PV-driven absorption cooling system for arid regions
Scientists in Saudi Arabia have simulated a solar-powered single-effect absorption cooling system that uses water-lithium bromide as a working fluid, under the environmental conditions of Riyadh. Exergy and exergy rates are calculated for each level of the system, with optimal generator performance being found to peak at 80 C.
Brazil’s PV capacity hits 55 GW
Brazil has installed 37.4 GW of distributed solar and 17.6 GW of large-scale PV capacity to date.
Research shows Germany’s investments in renewables are ‘paying back’
German researchers have found that the majority of subsidies required to reach the country’s renewable energy targets have already been paid, with an estimated 80% to 90% of subsidies for units in operation covered. The costs of newer renewable energy sources have decreased and are often competitive with remunerations from the wholesale market.
Ardian acquires Akuo
France-based Akuo currently operates a 1.9 GW renewable energy plant portfolio.
Panama installs 143.4 MW of new solar in 2024
Panama built 143.4 MW of new solar in 2024, bringing its total installed PV capacity to 695.55 MW by the end of the year.
New interactive map of renewable energy capture prices in Europe
Platts has launched an “interactive explorer” tool that shows the capture price received by wind and solar power assets, using hourly production and monthly average price data for Spain, Germany, Italy, France, and the United Kingdom.
Greece awards 189 MW of battery storage in third auction
Greece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of a battery storage subsidy program launched in 2023, with the country now turning its focus towards a new 4.7 GW unsibsidized BESS scheme.
China’s Huadian announces winners in 6 GWh BESS tender with average bid at $65/kWh
The procurement exercise has attracted 67 battery energy storage companies but only six have emerged as winners. The average bid stood at CNY 0.473/Wh ($65/kWh).
Japan’s 23rd solar auction concludes with lowest bid of $0.030/kWh
Japan has allocated 93 MW of PV capacity in its latest procurement exercise. The lowest bid came in at JPY 4.47 ($0.030)/kWh, while the average final price was JPY 5.06/kWh.
Bangladesh launches 2.65 GW solar tender
The Bangladesh Power Development Board (BPDB) is tendering 14 solar power projects ranging in size from 105 MW to 250 MW.
