In the second week of 2025, gas prices, wind energy and demand again marked a mixed evolution in the main European electricity markets. Declining gas prices and increased wind energy production drove prices down in some markets, while in others, rising demand favored the increase in prices. In the British N2EX market, on January 10 … Continue reading Gas, wind energy and demand again marked a mixed evolution of European electricity market prices in the second week of 2025
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UAE President witnesses launch of world’s first 24/7 Solar Photovoltaic (PV), Battery Storage gigascale project to be built in Abu Dhabi
In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Abu Dhabi Future Energy Company PJSC – Masdar and Emirates Water and Electricity Company (EWEC) today announced the launch of the world’s first large-scale ‘round the clock’ gigascale project, combining solar power and battery storage in Abu Dhabi. The launch was announced … Continue reading UAE President witnesses launch of world’s first 24/7 Solar Photovoltaic (PV), Battery Storage gigascale project to be built in Abu Dhabi
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Chile sets wind and photovoltaic records in 2024
In December 2024, Chile generated 42% of its electricity from wind and photovoltaic, surpassing the previous monthly record of 39.6% set in September 2024. This is according to the latest figures from global energy think tank Ember, which show that throughout 2024, solar and wind generated a record 33% of Chile’s electricity, up from 30% … Continue reading Chile sets wind and photovoltaic records in 2024
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Off-Grid Energy Mastery: Your Comprehensive Guide to Battery Systems and Photovoltaic Solar Integration
Broadly speaking, off-grid batteries capture and store energy generated from solar panels. These batteries are important in making sure you’ve got a continuous power supply, especially during periods when sunlight is unavailable. Essentially, they enable you to harness solar energy, provide resilience against grid outages, and often result in long-term cost savings. To get a … Continue reading Off-Grid Energy Mastery: Your Comprehensive Guide to Battery Systems and Photovoltaic Solar Integration
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India to reach 97.86 GW of photovoltaic (PV) and 48.16 GW of wind power in 2024
India’s renewable energy sector has made remarkable progress, the Union Ministry of New and Renewable Energy (MNRE) has reported. Between December 2023 and December 2024, the total installed renewable energy capacity reached 209.44 GW, reflecting a growth of 15.84% compared to 180.80 GW in December 2023. This achievement underlines India’s commitment to its clean energy … Continue reading India to reach 97.86 GW of photovoltaic (PV) and 48.16 GW of wind power in 2024
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How did the solar energy photovoltaic sector performed in 2024?
Last year, we started the first edition of the year by focusing on the EU Market Outlook for Solar Power. Similarly to last year, the report is dense, but it contains a wealth of interesting data and predictions. If you wish to make a comparison, we recommend splitting your screen in two, with the edition … Continue reading How did the solar energy photovoltaic sector performed in 2024?
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Solar energy photovoltaic (PV) grew by 40% in 2024 and reaches 52 GW in Brazil
Solar energy photovoltaic has just reached the 52 GW mark of installed capacity in Brazil, according to a report published by ABSOLAR (Brazilian Association of Solar Photovoltaic Energy).In the same period last year, the volume of installed photovoltaic power in operation in the country was 37 GW, representing a growth of approximately 40% since then. … Continue reading Solar energy photovoltaic (PV) grew by 40% in 2024 and reaches 52 GW in Brazil
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Spain approved 34 photovoltaic and hybrid projects in December for 2.87 GW, including 428.7 MW of storage
Application for a declaration of public utility for the Cañuelo II photovoltaic plant project, with a capacity of 23 MW, in the municipality of Los Barrios (Cádiz), promoted by Capital Dynamics. Application for Prior Administrative Authorization and Administrative Authorization for Construction of the hybridization projects for the Solaben PV1 and Solaben PV6 photovoltaic plants, both … Continue reading Spain approved 34 photovoltaic and hybrid projects in December for 2.87 GW, including 428.7 MW of storage
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Breakthrough in perovskite solar cells improves efficiency and durability
New research from Northwestern engineers and chemists could bring the world closer to making solar power more reliable, efficient, and affordable, bringing renewable energy another step closer to becoming the go-to choice for homes and businesses worldwide. Scientists in the lab of Professor Ted Sargent have developed a new method to improve the stability and … Continue reading Breakthrough in perovskite solar cells improves efficiency and durability
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South Africa’s total photovoltaic (PV) capacity grows 11.9% in 2024, reaching 9 GW
The South African Photovoltaic Industry Association (SAPVIA) has summed up 2024’s growth in the solar industry. Marked by gradual growth and notable achievements, this year has laid the groundwork for a brighter, greener future, Pretoria News reports. The country’s total solar PV capacity rose to 8.97 GW, an 11.9 percent increase over 2023. “With almost … Continue reading South Africa’s total photovoltaic (PV) capacity grows 11.9% in 2024, reaching 9 GW
