In July 2016 Nigeria signed power purchase agreements with 14 utility scale PV projects with a total generation capacity of 1,075 MW. None of the projects has reached financial close and pv magazine has learned the government wants to reduce the agreed tariffs.
In Germany, the Korean PV manufacturer increased output to 760 MW last year. Despite a highly competitive environment and persistently high pressure on margins, Hanwha says it is looking to the future with optimism. The company has further diversified away from solar module production in recent months.
Previously known for its automotive activity, CATL is turning to another promising sector to generate demand for its battery cells. With the first few hundred thousand Japanese solar households seeing their 10-year FIT contracts expire, demand for small scale storage is on the rise
Batteries of the type have traditionally been used for long-duration storage applications. Now though, it seems vanadium is making an entry into the fast-paced world of ancillary grid services.
Quasi-governmental body the CPIA has released first-half figures for the world’s biggest solar marketplace which show production volumes for export markets continuing to expand and the domestic picture set to rebound after public solar subsidy levels were published.
The London-based developer revealed blockbusting annual figures which show it is debt free, has almost £20 million in the bank, raked in more than half that figure in net profits in 2018-19 and expects twice as much in a year’s time.
The final segment in pv magazine’s look at unsung solar markets heads to Ukraine, where a generous feed in tariff and developments in the corporate PPA segment looks likely to push installations past the 1 GW mark for 2019.
Corporations are buying up batteries and investing in their companies like it’s going out of style.
According to the latest market forecast published by Wood Mackenzie, it seems that global PV installation figures will rise to 125 GW per year from 2020. Continued global capacity expansion will come in through a growing gigawatts-club.
Hyundai has unveiled its new hybrid, the Hyundai Sonata, complete with integrated solar cells. The Sonata’s unveiling joins Toyota and Lightyear in integrating solar PV with EVs.
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