Author: solarenergy

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. July 12, 2024 OPISThe Global Polysilicon Marker (GPM), the OPIS benchmark for polysilicon outside China, was valued at $22,567/kg this week, unchanged from the previous week, on buy-sell indications.A source familiar with the global polysilicon market noted that spot polysilicon has been largely unsold for two months, while lower-quality materials are underperforming.However, the global polysilicon suppliers are reporting no production reduction so far, and customers who have long-term agreements with the suppliers are still…

Waste Not, Power Lots In the face of accelerating climate change and the urgent need to reduce our reliance on fossil fuels, renewable energy sources have emerged as pivotal players in the global energy landscape. Renewable energy not only offers a sustainable alternative but also promises to reduce greenhouse gas emissions, enhance energy security, and foster economic growth. Significance of Waste-to-Energy (WtE) and Solar Panels Among the array of renewable energy technologies, Waste-to-Energy (WtE) and Solar Panels stand out as innovative solutions to harness energy from unconventional sources. Waste-to-Energy (WtE) utilizes advanced technologies to convert city solid waste, biomass, or…

Madrid-based independent power producer (IPP) Grenergy has reached financial close of the first two phases of its Oasis de Atacama hybrid solar and battery energy storage project in Chile. July 12, 2024 Marija Maisch Grenergy solar power plant in QuillaguaImage: GrenergieBy ESS newsSpain’s IPP Grenergy has reached financial close of phases 1 and 2 of its Oasis de Atacama project in Chile, which will ultimately feature the world’s largest battery energy storage system.With a capacity of 4.1 GWh of storage and approximately 1 GW of solar energy, Oasis de Atacama is divided into five phases. The Quillagua connection, phase 1,…

EDF has won an Israeli solar tender with a bid of $0.019/kWh, securing a 100 MW project to sell energy at a record price of ILS 0.07 ($0.02)/kWh. July 11, 2024 Lior Kahana Image: Justin LaBerge, FlickrEDF Renewables, a unit of French energy giant EDF, has won the Israeli government’s latest tender to build and operate a new 100 MW solar power plant, according to a statement from Israel’s Ministry of Finance.The company made a bid of ILS 0.07/kWh – the lowest price ever recorded in an energy tender in Israel. The previous lowest bid ever on the Israeli market…

Longi says it expects a net loss of CNY4.8 billion ($660.2 million) for the first half of 2024, while Tongwei is bracing for a loss of CNY3 billion. Aiko Solar and TCL Zhonghuan, meanwhile, forecast losses of CNY2.9 billion and CNY1.4 billion, respectively. July 11, 2024 Vincent ShawSeveral leading Chinese PV companies this week released their financial forecasts for the first half of 2024, pointing to widespread losses in the sector.Long announced an expected net loss to shareholders of CNY4.8 billion ($660.2 million) to CNY5.5 billion, compared with a net profit of CNY9.178 billion in the same period of 2023.…

Researchers in Spain have developed a new PV prediction method that uses only direct radiation as a parameter. They found it “comparable, if not superior” to four established forecasting techniques. The method can help homeowners with PV systems decide when to use electricity-intensive appliances and cleaning systems. July 11, 2024 Lior KahanaA research group led by Spain’s Polytechnic University of Valencia has developed a new single-parameter power prediction method for residential PV installations.The proposed approach defines interval forecast data rather than absolute numbers, the scientists said, noting that it recognizes and transparently communicates the natural variability in solar PV energy…

Formula E champion and ABT CUPRA driver Lucas di Grassi teamed up with Rubicon Carbon, a leading carbon credit management company, to offset his carbon footprint. This partnership marks Di Grassi as the first Formula E driver to invest in carbon credits to tackle his emissions. Di Grassi switches to carbon compensation The rapid growth of motorsport has raised environmental concerns, such as high CO2 emissions. Initially limited, the industry’s sustainable practices now focus on reducing emissions, conserving energy and using renewable sources to tackle climate change and promote greener racing. Formula E shows how a complex, global motorsport industry…

Somalia’s Ministry of Energy and Water Resources has issued a tender for off-grid solar power plants with storage for 46 educational facilities in the southeast of the country. The deadline for bids is August 1. July 11, 2024 Patrick Jowett Image: Aboodi Vesakaran, UnsplashThe Ministry of Energy and Water Resources in Somalia has issued a tender for the design, supply, installation, testing and commissioning of off-grid solar power plants with storage.The factories will serve 46 educational facilities in the Benadir administrative region in southeastern Somalia, which includes the capital Mogadishu. The tender document lists 46 lots, with a minimum PV…

The retail giant has supplemented 100% of electricity consumption in its operations with investments in renewable energy by 2023. July 11, 2024 Ryan KennedyFrom pv magazine USAIn 2019, Amazon set a goal to power all electricity used in its global operations with 100% renewable energy by 2030. The company recently announced that it will have achieved this goal by 2023, seven years ahead of schedule.To be clear, Amazon is not a zero-carbon company. The retail giant uses gas trucks and flies commercial aircraft. Some of the data centers are operated on electricity grids that are still largely based on fossil…

SolarEdge announced that it has achieved significant milestones in the company’s U.S. manufacturing strategy, driven by the incentives offered by the IRA. SolarEdge now manufactures in the US through global electronics contract manufacturers. The first factory in Austin, Texas opened in late 2023 and reached a production rate of 50,000 residential Home Hub inverters in the second quarter of 2024. After opening a second factory in Seminole, Florida, the company recently shipped its first 20,000 Home Hub inverters. Power Optimizers for “domestic content” in Q2 2024. View SPW’s list of domestic solar inverter manufacturers here. When fully operational, the Florida…