News of Year:
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Germany adds 2.6GW of solar PV in Q1 2023
2023-04-27Germany has added more than 2.6GW of solar capacity in the first three months of the year, according to The Federal Network Agency (Bundesnetzagentur).With nearly 3GW of solar PV added in Q1 2023, Germany has now passed 70GW of solar capacity install -
European solar PPA prices down slightly in Q1 2023
2023-04-26For the first time in two years, European solar power purchase agreements (PPAs) have dropped during the first quarter of 2023 compared with the fourth quarter of 2022.With a slight decrease of 4.7% to €73.2/MWh (US$80.1/MWh), prices were down in Q1 -
Global installed PV capacity passes 1.18TW
2023-04-26The global cumulative capacity of installed and commissioned PV increased by more than 25% last year thanks to post-Covid price hikes and geo-political strife. It reached about 1.2TW by the end of 2022, while China continued to be the country with th -
Australia’s large-scale solar deployments fall 50% in 2022 – but year ends strongly
2023-04-26With 860MW of large-scale solar added in 2022, Australia added nearly half of the capacity it did the prior year, when it installed 1,683MW.However, at the end of last year, there were 48 utility-scale solar projects under construction – six more tha -
China’s National Energy Administration guidelines for 2023 targets 160GW of new solar and wind capacity
2023-04-26The Chinese government has announced some good news for the PV and wind industries with a target of 160GW of new solar and wind capacity to be added in 2023.The National Energy Administration’s (NEA) official website issued a Guideline On Energy Work -
Australia needs large-scale investment in transmission infrastructure to meet energy demand
2023-04-25Australia’s grid electricity demand will double by 2050 and require large-scale investment as its ageing infrastructure needs to improve to meet the demand, according to the Australian government’s Clean Energy Finance Corporation (CEFC). In its stud -
US Treasury releases guidance on IRA adders for coal community renewables
2023-04-25The US Treasury Department yesterday released guidance on the bonuses included in the Inflation Reduction Act (IRA) for historically fossil fuel-producing ‘energy communities’.Renewable energy developers who choose to develop projects in areas or com -
EU reaches provisional renewables deal with faster permitting
2023-04-23The European Council (EC) and Parliament have reached a provisional political agreement to raise the European Union’s renewable energy share target to 42.5% by 2030.Each European Union (EU) Member State will contribute to the common target which incl -
China encourages building of solar plants on land with low ecological value
2023-04-23The Chinese government has announced regulations to speed up the construction of large scale solar PV plants and standardise the management and development of land for solar projects. The ministry of natural resources said in an announcement that lar -
Canada announces plans for IRA-style solar and storage investment in 2023 budget
2023-04-23Canada will introduce tax credit incentives and invest in developing and manufacturing solar PV, energy storage and other renewable energy technologies in an Inflation Reduction Act-style scheme.The Government of Canada has released its 2023 budget,