China connects its first large-scale flywheel storage project to grid
The 30 MW plant is the first utility-scale, grid-connected flywheel energy storage project in China and the largest one in the world.
Chinese PV Industry Brief: Aiko Solar, GoodWe, Ginlong Solis post H1 profit declines
Aiko Solar, GoodWe, and Ginlong Solis have all posted declines in net profit for the first half of 2024 due to industry overcapacity.
‘Women have a natural high competence in managing risk’
This week, Women in Solar Europe (WiSEu) gives voice to Ying Zhang, founder of Sweden-based Fenec. She says women should accept their physical disadvantage while exploiting our strength to select roles and responsibilities. “For example, every solar project requires investment analysis and project coordination, where our analytical skills and communication competence can contribute significantly to project success,” she stated.
Typhoon Yagi triggers significant drop in solar production across Southeast Asia
In a new weekly update for pv magazine, Solcast, a DNV company, reports the Typhoon Yagi caused a significant reduction in solar power generation across key cities in Vietnam, China, and the Philippines, with some areas reporting their lowest irradiance days on record for September.
Australia launches multimillion-dollar green hydrogen auction with Germany
Investment confidence in Australia’s green hydrogen industry has received a $660 million boost following a joint declaration with Germany to negotiate supply chains that guarantee European buyers for Australian products.
Taiwan installs 2.7 GW of new solar in 2023
Taiwan’s Ministry of Economic Affairs (MoEA) says the island added 2.7 GW of new solar capacity last year, bringing its total capacity to 12.41 GW by December 2023. Feed-in tariffs for installations up to 100 kW continue to drive the market.
European Investment Bank invests in solar, wind in South Africa
The European Investment Bank (EIB) and Development Bank of Southern Africa (DBSA) are each investing €100 million ($110.8 million) in small- and medium-scale solar and onshore wind projects in South Africa. Together, they have now committed €600 million under South Africa’s Embedded Generation Investment Programme (EGIP).
Amea Power to build 1 GW of solar, 900 MWh of storage in Egypt
Dubai-based developer Amea Power has agreed to build a 1 GW solar plant with a 600 MWh battery energy storage system (BESS) and an additional 300 MWh BESS. This follows the signing of two power purchase agreements (PPAs) with Egyptian Electricity Transmission Co.
India launches 2 GW/8 GWh renewables-plus-storage tender
Solar Energy Corp. of India (SECI) has started accepting bids to set up 2 GW of renewable energy projects backed with energy storage systems for assured peak supply of 8 GWh. Bidding closes on Oct. 14.
Chinese solar module prices fall despite price hikes in upstream segment
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
