Europe’s solar installation levels are exceeding expectations, with the amount installed in October 2023 already matching the total installed in all of last year. Rystad Energy modeling forecasts new solar capacity additions will grow 30% this year versus 2022, surpassing 58 gigawatts direct current (GWDC) of new panels by the …
Read More »China Set to Remain Dominant Power on Solar Market
China, the largest producer of solar technology and the largest user of that technology, will continue to dominate the industry over the next three years. This is according to a new report from Wood Mackenzie that forecasts that as much as 80% of the global production capacity in polysilicon, solar …
Read More »Iceland could become First Nation to Get Solar Power from Space in 2030
One of the complaints when it comes to solar power is that you usually have to link it to batteries. Even in areas with plenty of sun, you cannot have sunlight 24/7 all year round. At least, not on Earth. In space, however, you can. For decades, people have been …
Read More »Turkey Plans to Quadruple Wind, Solar Energy Volume by 2035
Turkey will need $108 billion of public and private investment as it aims to quadruple its wind and solar energy power capacity to 120,000 MW by 2035, Energy Minister Alparslan Bayraktar said on Oct. 21. Speaking at an event to announce Turkey’s roadmap in the field of renewable energy, Bayraktar …
Read More »Solar Power Stocks Crash after Demand Warning Across Europe
The renewable energy meltdown continues as solar power company stocks tumbled on Friday morning after solar equipment maker SolarEdge Technologies warned of sliding European demand. “During the second part of the third quarter of 2023, we experienced substantial unexpected cancellations and pushouts of existing backlog from our European distributors,” said …
Read More »China’s Solar Boom: Capacity Set to Hit 1 TW by 2026
China’s solar sector is set to break records in the coming years . When installed capacity crosses the 500 gigawatts (GW) mark by the end of 2023, it will have taken 13 years to reach that milestone. That total, however, will be doubled to 1 terawatt (TW) in just three …
Read More »Solar and Wind Energy Prices Plummet to Record Lows
Europe has experienced negative energy prices several times this year, as the rapid pace of development of solar and wind energy outpaces the region’s ability to cope with excess supply. Electricity prices dropped into negative figures for 7,841 hours during the first eight months of 2024, sometimes to as much …
Read More »U.S. Solar Energy Soars despite Chinese Competition
The U.S. is seeing record solar energy capacity growth each year, thanks to greater public and private investment in the sector. The already rapidly growing solar industry boomed following the introduction of the Inflation Reduction Act (IRA) and other favourable policies. This growth is expected to continue, with several large-scale …
Read More »The Biggest U.S. Solar-Storage Project Launches in Nevada
Nevada is now hosting the largest solar plus battery energy storage system project in the United States after Primergy Solar and Quinbrook Infrastructure Partners announced that the Gemini Solar + Storage project in Clark County is now fully operational. Gemini is one of the latest such sites in the U.S. …
Read More »Saudi Arabia Enters JVs with Chinese Solar Firms
Saudi Arabia has entered into joint ventures with two Chinese solar firms to build solar plants in the country worth some $3 billion, highlighting the oil-rich kingdom’s campaign to boost renewable power production. In the first JV, publicly-traded, China-based JinkoSolar (NYSE:JKS) has announced that it will form a joint venture …
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