with battery storage.
IFC plans investment in 97 Nigerian minigrids
International Finance Corp. (IFC) plans up to $16 million in financing for Nigerian developer Virtuitis to build and operate 97 solar minigrids, connecting more than 140,000 off-grid consumers by 2027.
Uzbekistan expands solar home subsidy uptake to over 35,000 households
More than 35,000 households in Uzbekistan received state subsidies for exporting surplus electricity from rooftop solar systems between January and September, says the State Tax Committee, as participation in the Solar Home program accelerates nationwide.
European PPAs held back by diverging price expectations, says Pexapark
Pexapark has attributed a slowdown in the number of power purchase agreements (PPAs) signed across most of Europe’s leading markets to a lack of pricing consensus between buyers and sellers.
Ghana, Switzerland partner on $200 million rooftop solar rollout
Ghana’s new clean energy program, backed by Switzerland’s Klik Foundation, will install 4,000 rooftop systems totaling 137 MW to expand renewable capacity and cut emissions.
Meralco increases stake in Philippine’s largest solar developer
Manila Electric Company (Meralco), via its subsidary MGen Renewable Energy Inc, has increased its stake in SP New Energy Corporation (SPNEC) after the transfer of 10.8 billion exchangeable shares in a deal valued at PHP 13.76 billion ($233.5 million). The company is working on the world’s largest solar-plus-storage project currently under development.
EBRD invests in 1 GW of solar, 1.3 GWh of storage in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) is providing $142 million in financing to two ACWA Power-led solar-plus-storage projects in central Uzbekistan.
Saudi Arabia awards 3 GW of solar in sixth renewables tender round
Saudi Power Procurement Co. (SPPC) has concluded the sixth phase of the country’s National Renewable Energy Program by awarding four solar projects and one wind farm. They include the 1.4 GW Najran solar site, which has the second-lowest levelized cost of electricity (LCOE) for solar energy to date.
Hybrid PPA model improves PV-BESS bankability, say researchers
Researchers have modeled a hybrid financing scheme combining contracted and merchant components to improve the bankability of PV-battery energy storage system (PV-BESS) assets, using a Bayesian LSTM forecast integrated with a MILP optimization model to assess performance.
