Solarwatt to close German solar module factory in August
The module manufacturing facility is located in Dresden, eastern Germany, and has an annual capacity of 300 MW.
Hungary awards funding for 440 MW of storage
The Hungarian government has earmarked HUF 62 billion ($169 million) for grid-scale energy storage projects in a bid to facilitate further deployment of renewable energy sources.
Lightsource bp secures financing for 560 MW Greek solar project
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.
EDF, KOWEPO, Masdar to develop 1.5 GW of solar in UAE
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’s new solar additions hit 3.7 GW in Q1
Germany reached 86.2 GW of cumulative installed PV capacity at the end of March 2024.
JinkoSolar reports fire at PV module factory in China
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.
Sungrow posts $1.3 billion profit for 2023
Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, reaching a profit of $1.3 billion.
Singapore developer planning 1 GW of solar in Australia
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.
India overtakes China to become world’s largest electric 3-wheeler market
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).
Australian communities push back against big renewables
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.
