IRENA calls 16.4% annual renewable growth to hit COP28 targets
Statistics from the International Renewable Energy Agency (IRENA) shows that if the world were to continue with a 14% annual growth rate in renewables capacity, as seen in 2023, it will fall 1.5 TW short of meeting deployment targets set at COP28.
Brookfield acquires controlling stake in Leap Green Energy
Brookfield will initially invest more than $200 million in Leap Green Energy by subscribing to new shares and acquiring shares from current shareholders.
Polysilicon prices stabilize at low levels amid market downturn
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.
Albania’s 300 MW solar tender attracts lowest bid of €0.0397/kWh
The Albanian authorities have revealed that a recent 300 MW solar tender has attracted a lowest bid of €0.0397/kWh. The government has shortlisted nine bidders with an average offered price of €0.0513/kWh for 283.9 MW of preselected capacity.
Grenergy secures financing for two phases of world’s biggest battery project
Madrid-headquartered independent power producer (IPP) Grenergy has reached financial close on the first two phases of its Oasis de Atacama solar and battery energy storage hybrid project in Chile.
Amazon hits 100% renewable energy goal seven years ahead of schedule
The retail giant matched 100% of the electricity used in its operations with investments in renewable energy in 2023.
Shinsung E&G secures 47 MW module order for floating solar in South Korea
South Korea’s Shinsung E&G says it will supply 47 MW of modules for the country’s first integrated renewable energy complex. It also recently signed an agreement to expand the deployment of rooftop solar in South Korea.
Bifacial PV, single-axis tracking produces cheapest electricity, says IEA-PVPS
The IEA Photovoltaic Power Systems Programme’s (IEA-PVPS) latest factsheet covers bifacial PV modules and advanced tracking systems. It says a combination of bifacial modules with single-axis tracking could increase energy output by up to 35%.
Somalia opens tender for off-grid solar-plus-storage plants
Somalia’s Ministry of Energy and Water Resources has launched a tender for off-grid solar-plus-storage power plants to serve 46 education facilities in the southeast of the country. The deadline for bids is August 1.
Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan
Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.