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China’s photovoltaic (PV) module exports fell 12% month-on-month despite growth in Asia-Pacific and Americas
China exported 15.2 GW of modules in November 2024, down 12% MoM from 17.34 GW and down 14% YoY from 17.71 GW, according to InfoLink’s customs data. China exported 219.31 GW of modules from January to November 2024, up 14% YoY from 191.81 GW. In November 2024, the top five largest markets importing Chinese modules … Continue reading China’s photovoltaic (PV) module exports fell 12% month-on-month despite growth in Asia-Pacific and Americas
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Photovoltaic solar power capacity in Ukraine grows by 800-850 MW in 2024 – Solar Energy Association head
In 2024, Ukraine added approximately 800–850 MW of solar power capacity through installations by businesses and households, according to Vladyslav Sokolovsky, Chairman of the Solar Energy Association of Ukraine. “Solar power capacity increased in 2024. Based on our Association’s estimates, around 800-850 MW of solar power plants (SPPs) were installed last year,” Sokolovsky stated at … Continue reading Photovoltaic solar power capacity in Ukraine grows by 800-850 MW in 2024 – Solar Energy Association head
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Myanmar junta calls for increased installation of photovoltaic (PV) solar panels
At the first meeting of the Energy and Electricity Development Commission this week, President Tin Aung San called for solar panels to be installed during building construction as power shortages plague Myanmar. According to junta media, the admiral intends to require developers to install panels on all new buildings and “supply surplus electricity to the … Continue reading Myanmar junta calls for increased installation of photovoltaic (PV) solar panels
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Tunisia to install 1,700 MW of photovoltaic (PV) by 2030
Tunisia is accelerating its energy transition by awarding 4 solar photovoltaic projects totaling 498 MW to reduce dependence on imports and promote renewable energy. Faced with growing energy dependence, Tunisia is taking a decisive step in its commitment to renewable energy. On December 26, the Ministry of Industry, Mines and Energy awarded four photovoltaic projects … Continue reading Tunisia to install 1,700 MW of photovoltaic (PV) by 2030
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EDP commissions 300 MW of solar photovoltaic (PV) energy in Southern California
EDP Renewables North America LLC (EDPR NA), a leading renewable energy developer and a top-five renewable energy owner and operator in the United States, unveiled Sandrini I & II Solar Energy Park (Sandrini I & II) today in Kern County. The two-phase solar energy park includes the 200 megawatt (MW) Sandrini I, which has a … Continue reading EDP commissions 300 MW of solar photovoltaic (PV) energy in Southern California
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Wind power and photovoltaic make electricity cheaper in Germany
The new year began with stormy weather. Wind turbines were running at full speed and the sun was shining in many places. As a result, electricity production from wind and photovoltaics (PV) in Germany accounted for 125% of demand, according to the Fraunhofer Institute for Solar Energy Systems. The oversupply drove down the price of … Continue reading Wind power and photovoltaic make electricity cheaper in Germany
Continue readingRising gas prices and wind energy mark a mixed start to the year in European electricity markets
In the first week of 2025, TTF gas futures rose, reaching the highest settlement price since October 2023, above €50/MWh. This, coupled with rising CO2 prices and electricity demand, as well as declining photovoltaic energy production, supported higher prices in some of the main European electricity markets. In contrast, the increase in wind energy production … Continue reading Rising gas prices and wind energy mark a mixed start to the year in European electricity markets
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New floating photovoltaic (PV) power plant in Shandong, China
Workers recently finished inspecting and cleaning the solar panels of a large floating photovoltaic power generation project in Lingcheng district of Dezhou, Shandong province. The project, spanning an area equivalent to 800 standard soccer fields, is situated over the waters of Dingzhuang reservoir, which serves as an industrial water source for the Dezhou power plant … Continue reading New floating photovoltaic (PV) power plant in Shandong, China
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Solar photovoltaics (PV) and storage: better together
Grid and storage readiness is key to accelerating the energy transition. Connecting renewable energy to the power system needs grid infrastructure, both at transmission and distribution levels, including overhead lines, underground and submarine cables and power substations. Despite the obvious, this fact has been widely overlooked in several regions. Urgent actions must be taken to … Continue reading Solar photovoltaics (PV) and storage: better together
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12 reasons why photovoltaic (PV) is the energy source of the future
Photovoltaics (PV), or solar energy, is poised to be a dominant energy source in the future due to a multitude of compelling reasons. Here are 12 key factors highlighting why photovoltaics are the energy source of the future: 1. Renewable and Sustainable: Solar energy is a renewable resource, meaning it’s constantly replenished by the sun. … Continue reading 12 reasons why photovoltaic (PV) is the energy source of the future
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