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Central & South America

The trillions spent by G20 nations on fossil fuels between 2015 and 2019 could have paid for more than 4 TW of solar at today’s prices

Polluting energy sources received more than $3 trillion from the EU and 19 of the world’s largest national economies over that four-year period, despite G20 members having pledged to phase-out fossil fuel subsidy and address climate change back in 2009.

Canadian Solar raises $100m to fund projects in Brazil

Canadian Solar has banked the cash for its growing portfolio of solar projects in a nation which had module demand of 5 GW last year.

The Hydrogen Stream: Air Liquide eyes South Korea as Cummins announces fuel-cell truck plans

With Australia prepping plans for vast green hydrogen and ammonia production facilities, two of the country’s state governments are trying to drum up the end-user market as agreements are signed to drive use of the gas in Ukraine and Poland.

Brazil’s recent energy auctions

Solar developers only had limited success in Brazil’s latest energy auctions, with relatively higher prices for PV. Several analysts spoke to pv magazine about the results of the procurement exercises.

‘Polysilicon shortage will continue through 2021’

The latest global PV industry outlook published by trade group SolarPower Europe, has indicated tight supply of the solar panel raw material is expected to persist this year but the trade body said it would be unlikely to drive further price rises.

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Huge Vietnamese solar park could hit 2.8 GW within a year

An energy transition investment report published this week has also revealed the former world record low price for solar power announced by the Al Dhafra project in Abu Dhabi last year, has fallen even lower since.

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Ecuador announces 350 MW renewables auction

Ecuador’s latest procurement exercise will be open to solar, wind, hydropower and biomass projects.

Mexico announces Latin America’s largest PV project

The Mexican authorities are overseeing the development of a $2 billion PV project as part of a modernization plan involving the country’s state-owned utility, CFE.

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New PV system assembly factory in Brazil

The factory will be located in the state of Ceará and is expected to begin manufacturing activities in 2022.

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Chinese PV Industry Brief: News of 360 MW project win in Nigeria and TBEA benefits from poly shortage

State-owned China Xinhua Power Development has booked a $53 million discount on seven solar farms as developer Kongsun seeks to pay down debts, and Canadian Solar has landed a 45 MWh energy storage contract in Colombia.

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