PV Hardware (PVH), a solar tracker and mounting systems manufacturer, has opened a new factory in Jeddah, Saudi Arabia. It is expected to produce 8 GW of trackers and solar structures per year, mainly for projects in the Middle East, Europe, Asia, and Australia.
The Romanian government has reportedly rejected almost all permit requests for large-scale solar projects. Law firm Vlăsceanu, Nyerges & Partners claims that the authorities are misinterpreting new rules designed to streamline the permitting process for small projects and support solar on agricultural land.
SolarX Grand Challenge aims to promote entrepreneurship and innovation, in order to address the energy gap in Africa through solar energy solutions.
US residential solar demand is expected to ride a 10% compound annual growth rate, adding $6 billion in incremental growth by 2025, said Technavio. But soft costs like customer acquisitions remain relatively high compared to other solar markets across the globe.
The Nordic region is set to become a European renewables powerhouse, according to Rystad Energy. It says Finland, Sweden and Denmark could collectively install up to 12.8 GW of new solar by 2030.
Chile has enacted the Renewable Energy Storage and Electromobility Law, which will compensate standalone storage projects for injecting electricity into the grid and being available at times of peak demand.
The Indian government is providing import duty exemptions for 6 GW of PV projects, which will result in higher tariffs awarded under several auction schemes for solar and renewables.
Germany’s BayWa r.e. and Denmark’s Velux have announced the first agrivoltaic corporate power purchase agreement (PPA) in Europe. BayWa will build two solar parks in Spain to power Velux’s operations, with capacities of 60 MWp and 56 MWp. One of them will partly be an agricultural PV project.
Golden Solar has unveiled a plan to set up a new 1.5 GW production line for heterojunction products in the Zhangjiakou Renewable Energy Demonstration Zone. Boamax, meanwhile, said it wants to set up an 18 GW panel factory in Inner Mongolia.
India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).
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