Jinko Solar reports higher sales, profit in Q3
Jinko Solar recorded a higher profit in the third quarter of 2022, as sales of its solar panels surpassed 10 GW. The Chinese PV module manufacturer said it now wants to ramp up production to keep pace with rising global demand.
Globalized supply chains saved $67 billion in solar panel production costs
A new study has calculated that the globalized PV module supply chain has saved billions for PV installers in Germany, the US and China. It also found that if strong nationalistic policies that limit the free flow of talent and capital were implemented going forward, solar panel costs would be 20-25% higher by 2030.
It’s time to combat utility opposition to solar
As part of Aurora Solar’s Empower 2022 online solar summit, Bernadette Del Chiaro, from the California Solar & Storage Association, will moderate a talk about electric utilities and how they have abused their monopoly position to discriminate against solar in the US. Here, she gives pv magazine a taste of the presentation.
African PAYG solar companies have hogged 72% of sector’s investment
The first post-pandemic update on the state of the world’s off-grid solar industry has painted a picture of domination by European companies, but highlighted the potential for new startups in West Africa and an increasing use of PV as a backup to unreliable grid supplies.
Off-grid solar continues to expand
The off-grid solar sector has shown resilience in the face of pandemic-related challenges, with 70 million people gaining access to electricity from early 2020 to the end of 2021. However, the ability to pay for solar energy kits has taken a hit.
Solar could have reduced UK gas reliance, says Carbon Brief
Carbon Brief has estimated that the United Kingdom would have needed to import 20 TWh less natural gas this year if successive Conservative governments had not wound down the rewards for generating solar electricity.
Equity investment to back 150 MW of commercial solar in Africa
Norwegian developer Empower New Energy has secured $74 million of mostly public funds from investors and will top it up to build a $100 million, three-year cash pile.
EU member states could use emergency energy measures to penalize solar
SolarPower Europe has called on EU nations to apply a blanket €0.18 ($0.18)/kWh cap on the revenue generated by low-margin power plants, even though Brussels has given member states the freedom to apply different rates to different types of power plants.
RWE to acquire Con Edison’s clean energy business
RWE has agreed to buy Con Edison’s renewables business for $6.8 billion. The combined portfolio almost doubles RWE’s operating assets in the United States to 7.2 GW, making it the fourth-largest renewables company and the second-largest US solar operator.
Engie, CBEA to build $60 million of minigrid projects in Nigeria
CrossBoundary EnergyAccess Nigeria has committed to invest $60 million in minigrid projects developed by Engie, in the largest such transaction in Africa. The projects will connect more than 150,000 people to electricity for the first time.
