Markets

Since 1993, the World Energy Outlook (WEO) of the International Energy Agency (IEA) has been an authoritative report on energy statistics and guiding future energy supply and demand developments. An examination of these reports, however, indicates that even the most progressive of WEO scenarios has vastly underestimated the growth of renewable energy technologies, especially solar PV.

Meyer Burger has posted a CHF 210.4 million ($256.7 million) EBITDA loss for fiscal 2024, on sales of approximately €75 million. The Swiss PV manufacturer says its future is “highly uncertain” as it seeks new financing and works on restructuring plans to remain operational.

This week, Women in Solar Europe (WiSEu) gives voice to Rachele De Angelis, European Affair Officer at Italy’s Enel. She says bringing fresh ideas from new academic backgrounds and early career experiences can help companies achieve transformative insights. “These perspectives can challenge old assumptions and generate more creative and inclusive solutions,” she states.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that irradiance across England, the Benelux region, Denmark, northern France, northern Germany, and northern Poland surged well above long-term March averages. In the UK, aggregated solar irradiance reached its highest March value since 2014.

Solar Stack has launched two US-made, adhesive-based conduit mounts that eliminate the need for roof penetrations in solar installations.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, FOB China TOPCon below 450 W modules for spot loading were stable at $0.093/W, with price indications between $0.087-0.100/W. Furthermore, it reveals that current price increases are not being uniformly adopted across all Chinese manufacturers, with significant price differences—often several euro cents— being observed between the Top 5 and Top 10 manufacturers.

Colombia’s energy regulator has approved new regulations allowing the creation of energy communities, aiming to add at least 1 GW of renewable capacity to the national grid.

This expansion comes at a critical time for the U.S. solar industry with much uncertainty around supply chains and pressure to increase domestic output.

Moldova is expected to launch a new tender for the construction of large renewable energy parks colocated with battery energy storage systems in October.

ContourGlobal’s site features six-hour storage capacity alongside 221 MW of solar generation capacity. It is located in northern Chile and is part of a portfolio acquired from Spain’s Grenergy last year.