Global solar module prices stable-to-firm as markets wind down for year end
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
China Huaneng secures $2.1 billion equity boost for renewables expansion
China Huaneng Group has obtained CNY 15 billion ($2.1 billion) in equity financing for its renewable energy subsidiary, Huaneng Renewables, from five major state-owned entities. The deal, the largest renewable equity financing transaction of 2024, will reduce financial pressures for Huaneng Renewables and support its wind and solar projects.
Christmas Day forecast delivers solar surprises for some
In a new weekly update for pv magazine, Solcast, a DNV company, reports that, while much of the Americas will see cloudier weather than normal for the season, particularly in the eastern United States and parts of central Brazil, Europe’s solar outlook is split with high pressure over central regions bringing clearer skies to the Iberian Peninsula. Across Asia, cloud cover is expected for India and the Far East, while Australia’s northern and eastern regions are likely to enjoy abundant sunshine.
Scientist develops machine-learning method to identify faulty solar panels
A scientist in Sweden has developed a new hybrid local features-based method using thermographs to identify faulty solar panels.
Australian water-based battery developer wins state grant for prototype
Allegro Energy has secured a AUD 2.1 million ($1.3 million) grant from the New South Wales state government to develop an Australian-made, water-based battery prototype capable of storing energy for more than 10 hours.
Sonnedix secures €3.25 billion in refinancing for renewables portfolio
Sonnedix has secured €3.25 billion ($3.38 billion) through two refinancing transactions. The renewable energy producer says the transactions will be instrumental in accelerating the growth of its pipeline across Europe.
Pexapark records 18 European PPAs for 1,054 MW in November
Pexapark, a Swiss renewable energy market intelligence provider, says European developers signed 18 power purchase agreements (PPAs) totaling 1,054 MW in November.
UK adds 1.2 GW solar in 12 months, step change needed to hit 2030 target
Government solar capacity figures reveal 2024 additions down on same period in 2023, well below pace required to achieve 45 GW targeted for 2030. Small-scale installations dominate with greater capacity additions needed to achieve clean power goals.
Polish capacity market auction for 2029 catalyzes gigawatts of battery storage
The much-anticipated capacity market auction for 2029 conducted by Polskie Sieci Elektroenergetyczne (PSE) ended in the seventh round with a price of PLN 264.90 ($62.12)/kW per year. Such a clearing price rendered gas projects uneconomical and left significant room for battery storage systems to secure contracts.
Qcells hits 28.6% efficiency with scalable perovskite-silicon solar cell
South Korea-based solar module manufacturer Qcells has set a new efficiency world record for a commercially scalable perovskite-silicon tandem solar cell, produced at its pilot line in Germany.
