TCL Zhonghuan-led consortium plans 20 GW ingot, wafer factory in Saudi Arabia
A subsidiary of TCL Zhonghuan Renewable Energy has signed an agreement with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries to begin producing 20 GW of solar ingots and wafers per year in the country.
Solar nears 9% of US total electric generation capacity
A monthly energy infrastructure update from the US Federal Energy Regulatory Commission (FERC) shows that solar accounted for nearly 80% of new capacity additions in May.
Chinese PV Industry Brief: Longi to mass-produce back contact solar cells
Longi has announced plans to produce its new hybrid passivated back contact (HPBC) 2.0 solar cells at a 12.5 GW facility in Xixian New Area, Shaanxi province.
India launches hybrid solar-wind tender
Solar Energy Corp. of India (SECI) has started accepting bids to set up 400 MW of hybrid wind-solar projects on a build-own-operate basis in India. Bidding closes on Aug. 6.
Sungrow secures 7.8 GWh battery storage deal from Saudi Arabia
China’s Sungrow has signed three landmark energy storage contracts with Saudi Arabia’s Algihaz Holding, amounting to the world’s largest grid-side storage order. Each project will have a capacity of 2.6 GWh, totaling 7.8 GWh.
Vietnam sets $0.026/kWh tariff for net-metered solar power
Vietnam plans to introduce a net-metering scheme for rooftop PV. The Ministry of Industry and Trade (MoIT) has proposed a tariff of VND 671 ($0.026)/kWh for surplus solar power.
JinkoSolar-led group to build 10 GW solar cell, module factory in Saudi Arabia
A JinkoSolar-led consortium has announced plans to construct a 10 GW solar cell and module factory in Saudi Arabia with PIF and Vision Industries Company.
Energy management market to roughly double in Europe by 2030, says LCP Delta
New analysis from LCP Delta finds Germany is Europe’s top market for home energy management systems and predicts European yearly sales will more than double by the end of the decade.
Naked Energy secures GBP 17 million of new equity
Naked Energy has obtained GBP 17 million ($22 million) in new equity. The UK-based photovoltaic-thermal (PVT) system supplier says the investment, led by E.ON and supported by Barclays, will help “supercharge its global expansion.”
Belgium’s Flanders region records 230 MW of January-May solar additions
PV analyst Wannes Demarcke tells pv magazine that solar deployment in the Belgian region of Flanders slowed in the first months of this year. Initial figures show a decline from 2023 levels following the expiration of subsidies and reduced value-added tax on buildings less than 10 years old.
