Wood Mackenzie says first provincial auctions under China’s new pricing rules pushed solar bids up to 32% below settlement, signaling tighter margins and a shift to slower, more sustainable growth.
The initiative by the Allgäu-based company targets owners of photovoltaic storage systems installed before the end of 2020. The value of the trade-in bonus depends on the capacity of the new Sonnen battery. Sonnen describes the campaign as a “targeted growth initiative in a new market segment.”
Sweden, the Netherlands, Germany, Spain, and France have each logged more than 500 hours of negative electricity prices this year, driven by excess renewable generation and volatile weather.
A power purchase agreement is in place for a 123 MW solar project in Bahrain that will span 14 sites including the world’s largest rooftop solar installation, a 50 MW system on top of a 262,000 m2 stockyard shed.
Jakson Solar has commissioned an advanced facility in India to perform continuous reliability testing on PV modules under extreme simulated conditions.
Cache Power has commissioned an engineering study for a 640 MW compressed air energy storage and hydrogen project in Alberta, supported by provincial funding.
Despite the ongoing challenge of solar price cannibalization, Australia’s PV marketplace appears set for a period of acceleration. Renewable energy targets, supportive policy, and looming coal closures will require ongoing solar and storage installations – and a large pipeline is taking shape.
French grid operator Enedis will shift off-peak hours to daytime periods to align power demand with rising solar output and reduce evening consumption peaks.
The Italian authorities have frozen bank accounts and seized assets linked to a transnational network accused of defrauding about 6,000 investors through a fake PV investment scheme.
Ampt and Hiringa Energy will supply a hybrid solar and storage system for a hydrogen and ammonia facility supporting low-carbon cotton production in New South Wales.
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