BloombergNEF expects up to 700 GW of new solar in 2025
BloombergNEF says global solar installations could reach 700 GW in 2025, with additions rising to 753 GW in 2026 and 780 GW in 2027.
Bangladesh’s PV tenders fail to attract investors
Bangladesh’s tenders for 41 solar power plants totaling 2.63 GW have failed to draw any bids, as investors are holding back from projects launched between December and January.
Pricing and technology trends for US solar panel resale market
A strong market exists for wholesale secondary market solar modules, says EnergyBin.
Nigeria plans 1.2 GW solar module assembly plant
Nigeria’s Rural Electrification Agency has entered into an agreement with Oando Clean Energy for a 1.2 GW project consisting of an off-grid power plant, mesh electricity generation, interconnected power grid and solar manufacturing power plant. A 600 MW line is scheduled to be rolled out next year.
Guyana opens tender for solar-plus-storage arrays on public buildings
The Guyana Energy Agency is looking for solar installers to transport, deploy and commission solar arrays with accompanying battery storage at selected public buildings located across four regions of the country. The deadline for applications is April 1.
Africa’s solar capacity forecast to double over next four years
A report from the Global Solar Council says Africa’s solar deployment is set to accelerate in the coming years, but stresses that mobilizing finance and strong regulatory frameworks will be required to attract investors.
UK regulator reveals criteria for long-duration storage
Long duration energy storage (LDES) support scheme will have eight-hour minimum. First application round opens to well-established technologies, such as lithium-ion battery technology, with at least 100 MW capacity in April 2025. Flow batteries, compressed air, and liquid air likely to progress in second round, says regulator.
India’s 1.2 GW wind-solar hybrid tender concludes with price of $0.039/kWh
Adani Renewable Energy has secured the largest slice of 600 MW. Other winners include Mahindra Susten (240 MW), Avaada (210 MW) and Sprng Energy (150 MW).
U.S. solar installations forecast to decline 1% annually through next decade
Solar may have had a peak year in 2024, as persistent challenges in interconnection labor and more are forecast to lead to 1% annual declines through 2035, said a report from Wood Mackenzie.
Chinese PV Industry Brief: Huaneng, TBEA announce GW-scale renewables clusters
TBEA says it will invest CNY 10.16 billion ($1.4 billion) in 3 GW of solar and wind projects with storage, backed by equity and syndicated loans, as part of plans to complete the solar plant by 2025 and wind project by 2026.
