Global solar additions to hit 310 GW in 2024, says IEA
The International Energy Agency (IEA) said in a new report that solar will remain the main source of global renewable capacity expansion in 2023, accounting for 286 GW. In 2024, the figure is set to grow to almost 310 GW, driven by lower module prices, greater uptake of distributed PV systems, and a policy push for large-scale deployment.
Global investment in clean energy nearly doubles that of fossil fuels
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
New mergers, acquisitions in Latin America’s renewable energy market
The data, compiled by iDeals-M&A Community, shows that eight M&A deals were announced last month and 10 in the financing and investment sector. pv magazine publishes the complete list.
Australian state targets 1.5 GW of renewables and storage in latest tender round
As part of its long-term plan to transition from coal-fired power generation to clean energy New South Wales has launched another renewable energy tender seeking at least 950 MW of wind and solar capacity and 550 MW of long-duration storage.
Canadian Solar ships 6.1 GW of modules in Q1
Canadian Solar shipped 6.1 GW of solar panels in the first three months of this year, up 68% from the first quarter of 2022.
Key takeaways from Solar + Storage España
RE+ held the Solar + Storage España event in Barcelona on May 10 and 11, in collaboration with pv magazine. Our team of editors curated and hosted the two-day “Sun of Spain to Lead Europe” conference.
New platform to purchase and sell PV, wind projects in Spain
NTeaser is a new platform that connects developers and investors to sell renewable energy projects and assets without intermediaries.
Bulgaria launches household solar rebate scheme
The Bulgarian Ministry of Energy has announced that a BGN 240 million ($134 million) rebate scheme is now open for applications from households seeking to install solar water heating systems and rooftop PV arrays, potentially coupled with battery energy storage systems.
TotalEnergies potentially interested in acquiring Akuo
A number of entities, including the investment unit of TotalEnergies, are interested in the planned sale of Akuo, according to French media reports.
MPIC becomes largest shareholder of Solar Phillippines
Metro Pacific Investments Corp. (MPIC) has acquired a 42.82% stake in Solar Philippines Nueva Ecija Corp. (SPNEC) for PHP 24 billion ($430.6 million).
