Japan’s Toyo plans 2 GW solar cell factory in Ethiopia
Tokyo-based Toyo Co. says it will invest $60 million in a new 2 GW solar cell factory in Ethiopia, to mostly serve the US market.
Sweden’s first large-scale agrivoltaic park inaugurated
Production is now underway at Sweden’s first large-scale agrivoltaics park, owned and operated by Svea Solar. A power purchase agreement is in place with a local vertical farmer for the electricity produced, while the farm underneath the solar panels will produce rapeseed, ley and wheat on a rotational basis.
UK’s largest PPA to date signed for 373 MW solar park
Quinbrook Infrastructure Partners announces two long-term agreements covering 100% of solar power generation at Cleve Hill Solar Park. British supermarket retailer Tesco has signed a 15-year agreement covering 65% of generation and Shell will manage remaining capacity under 10-year route-to-market deal.
Germany wraps up ‘innovative’ tender with average price of €0.0709/kWh
Germany has concluded a new renewables tender, securing 583 MW of capacity at an average price of €0.0709 ($0.0771)/kWh.
France’s Carbon involved in patent case with JA Solar
France-based PV manufacturer Carbon is currently involved in patent proceedings with JA Solar over tunneling silicon oxide (SiO2) layers, doped polysilicon layers, and electrodes in tunnel oxide passivated contact (TOPCon) solar products.
Italy preps energy storage auctions
The appropriate minister has signed into law a decree which will allow electricity transmission system operator (TSO) Terna to stage procurement exercises, possibly as early as the first half of 2025.
Chinese PV Industry Brief: China Resources finalizes PV module tender
China Resources Power has finalized its 1 GW module procurement for 2024 with Astronergy, while China Power Construction has secured 1.5 GW of n-type heterojunction (HJT) modules through a separate tender.
Wind production drives European electricity prices down
AleaSoft Energy Forecasting says average electricity prices fell last week across all major European markets, bar the United Kingdom, due to an increase in wind production. Italy, meanwhile, broke its record for solar production on a single day in October.
Dutch PV sector calls for consumption incentives as end of net metering looms
Dutch trade body Holland Solar is urging the new Dutch government to introduce self-consumption incentives for batteries, boiler tanks, and heat pumps used in combination with PV systems, as the country plans to phase out net metering by 2027.
Gautam Solar plans IPO
Gautam Solar plans to launch an initial public offering (IPO) in the next 12 to 18 months to fund its PV cell expansion plans.
