Zimbabwe plans 600 MW floating PV project
Government officials in Zimbabwe have said work on a 600 MW floating solar project on Lake Kariba, the world’s largest artificial lake by volume, will be begin next year, starting with an initial 150 MW phase.
EU shift to 15-minute trading supports battery storage profits, says Rystad
Europe’s move to 15-minute spot-market intervals, effective Oct. 1, is altering the economics of battery storage, with Rystad Energy estimating that battery energy storage systems (BESS) profits in some countries have increased by more than 20%.
Beijing group creates official entity to guide China’s polysilicon capacity
Industry analysts say a new Beijing-based coordination platform created by China’s top polysilicon producers signals a turn toward managed capacity, as the sector tries to halt a steep price slide and mounting consolidation pressures.
India’s Waaree Energies posts monthly solar module output above 1 GW
Waaree Energies says its record November output underscores the scale and reliability of India’s expanding solar manufacturing base as global demand intensifies.
California study finds electrification can ease electric rate pressures
A new analysis from the Public Advocates Office of the California Public Utilities Commission (CPUC) says large-scale adoption of electric vehicles and heat pumps could moderate rate increases if grid upgrades are delivered efficiently.
European Commission publishes new grid rules and plans to accelerate interconnection projects
The European Union’s executive body sets out plan to more closely link the energy systems of EU member states, including commitment to fast-track key interconnector projects. Proposals have been welcomed by leading solar and energy storage trade bodies. The move comes as several EU nations lag 15% interconnection target set for 2030.
GCL Technology forms $287 million entity to buy stake in Chinese rival
GCL Technology Holdings has set up a CNY 2.06 billion ($287 million) partnership to acquire a 42.5% stake in Inner Mongolia Xinyuan Silicon Material Technology, in a move that may point to emerging consolidation in China’s polysilicon sector.
Poland shortlists 183 energy storage projects for EU funding
Poland’s state environmental fund says developers sought PLN 28 billion ($7.7 billion) for 20 GW and 122 GWh of storage projects – nearly seven times the program’s budget, with 183 projects eligible for funding.
Indonesia’ Pertamina to build 50 MW flexible PV production line in Indonesia
PT Pertamina Power Indonesia and HyET Solaris Netherlands are planning to construct a 50 MW pilot factory manufacturing the Dutch company’s lightweight and flexible PV products in Indonesia, with ambitions to scale-up to a GW-size manufacturing facility.
Solar budget of up to $180 million in next UK CfD auction
Seventh allocation round (AR7) budget for onshore technologies assigned by the government, with enough cash for solar to support 4 GW of capacity. Success for solar at the next two contracts for difference (CfD) seen as key to achieving UK government’s 2030 clean power targets.
