India’s SJVN secures 100 MW of PV for $0.031/kWh
SJVN has secured a 100 MW solar power project from Gujarat Urja Vikas Nigam Ltd. (GUVNL). It will develop the project on a build-own-operate basis in the Indian state of Gujarat.
Trilantic Europe acquires 60% stake in Aerocompact
Mathias Muther, the founder of Aerocompact, says a new investment from private equity firm Trilantic Europe will allow the Austrian mounting system manufacturer to expand its international market presence.
Record number of European PPAs in 2023, says Pexapark
The European market for power purchase agreements (PPAs) reached 16.2 GW in contracted volumes in 2023, up 40% year on year. Pexapark, a Swiss consulting firm, says the result marks a “golden era” for European PPAs, as it predicts the market to surpass 20 GW in 2024.
PV commissioning times up by 6 months over past 20 years, claim scientists
Scientists in Switzerland used project-level data from BloombergNEF to analyze completion times of renewable energy projects across 48 countries. They have found that average commissioning times have increased over the past two decades for all clean energy technologies.
3S Swiss Solar Solutions completes 250 MW module factory in Switzerland
Switzerland-based module manufacturer 3S Swiss Solar Solutions opened its second production facility in its home country.
NREL says long-term degradation of 8 GW of US solar ‘matches expectations’
Research by the National Renewable Energy Laboratory (NREL) on the degradation of almost 8 GW of US solar shows that PV systems are degrading at a modest rate, within expectations. It says most PV systems experience minimal damage from short-term extreme weather, but warns of the risk of powerful hail, wind and snow.
Rystad tips Australian projects to help propel global green hydrogen growth
Rystad Energy has countered the International Energy Agency’s (IEA) recent “reality check” for the green hydrogen sector, predicting that the momentum behind renewable-based hydrogen will gather pace in 2024 as global renewable energy capacity continues to expand rapidly.
Germany’s Nexwafe mulling US wafer factory
German wafer manufacturer Nexwafe says it has set up a subsidiary in the United States to evaluate the potential to produce wafers in the country.
Chinese PV Industry Brief: Hoshine continues PV supply chain expansion
Hoshine says it will build a solar glass factory in Urumqi, the capital of China’s Xinjiang region, where it is also planning a 20 GW vertically integrated module manufacturing facility.
PV may help CSP reduce its LCOE by 18% in Saudi Arabia
Researchers have found that the current levelized cost of energy (LCOE) for concentrated solar power (CPS) plant in Saudi Arabia could be as low as $0.137/kWh. However, combining the tech with PV would significantly enhance the cost competitiveness of CSP.
