Author: solarenergy
Ingeteam announced that it has supplied central inverters for two Acciona Energy projects in Wharton and Fort Bend counties, just outside Houston, Texas. The first project, with a capacity of 317 MWACconsists of 48 transformer stations equipped with 185 central Ingeteam inverters. This is the first large-scale project that Ingeteam has installed and commissioned for Acciona Energy in the United States. The second project has a capacity of 458 MWAC and is equipped with 71 medium-voltage transformer stations of the Full Skid type, fully integrated with 131 INGECON SUN 3Power C-series central liquid cooling inverters. The contract between the two…
GCL Technology says its revenue reached CNY8.86 billion ($1.3 billion) in the first half of 2024, with a gross loss of CNY553 million, while Xinte Energy says it recorded CNY11.74 billion in revenue and a net loss of CNY 887.02 million for the first half of 2024. six months of the year. August 30, 2024 Vincent Shaw and Valerie Thompson GCL Technology Holdings said it generated CNY8.863 billion in revenue in the first half of 2024, with a gross loss of CNY553 million. The nominal capacity for granular silicon reached 420,000 tons per year, fully utilized. Granular silicon production increased…
New research from Switzerland shows that capex costs for PV projects in the Alps in Switzerland currently range between €2,231/kW and €4,182/KW for ground-mounted projects and up to €3,802/kW and €7,108/kW for wall-mounted and floating projects respectively. August 30, 2024 Emiliano BelliniScientists from Swiss research institute ETH Zurich have investigated the financial viability of PV projects in the Alps and found that the levelized energy cost (LCOE) ranges from €0.097 ($0.10)/kWh to 0.162/kWh.Their analysis was based on 6,561 scenarios with varying investment factors such as capital expenditure, irradiation levels, financing conditions, energy prices and details of the Swiss subsidy scheme.…
BloombergNEF says the global solar industry will install 592 MW of modules this year, a 33% increase from 2023. The consultancy also lowered its estimate for polysilicon production in 2024 as manufacturers temporarily scale back production . August 30, 2024 Patrick JowettAccording to a new report from BloombergNEF, the global solar industry is on track to install 592 GW of modules this year, an increase of 33% from 2023. In its ‘3Q 2024 Global PV Market Outlook’, the company states that ‘low prices for modules will boost demand in new markets this year but hurt manufacturers, who are competing fiercely…
Satellite data improves understanding of solar energy generation in Asia-Pacific Amid the ongoing energy crisis and the growing threat of climate change, the need to harness renewable energy sources has become increasingly urgent. Solar energy in particular is emerging as a leading candidate, with experts predicting that solar energy could become the primary energy source by the end of the century. However, solar energy generation is not without challenges. Like wind energy, solar radiation – the amount of sunlight available in a given region – can fluctuate significantly due to weather conditions, leading to variations in energy output. These variations…
A planning map of the Kintore project. Image: Scala Renewables Group. Despite public objections, planning permission has been granted for a battery energy storage system (BESS) near Kintore in Scotland. XRE Gamma and Scala Renewables Group were granted development consent for the 49.9 MW development, which will consist of 36 batteries, 18 battery integration units and associated works to connect these to a local substation. The proposals were met with significant opposition, with Aberdeenshire Council receiving 51 letters of objection from the local community. Many residents were concerned about the potential impact on wildlife and the ability of local emergency…
Uniper says it has launched its Hydrogen Pilot Cavern (HPC) Krummhörn plant in Germany with almost 500,000 cubic meters of green hydrogen storage, while Air Liquide has opened a 20 MW electrolysis plant in Oberhausen, Germany. August 30, 2024 Sergio MatalucciHygreen and Andalusian based Coxabengoa have signed a strategic agreement to collaborate on the advancement of hydrogen technology, market expansion for electrolyzer solutions in Europe and expansion of production capacity. “This agreement enables Hygreen Energy to rapidly grow its industrial capabilities within the European market while repositioning itself for the global market grow, while broadening its commercial reach and expanding…
Early this year, Thrive Renewables opened its largest battery energy storage system (BESS) to date, a 30MWh facility in Bristol. Image: Renewable energy sources thrive. Renewable energy investment company Thrive Renewables has entered into a joint venture with TopCashback which it says will help finance the next phase of the UK’s net zero transition. The partnership with TopCashback Sustainability, the impact investing wing of the UK cashback site, will unlock up to £80m of partnership capital, which will be deployed over four years to directly fund sustainable projects in the UK. Thrive partners with investors and developers to finance, build…
In a new weekly update for pv magazineOPIS, a Dow Jones company, provides a brief overview of the major price trends in the global PV industry. August 30, 2024 OPISIn the Chinese marketThe Chinese Module Marker (CMM), the OPIS benchmark rating for TOPCon modules from China, was assessed at $0.095/W, stable week-on-week on unchanged market fundamentals. Market participants said TOPCon prices below $0.09/W FOB China were still circulating in the market. Cargoes below $0.09/W FOB China were sold at a loss to maintain market share and generate cash flow, an industry source said. For major module makers, maintaining cash flow…
Fluency enSights has announced it is launching a new BESS calculator to enable developers and asset owners to take full advantage of the vast energy storage sector by optimizing battery size for maximum financial returns based on energy market and grid support capabilities. Replacing the expensive and labor-intensive BESS system design, the calculator instantly generates financial projections and recommends the ideal battery size and operating modes to introduce economies of scale in battery deployment. The calculator provides insight into decision-making and presents simple visualizations of energy and cash flow. “While the rapidly growing energy storage market offers many opportunities, it…