Engie and UAC Berhad have signed a 20-year solar power purchase agreement (PPA) for a 7.35 MW solar array in Malaysia.
Despite this growth, fossil fuels dominate U.S. electricity. A 3% increase in total electricity generation across the U.S. is expected to be served primarily with solar, said a report from the Energy Information Administration (EIA).
The Global Off-Grid Lighting Association (GOGLA) says total investment in the off-grid solar sector stood at $425 million in 2023, down 43% year on year. It says the industry needs to address a lack of early-stage financing to meet development and climate targets.
Prices in the majority of major European electricity markets fell during the first week of May, according to analysis from AleaSoft Energy Forecasting. The exception was in the Iberian market of Portugal and Spain, but prices remain lower there than anywhere else.
Spanish developer Solaria says it bought 435 MW of solar modules from an undisclosed supplier for €0.091 ($0.09)/W. Kiwa PI Berlin confirms that average solar module prices for large-scale PV projects in Spain are now around €0.10/W.
The Ministry of Energy Transition and Water Transformation in Malaysia is teaming up with private and public partners in the country to offer citizens financial incentives and discounts when adopting solar. It follows a government rebate scheme introduced in April.
The Japanese authorities selected 30 battery storage projects in the procurement exercise. The selected developers and plant owners will be awarded a 20-year fixed revenue.
Longi recorded 67.5 GW of solar module shipments in 2023, according to its latest financial results. The Chinese module maker reported revenue of $17.9 billion and a net profit of $1.49 billion for the year.
BSES Rajdhani Power’s new 20 MW/ 40 MWh project is India’s first utility-scale, standalone battery energy storage system to secure regulatory approval under Section 63 of the Indian Electricity Act, 2003. The project is supported by a concessional loan from the Global Energy Alliance for People and Planet (GEAPP).
State-owned utility Egyptian Electricity Holding Company is requesting expressions of interest for the design, building and operation of a 8.2 MW solar plant and 2 MW/4MWh battery energy storage system, located at the site of an existing microgrid in western Egypt.
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