Markets & Policy

Dec. 23 saw the inauguration of a new solar cell factory in the city of Khomeini, according to the Iranian government’s Renewable Energy and Energy Efficiency Organization. The factory, operated by Tehran headquartered company Mana Energy Pak, will be among the first in the region to produce silicon solar cells.

Structural imbalances in the supply chain and the energy intensity and consumption controls that China imposed in late September have caused prices for most PV module materials and components to continue to rise. Shipping fees and PV plant construction costs also remain high. PV plants in many regions will therefore be postponed until next year, but it remains unclear when module prices will start to fall. Despite these challenges, the global race to cut carbon emissions continues, and InfoLink’s Corrine Lin forecasts a bright future for PV deployments in 2022.

Solar stocks underperformed the broader markets in November, writes Jesse Pichel of ROTH Capital Partners. This is in large part thanks to uncertainty coming from the United States, where the Court of International Trade reinstated an exemption from import tariffs for bifacial modules – a decision that will likely see an appeal.

A Spanish consortium has started commissioning tests to produce renewable hydrogen in Mallorca, while another consortium led by Portuguese energy giants EPD and Galp is set to develop 100MW of green hydrogen production in Sines, Portugal. Lightsource bp and Dourogás have also agreed to set up a joint venture to invest in solar and green hydrogen infrastructure in Portugal.

The lithium-ion battery producer began manufacturing activities at its new factory in Ningde city, Fujian Province. Aiko Solar has also secured 4,515,000,000 wafers for the next three years through three different supply deals.

Developers will have time until April 30 to submit their bids. Selected projects will be awarded a 25-year power purchase agreement (PPA).

The London-based development institution will offer up a loan and grant to fund the construction of five solar plants at municipal sites across Gaziantep, as part of the lender’s Green City program.

Nexcharge, a joint venture between Indian lead-acid storage specialist Exide Industries and Swiss lithium-ion battery manufacturer Leclanché, has fully automated assembly lines of li-ion battery packs, modules, and cell testing labs in Gujarat. Ketan Chitnis, VP of Nexcharge’s stationary storage business unit, tells pv magazine that the government’s production-linked incentive scheme is attracting investment.

A 100 MW solar field near the port of Mongla is expected to begin commercial operation within days and will take the nation to almost 880 MW of clean power generation capacity.

Through the scheme, the Irish government intends to allocate around 380 MW of solar power. Projects of up to 50 kW will be entitled to participate and installations not exceeding 6 kW in size will be given a maximum rebate of €2,400.