SMA Solar launches restructuring plan to save up to €200 million
German inverter manufacturer SMA Solar Technology AG has launched a restructuring plan aiming to save up to €200 million ($223 million) for financial stabilization and market repositioning.
Vietnam to launch new net-metering scheme for rooftop solar
The Vietnamese government says it will start a new net-metering scheme for rooftop PV installations next week, limiting the sale of excess electricity to the grid to 20%.
New method to identify optimal floating PV sites
Researchers in Spain have created a novel method to select within a set of water bodies those where the investment in floating PV could be most beneficial. They combined geographic information systems, multi-criteria analysis, and intelligent optimization. The new approach reportedly results up to 8.4% better LCOE compared to conventional methods.
Solar-plus-storage dominates future US power grid
A new report from the US Department of Energy’s (DoE) Lawrence Berkeley National Laboratory shows a major expansion of solar-plus-storage facilities in the US power plant market.
The significance of state-of-charge
Everoze Partner Nithin Rajavelu considers the crucial importance of properly measuring and managing battery state-of-charge (SoC) for the efficiency, longevity, and safety of battery energy storage system (BESS) projects, especially in lithium ferro-phosphate (LFP) devices, which are widely used for large-scale storage.
Pexapark says European developers signed 13 PPAs for 460.4 MW in August
Swiss consulting firm Pexapark says European developers signed 13 power purchase agreements (PPAs) totaling 460.4 MW in August, down 62% month on month in terms of capacity. It represents the lowest monthly PPA volume since August 2023.
Lower solar, wind output drive European electricity prices up
AleaSoft Energy Forecasting says most major European markets recorded higher electricity prices last week due to lower solar and wind production and despite a drop in gas and CO2 prices.
Italy deploys 4.2 GW of solar in January-August period
Italy deployed 4.2 GW of solar capacity and 260,000 new PV systems from January to August.
Spain sets new 2030 solar target of 76 GW
The Spanish government has set a new 2030 solar target of 76 GW in an energy strategy submitted to the European Commission. It aims to cover over 80% of national electricity demand with renewable energy.
JCM Power wins 240 MW hybrid PV-wind project in Pakistan with $0.031/kWh bid
JCM Power has won a 240 MW hybrid wind-solar project in Pakistan with a bid of $0.031/kWh. The facility will be located in Dhabeji, near Karachi, and will supply power to local utility K-Electric.
