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PV markets in Southeast Asia have picked up over the past two years, driven by the astounding growth of Vietnam. Regional policies, combined with growing demand for renewable power in the manufacturing industry, will result in 27 GW of new PV installations across the region over the next five years, writes IHS Markit analyst Dharmendra Kumar. PV installations in these countries are driven by attractive feed-in tariffs, net energy metering, tariff-based auction mechanisms, and other incentives.

The Africa Solar Industry Association has recorded almost 2 GW of large scale project announcements since the start of last month with 18 countries planning new clean power infrastructure and including energy storage in the plants.

European development campaign the Electricity Financing Initiative has invested around €1.26 million in a €1.5 million bond issued by domestic solar products supplier Simusolar.

Prodiel recently went from being a single entity to a holding company, comprised of three different businesses. Its project development division has created a 50% joint venture with Everwood, and now the EPC unit that is looking for a new partner to grow.

With the EU carbon price sat at record highs of around €50/ton, the authors of a report into the policies needed to drive a clean hydrogen economy in Europe say the storage medium won’t compete with its fossil fuel powered version even if carbon allowances cost four times that level.

Corporate renewable energy purchases are at an all time high. In Europe alone, a record-breaking 4 GW of corporate power purchase agreements were signed in 2020, bringing the overall total to 15 GW. Globally, this figure is even higher. As part of the UP Initiative’s quarterly theme on ‘Sustainable electricity and corporates’ critical solar role’, pv magazine spoke to Hannah Hunt, Impact Director at RE-Source, a European alliance of stakeholders representing clean energy buyers and suppliers, about how the business model landscape for such purchases is evolving, and the challenges the sector faces, including shortages in renewable energy supply across Europe.

According to Asia Europe Clean Energy (Solar) Advisory Co. Ltd, demand for solar PV in China could “effortlessly” surpass 100 GW in 2022, following a year of “flat” demand in 2021. It adds that a “massive overcapacity” situation in the production sector is looming. Meanwhile, the distributed solar PV market is on track for huge growth, with potential for annual demand to reach upwards of 20 GW+ from next year.

A 63 MWp solar project has been completed in the Philippines by Modern Energy Management (MEM) for AC Energy. The Gigasol project is part of the latter’s plan to roll out 5 GW of renewable energy capacity by 2025.

A consortium led by The Mobility House has installed its first storage facility comprising both used and new Renault ZOE batteries in France, thus growing the network of such storage facilities in Europe.

The small town of Yackandandah in northeast Victoria is one step closer to being powered by 100% renewable energy with the state’s first behind-the-meter, community-owned solar PV and battery energy storage system the latest addition to its community’s energy generation strategy.