Markets

India’s solar capacity additions could double to 30 GW in fiscal 2025, with further growth driven by rooftop demand and policy support, according to SBICAPS.

The industry will reach the 1 TWh demand milestone in 2024, with China producing more than three-quarters of the batteries sold globally. The concentration of the production chain in the country has led to a fall in costs and a possible technological shift with the focus on LFP batteries. Cooperation between countries can be strategic to diversify the battery production chain and create sustained demand, assesses the International Energy Agency.

Between the application of the reduced VAT and the retroactive reduction in solar subsidies, a delay of eight months could spell disaster for the small-scale self-consumption power plant sector. The GPPEP, which defends these individual producers, warns of the risks for households wishing to equip themselves, but also for those with already installed systems who could find themselves without a contact for maintenance or repair of their installations. pv magazine France spoke with Joël Mercy, president of the association.

The main source of energy for the month was nuclear (22.1%), followed by hydroelectric (20.2%), wind (17.3%), photovoltaics (14%) and combined cycle (13.8%). In addition, 237 GWh were supplied to storage facilities and 1,214 GWh scheduled for export to neighbouring countries.

Vibe Energy, an Australian energy and infrastructure company, has energized the Nhill Renewable Energy Facility (NREF), its joint venture with Victoria-based regional water authority GWMWater.

Swiss power producer Axpo has signed a 10-year corporate power purchase agreement (cPPA) to supply 17.5 GWh of electricity to two production sites of Croatian HVAC manufacturer Klimaoprema.

The Somali government is running a tender for the development of a 12 MW solar/36 MWh battery energy storage system (BESS) in the northeastern part of the country. The deadline for applications is May 5.

Nigeria’s Rural Electrification Agency (REAN) has issued a tender for companies to provide operations and maintenance (O&M) services for seven hybrid solar plants at educational institutions, totaling 32 MW of PV capacity.

US solar facilities lost $5,720 per megawatt in 2024, with global losses from equipment failures and extreme weather reaching $10 billion. Raptor Maps says 193 GW of projects recorded rising power losses, primarily from inverters, strings, and combiners, with regional weather risks varying significantly.

China installed 277.57 GW of solar in 2024, up 28.3% from 2023 and bringing total capacity to 887 GW., according to the China Photovoltaic Industry Association (CPIA).