Renewable energy plus storage auctions to gain traction in India
India Ratings says it expects renewable energy and storage tenders to gain further traction in India in the coming years, given the storage requirement of around 74 GW/411 GWh under National Electricity Plan (2023-32).
PV module prices at crossroads
Martin Schachinger, founder of pvXchange.com, said PV module prices will depend on national and international demand trends in the coming months, with outcomes ranging from increases to stagnation or further declines. Almost anything is possible, but nothing is certain.
Bangladesh launches 500 MW PV tender
The Bangladeshi authorities are seeking proposals to build 10 PV plants with each a capacity of 50 MW across several regions.
Chinese PV Industry Brief: JinkoSolar, TBEA report lower profits
Five major Chinese PV manufacturers issued profit warnings this week.
China hits 277.17 GW of new PV installations in 2024
China’s cumulative installed solar capacity hit 886.66 GW at the end of 2024, with 277.17 GW of new annual installations, up 45.48% year on year. The deployment surge exceeded forecasts, setting a new historical record for PV installations.
Carbon dioxide removal portfolios enable reaching ambitious climate targets
In a new monthly column for pv magazine, the LUT University describes how carbon dioxide removal may support reaching climate targets from a portfolio perspective.
Europe posts record negative power prices for 2024 as renewables rise
The number of periods when day-ahead power prices fell to zero or below hit a record 4,838 instances in Europe in 2024, driven by surging renewables, weak demand, and limited grid flexibility, says Montel Analytics.
US state attorneys general urge Congress to keep IRA clean energy credits
Seventeen US state attorneys general have urged Congress to retain clean energy tax credits, citing the Inflation Reduction Act’s (IRA) “catalytic” effect on economic growth, especially in Republican districts.
The best residential PV system configuration for Saudi Arabia
Researchers in Saudi Arabia have identified the best and optimum PV system configurations for the Saudi residential market. Their analysis investigated the capacity threshold that leads to a lower cost of electricity compared to grid electricity costs. They used NREL’s HOMER software to analyze the energy requirements of the residential units, the solar energy potential and weather characteristics of the selected location, and the financial parameters influencing a project’s profitability.
Malaysia opens bidding for 2 GW of large-scale solar
Malaysia’s Energy Commission has launched an open tender seeking 2 GW of large-scale solar projects, with capacities ranging from 10 MW to 500 MW, to support the nation’s clean energy transition.
