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Markets & Policy

The fastest energy change in history

Solar and wind are being installed at a rate that is three times faster than all other new electricity sources combined. This offers compelling market-based evidence that PV and wind are now the most competitive and practical methods for deploying new generating capacity.

Construction begins on 93 MW Australian solar farm

Construction has started on a 93 MW solar project in the Australian state of Victoria. The installation, which has been under development for at least five years, was sold to Enel Green Power in 2019.

kWh Analytics launches solar property insurance product

kWh Analytics has started offering protection against physical damages to solar arrays and other renewable energy assets, in partnership with Aspen Insurance.

Ncondezi Energy secures land for 300 MW solar facility in Mozambique

Ncondezi Energy has secured land for a 300 MW solar-plus-storage project in Mozambique. It has also signed an agreement with India’s Synergy Consulting for support in securing debt financing.

Sweden deployed 1 GW of PV in 2022

Sweden’s cumulative installed solar capacity hit 2.6 GW at the end of December.

Administrators move swiftly to settle future of Sun Cable

Two of Australia’s richest people are expected to be rivals in the bidding process for Sun Cable, the developer of what could be the world’s biggest intercontinental solar and energy storage project. Administrators indicate that the sale process could be completed within three months.

Ready for takeoff

Airport PV can provide an instant boost to emission-reduction efforts while work continues on sustainable aviation fuels. Developing solar projects at or near airports, however, is not as straightforward as typical ground-mount installations.

Eritrea to build first utility-scale solar plant

The African Development Fund is helping the Eritrean government to deploy a 30 MW solar facility in Dekemhare, Eritrea. It has launched a tender to seek consultants for the project.

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Storing renewables via regenerative braking in underground mines

Scientists in Austria have developed a long-term energy storage system that uses regenerative braking to adjust the descent speed of sand in mine shafts and generate electricity.

Grid congestion continues to increase in Netherlands

Solar project developers see fewer opportunities to build PV facilities in the northern Netherlands, as grid bottlenecks are becoming worse.

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