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.
Indonesia to permit power wheeling
Indonesia’s new renewable energy bill will include legislation allowing power wheeling, enabling private companies to sell electricity directly to end consumers via networks owned by the state-run electricity company.
India’s ALMM list tops 50 GW of solar module capacity
The PV modules on India’s Approved List of Models and Manufacturers (ALMM) comply with the Bureau of Indian Standards and meet the Ministry of New and Renewable Energy’s (MNRE) module efficiency criteria for utility-scale, rooftop, solar pump, and solar lighting applications.
Longi, Aiko Solar, TCL Zhonghuan, Tongwei to post H1 losses
Longi says it expects a net loss of CNY 4.8 billion ($660.2 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2.9 billion and CNY 1.4 billion, respectively.
EDF wins Israeli PV tender with bid of $0.019/kWh
EDF has won an Israeli solar tender with a bid of $0.019/kWh, securing a 100 MW project to sell energy at a record price of ILS 0.07 ($0.02)/kWh.
Bulgaria’s battery storage market gears up
Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility could see the country install another 1 GWh over the next two years.
Battery storage deployment in Canada kicks into gear
The deployment of battery energy storage systems (BESS) in Canada is picking up the pace, with the announcement of a 705 MWh battery storage system delivery to Nova Scotia by Canadian Solar’s e-Storage and various other projects in provinces across the country. However, this surge cannot come quickly enough says Energy Storage Canada.
