Stationary storage installations surge to 170 GWh in 2024
With expanding market opportunities and declining costs, stationary battery energy storage installations are surging. Battery makers are awake to the opportunity, says BloombergNEF, as stationary batteries account for an increasing amount of deployed capacity.
EU solar installations hit 65.5 GW in 2024, says SolarPower Europe
Solar installations grew 4% year on year in the European Union in 2024, down sharply from 53% growth in 2023. The slowdown coincides with a decline in solar investment, marking the first such drop this decade. SolarPower Europe now forecasts annual growth of 3% to 7% in solar installations from 2025 to 2028.
New US solar manufacturer to open 2.5 GW HJT factory
NuVision Solar – a newly formed, US-owned and operated manufacturer – has revealed plans to produce heterojunction (HJT) solar cells and modules.
Germany deploys 1 GW of PV in November
Germany installed 1 GW of solar power in November, bringing its cumulative capacity to 97.55 GW by the end of the month.
European electricity prices increase on winter demand
AleaSoft Energy Forecasting says European electricity prices increased across most major markets last week, leading to weekly averages in excess of €120 ($126.03)/MWh in all markets, bar the Nordics.
Transformer explosion at South African coal power leaves nine injured
An explosion at an Eskom coal-fired power plant injured nine employees last week. The utility believes a rupture of a high-pressure steam steel pipe caused the incident and has said the event will not affect the suspension of load shedding.
Bangladesh seeks consultants for solar feasibility study
The Bangladesh Public Procurement Authority is searching for consultants to complete a feasibility study for the construction of a solar park. The deadline for applications is Jan. 9, 2025.
SDIC Gansu commissions 750 MW CSP-PV plant in China
SDIC Gansu New Energy has commissioned the 750 MW Akesai Huidong CSP-PV plant in Jiuquan, China’s Gansu province, combining a 110 MW concentrated solar power (CSP) tower and a 640 MW solar array to form China’s largest hybrid solar facility.
Romania allocates 432 MW of PV at average price of €0.051/kWh in first renewables auction
The Romanian authorities have allocated 1.52 GW of renewable energy capacity in a procurement exercise, with the lowest bid for PV technology at €0.045 ($0.047)/kWh.
India to mandate energy storage for solar, wind projects
India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects.
