Investment totaling €315.35 million ($337.8 million), consisting of funds from Eurobank and the Recovery and Resilience Fund Greece 2.0, will allow UK developer Lightsource bp to begin developing a 560 MW solar project located in the east of mainland Greece.
France’s EDF Renewables, South Korea’s Korea Western Power Co. (KOWEPO), and Abu Dhabi Future Energy Co. (Masdar) have agreed to jointly design, finance, build and operate a 1.5 GW solar project in the United Arab Emirates, under a power purchase agreement (PPA) with Emirates Water and Electricity Co. (EWEC).
Germany reached 86.2 GW of cumulative installed PV capacity at the end of March 2024.
Chinese module maker JinkoSolar says a fire broke out at its integrated module manufacturing facility in Taiyuan, China’s Shanxi province. It says the incident could affect its 2024 annual results.
Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, reaching a profit of $1.3 billion.
The renewables arm of Singapore-based fund manager Cambridge RE Partners has unveiled plans for its first Australian project. It has submitted a development application to establish a 300 MW solar farm in northern Queensland.
Sales of electric three-wheelers (e-3W) in India surpassed 580,000 units in 2023, compared to 320,000 vehicles sold in China, according to the International Energy Agency (IEA).
As the Australian authorities launch rolling tenders for 32 GW of renewables and storage by 2030, it has become clear that some communities, including locals around pv magazine reporter Bella Peacock’s hometown, have not been brought onside. Heated debate on social media and a frenzy stoked by concerns about the impact on the natural environment are throwing up hurdles for renewables development.
China Securities has revised its annual guidance for China, predicting up to 280 GW of new PV installations this year, while glass manufacturer Kibing and wafer maker HySolar revealed new solar investment plans.
DNV forecasts that solar energy in China will account for 38% of the country’s electricity production by 2050, compared to 5% at present, with more than one-third of solar capacity to be combined with storage by the middle of the century.
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