Sonnenwagen Aachen, a student team from RWTH Aachen University in Germany, secured second and third place at the iLumen European Solar Challenge 2024, sharing the podium with Belgium’s KU Leuven team, which took first place.
Verano Energy, a renewables developer headquartered in Chile, has started building a 200 MW solar project in western Argentina. The installation is due for completion and connection before the end of 2025.
Scientists created a model to study bifacial PV thermal (BPVT) solar panels using jet impingement and built an experimental setup to validate it. They achieved a thermal efficiency of 62.28%, while electrical efficiency peaked at 11.22%.
State Grid Turpan Power Supply Co. says it has completed the first phase of a 1 GW hybrid solar-thermal energy storage project in western China. It is set to generate more than 2,000 GWh per year.
Government data records 17.1 GW of deployed solar capacity in the United Kingdom at the end of September 2024. New domestic installations are down on the same period in 2023, however, a growing pipeline of major projects with planning consent points to significant capacity gains in the future.
Despite the ongoing implementation of industrial strategies in other countries, the value of China’s exports will exceed $340 billion by 2035, according to the International Energy Agency.
NTPC Ltd. has started accepting bids from hybrid power generators for 1.2 GW of capacity from wind-solar hybrid projects. The company also has a greenshoe option for an additional 600 MW of capacity.
Origin Energy has started building the second stage of its AUS 450 million ($295.7 million), 240 MW/1,030 MWh four-hour duration battery at the Eraring Power Station, 120 km north of Sydney, Australia.
First Solar fell short of third-quarter revenue expectations, lowering its 2025 guidance. The US thin-film solar manufacturer cited slower project execution as a factor affecting revenue.
The International Energy Agency’s (IEA) latest report, which maps out the future evolution of clean energy manufacturing, says the combined global market for PV, wind turbines, electric cars, batteries, electrolyzers, and heat pumps will rise from $700 billion in 2023 to more than $2 trillion by 2035.
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