Policy

President Claudia Sheinbaum has warned that the Spanish energy company’s subsidiary in the country will not “necessarily” re-enter the Mexican electricity market as before. New regulations on energy storage batteries in the National Electric System (SEN) could, however, encourage the company’s return.

NTPC Ltd. has started accepting bids from hybrid power generators for 1.2 GW of capacity from wind-solar hybrid projects. The company also has a greenshoe option for an additional 600 MW of capacity.

The International Energy Agency’s (IEA) latest report, which maps out the future evolution of clean energy manufacturing, says the combined global market for PV, wind turbines, electric cars, batteries, electrolyzers, and heat pumps will rise from $700 billion in 2023 to more than $2 trillion by 2035.

Italian electricity transmission system operator Terna has published the results of 2025’s main capacity market auction.

A shift in the US presidency could jeopardize billions of dollars in investment and thousands of jobs in key election swing states, which hold 48% of announced clean energy manufacturing investments.

As part of its Sustainable Energy Homes Project initiative, the Ministry of Mines and Energy has announced plans to install PV systems next year in two neighborhoods in the city of Cali that will allow a reduction of up to 100% of electricity bills for local residents. The government is also implementing sustainable electric mobility solutions for five educational institutions in the city.

LG Energy Solution expects strong demand for energy storage and plans to release a high-capacity lithium iron phosphate product with 20% higher energy density, along with other offerings. The South Korean battery maker says it aims to begin US production of energy storage system (ESS) batteries in 2025 and may convert European electric vehicle (EV) production lines to ESS.

The costs for renewable energy funding this year will be higher than forecast, due in part to the many hours with negative spot market prices on the electricity exchange. A new report expects the trend of high costs to continue until 2029.

Now that incentives from the US Inflation Reduction Act (IRA) are well understood, global manufacturers are announcing factories in the United States to constitute much of the solar supply chain. While some plans have been scrapped already, and more cancellations are expected, the broader trend is unprecedented growth.

Following Ireland’s most recent renewables auction finalized in late September, the average final price for PV was €0.10476 ($0.12)/kWh, which just a 4% decrease compared to 2023’s auction. pv magazine has spoken with the government, the local PV association and several market operators to understand the reasons behind final high prices.