photovoltaic

Lumio, a residential PV installer in the United States, has filed for bankruptcy. It filed Chapter 11 bankruptcy in order to close the sale of its business.

Japan has allocated 33.6 MW of PV capacity in its latest procurement exercise. The lowest bid for a 650 kW solar project came in at JPY 5.0 ($0.035)/kWh, while the average final price was JPY 8.08/kWh.

JinkoSolar says it recorded CNY 47.251 billion ($6.6 billion) of revenue and a CNY 1.2 billion net profit in the first half of 2024, while Longi’s revenue plunged to CNY 38.529 billion in the January-June period, with a net loss of CNY 5.243 billion.

AVSI Foundation, an Italian NGO, has launched a tender to repair a 100 kWp minigrid in the Democratic Republic of the Congo. The project involves replacing the battery energy storage and conversion systems. Applications are due Nov. 4.

AleaSoft Energy Forecasting says higher weekly average gas prices and increased electricity demand significantly affected electricity prices last week. In all analyzed markets, bar the Nordic market, the weekly average price exceeded €75 ($82.90)/MWh.

Grenada’s Public Utilities Regulatory Commission is seeking expressions of interest for 15.1 MW of solar at Maurice Bishop International Airport. The project may also include a 10.6 MW/21.2 MWh battery energy storage system (BESS). The deadline for submissions is Sept. 20.

Scientists in South Africa have conducted full-scale research on the effect of wind load on PV panel mounting rails for more than 100 days. Compared to standard design codes, they found lower combined wind load coefficients. Maximum loads occurred for an easterly wind direction.

The solar energy industry continues to innovate, striving to improve the efficiency and reliability of photovoltaic systems. One of the most promising advancements is the development of bifacial modules combined with tracking systems. These technologies aim to capture more sunlight and convert it into electricity, making solar energy more effective and affordable. IEA PVPS Task 13 is at the forefront of this innovation, working to enhance the performance and reliability of PV systems. This article explores the concept of bifacial tracking, its advantages, challenges, market developments, and the significant contributions of IEA PVPS Task 13.

Rabot Charge, a German renewable energy supplier, says the average spot electricity price in August rose slightly from July to €0.082 ($0.09)/kWh. The increase was due to a slightly below-average share of renewable sources in grid electricity.

Chile’s Sociedad Agrícola y Servicios Isla de Pascua (SASIPA) has kicked off a 3 MW/2 MWh tender for the first solar-plus-storage project on Easter Island.