News of Year:
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Report: Southeast Asia’s growing solar manufacturing sector to deliver up to US$100 billion in revenue
2023-10-24A new report published by the Asian Development Bank (ADB) and a collection of non-profit organisations – Bloomberg Philanthropies, ClimateWorks Foundation and Renewable Energy For All – has found that new additions to the solar, battery storage and -
Global solar investment broke record to reach US$239 billion in H1 2023
2023-10-24Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.According to BloombergNEF’s 2 -
EU Commission approves €2.4 billion Hungarian renewable manufacturing scheme
2023-10-12The European Commission has approved a €2.36 billion (US$2.6 billion) Hungarian scheme to accelerate investment towards renewables manufacturing.In line with the European Union’s Green Deal Industrial Plan, Hungary would use the scheme through direct -
European renewable associations publish open letter on solar curtailment, prices and solutions
2023-10-1219 solar and renewable associations on the continent have published an open letter to the EU, calling for a more effective European power grid and greater investment into flexible power generation to meet the continent’s growing energy demands.The le -
US$450 million allocated by US govt to install rooftop solar PV for Puerto Rico residents
2023-10-11The US Department of Energy (DOE) has announced US$453.5 million from the Puerto Rico Energy Resilience Fund to install up to 40,000 rooftop solar PV and battery storage systems for low-income single-family households.Eligible households include thos -
Japan needs to increase solar and wind generation by eight times to reach 2050 net zero goal
2023-10-11Japan will need to have 689GW of total installed capacity for solar and wind power generation by 2050 to reach the goal of net zero, according to a study conducted by BloombergNEF (BNEF).BNEF’s net zero scenario details the breakdown of power generat -
EU electricity market proposal to boost use of Contract for Difference, positive for solar PPAs
2023-10-11On Wednesday 19 July, The European Parliament (EP) has approved by 55 votes in favour and 15 against reforming the EU Electricity Market Design.Through a vote on the Energy Committee of the EP, members of the European Parliament (MEPs) have welcomed -
Maine cuts back on net metering to avoid electricity price spikes
2023-10-10The state government of Maine passed a law on Monday limiting the scope of Net Energy Billing (NEB) after the scheme saw higher adoption than expected which had an inflationary effect on electricity prices.Under the new ruling, distributed solar and -
New model to assess effects of shading on crops in agrivoltaic projects
2023-10-06New research shows the importance of calculating the effects of shading created by PV panels on the photosynthetically active radiation (PAR) at the ground level, which is crucial to assessing crop yield in agrivoltaic projects. The proposed modeling -
Five core challenges of the European solar photovoltaics research and innovation
2023-09-14In its latest monthly column for pv magazine, the European Technology and Innovation Platform for Photovoltaics (ETIP PV) presents its Strategic Research and Innovation Agenda (SRIA), published in collaboration with the European Energy Research Allia