Markets

PV data consultancy Wiki-Solar says the world’s top solar developers have added nearly 50 GW of new solar capacity since early 2023, raising their cumulative capacity to 146.7 GW – more than one-fifth of the global total.

Bangladesh has unveiled a 10-year tax exemption package for renewable energy projects. The new tax breaks will apply to power plants that begin commercial operation between July 1, 2025, and June 30, 2030.

Spending commitments outlined by UK Chancellor Rachel Reeves include investment in planning departments, more funds for heat pump grants, confirmation of funding for commercial hydrogen projects, and more cash for the Department of Energy Security and Net Zero.

This week, Women in Solar Europe (WiSEu) gives voice to Anna Sauter-Getschmann, co-founder of Germany-based Academy for Climate Jobs. She says that the renewable energy industry must reshape vocational training and make new opportunities visible. “We can start to redefine the typical image of an electrician or plumber,” she stated.

A trio of companies owned by DCC Group are teaming up on a support scheme to provide Irish businesses with capital to install rooftop and ground-mounted solar panels on their premises. The scheme aims to support 100 companies to install a total of 50 MW of solar over the next five years.

CapMan Real Estate has unveiled plans for a 7,500 sqm rooftop solar installation, billed as Scandinavia’s biggest integrated solar roof project to date, in Copenhagen. Solartag, a Danish solar-integrated roof specialist, is supplying the solar panels for the 750 kW array.

TotalEnergies Eneos has completed a 1.8 MW floating solar array in Thailand, featuring more than 3,000 modules to generate 2,650 MWh per year under a power purchase agreement with Thai manufacturer S. Kijchai Enterprise.

Estonian renewable energy company Sunly is building three solar parks in Latvia with a cumulative capacity of 225 MW. The projects are being developed as hybrid parks, combining solar with wind and battery energy storage.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that October delivered record-high irradiance across much of the United States, with a high-pressure system over the Eastern and Central regions driving a sustained period of warm, dry, and clear weather. Meanwhile, contrasting conditions in Canada’s coastal provinces and extreme weather in Florida underscored this month’s diverse impacts on North American solar generation.

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.