Competition , oversupply to reduce n-type solar module price :
The Chinese solar market has witnessed rapid demand growth over the past two years. High PV module prices in 2022 hindered utility scale project deployment so small-scale, “distributed-generation” (DG) projects made up around 60% of the market. After supply chain issues eased, module prices started falling in 2023, driving utility scale projects that supplied 55% of the market in the fourth quarter while DG solar matured.
Read more.. https://www.pv-magazine.com/2024/05/20/competition-and-oversupply-to-reduce-n-type-prices/
Aboitiz Renewables Launches New Solar and Geothermal Projects, Adding Over 200 MW Capacity Amid Philippine Power Shortages :
Aboitiz Renewables, Inc. (ARI), the renewable energy division of Aboitiz Power Corporation, recently announced the operational launch of the 159 megawatt peak (MWp) Laoag Solar Power Plant in Aguilar, Pangasinan. This development comes at a crucial time as the country has faced multiple yellow and red alerts due to the forced shutdowns of power plants and increased demand caused by high temperatures. Yellow alerts signal that power reserves are below the required margins for safe operations, while red alerts indicate that the power supply is insufficient to meet the demand.
YILDIRIM Energy Launches 109 MW Solar Project in Kosovo :
YILDIRIM Energy, the energy subsidiary of the Türkiye-based YILDIRIM Group, has announced its expansion into the Kosovo market, focusing on renewable energy, particularly solar power. This initiative was unveiled at an opening ceremony attended by prominent figures including ministers, government officials, ambassadors, and representatives from local and international organizations. Robert Yuksel YILDIRIM, President & CEO of YILDIRIM Group, led the event alongside other company officials
Read more.. https://solarquarter.com/2024/05/21/yildirim-energy-launches-109-mw-solar-project-in-kosovo/#google_vignette
Canadian Solar unit secures up to $1.4 bln financing for European renewable energy business:
Recurrent Energy, a unit of solar technology firm Canadian Solar , said on Thursday it has secured multi-currency revolving credit facility of up to 1.3 billion euros with banks.
Solar hits above its weight in powering US energy transition
Solar farms generated less than 6 per cent of the electricity produced by utilities in the United States in 2023, but that annual share vastly understates the critical role that solar plays in enabling power firms to accelerate energy transition efforts.
Read more.. https://energy.economictimes.indiatimes.com/news/renewable/opinion-solar-hits-above-its-weight-in-powering-us-energy-transition/110384757?utm_source=top_news&utm_medium=tagListing
Colombian Government Launches Solar-Powered Hybrid Plant in Casuarito, Enhancing Energy Access for 239 Families
The Institute for Planning and Promotion of Energy Solutions (IPSE) and the Ministry of Mines and Energy of Colombia have announced the inauguration of a hybrid power generation plant in Casuarito, a township of Puerto Carreño, Vichada. This new facility combines photovoltaic panels, batteries, and a hybrid diesel backup system, extending energy service hours for 239 families in the region.
AfDB’s Multi-Country Solar Initiative Pulls in 10 Projects to Benefit the Multitude in the Dark :
The African Development Bank (AfDB)’s Desert to Power initiative involves 11 countries across Sahelian belt; 250Million people set to benefit with 10, 000MW of solar by 2030.
It is one of the world’s most ambitious energy projects: the Desert to Power initiative aims to bring energy to one of the least developed and most marginal parts of the continent.
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