Author: solarenergy

Today, Arevia Power announced the signing of a power purchase agreement with NV Energy for the largest solar and battery storage project in Nevada. This groundbreaking project, worth more than $2.3 billion, represents the largest investment in renewable energy in the state’s history. The Libra Solar project is expected to be commissioned in late 2027 and will be located approximately 20 miles south of the Fort Churchill substation in Yerington, near the Mineral County-Lyon County border. “Arevia’s Libra project will have a tremendous impact on the future of clean energy in Nevada,” said Kenneth Cooper, president of IBEW International, which…

The temporary pause on import collection and tariff enforcement on imports of Chinese-origin solar cells and panels from Cambodia, Malaysia, Thailand and Vietnam, which have been found to circumvent U.S. trade laws, expires today. Starting tomorrow, anti-dumping/countervailing duties (AD/CVD) will be imposed on imports of solar panels from the four Southeast Asian countries. In August 2023, the Commerce Department determined that Chinese solar cell and panel manufacturers were operating in Cambodia, Malaysia, Thailand and Vietnam as a way to avoid paying duties on Chinese-made solar products that have been in effect since 2012. The tariffs were extended to solar exports…

Enosi Energy has signed a unique initiative with real estate investment company EG Funds using a aligned energy supply agreement to increase the renewable energy used by commercial properties in Sydney, Australia. June 5, 2024 Ev FoleyBy pv magazine AustraliaNetherlands-based renewables developer Photon Energy has been generating energy for EG Fund properties since January 2024, from its 14.6 MW/27.8 GWh Leeton and Fivebough solar parks. The energy is matched every 30 minutes with the consumption load of two EG Funds buildings in Sydney.Business energy retailer Next Business Energy is also participating in the project.Enosi energy Head of Strategy Grant McDowell…

Investments in solar energy exceed all other forms of energy: IEA More money is being poured into solar power than all other electricity sources combined, with investment expected to reach half a trillion dollars this year, the world’s top energy research body said Thursday. The International Energy Agency (IEA) predicts in a report that global investments in clean energy will reach $2 trillion this year, twice the amount going to fossil fuels. It said combined investments in renewable energy and networks would overtake the amount spent on fossil fuels for the first time in 2023. “Investments in clean energy are…

Chinese manufacturer Longi says it is not closing its factory in Malaysia or shutting down its production lines in Vietnam, but acknowledges it is making production adjustments at these facilities. June 6, 2024 Vincent ShawLongi has denied that it plans to close some of its production facilities in Southeast Asia, in response to rumors on various Chinese social media platforms.The company said it will not gradually close its panel factory in Malaysia, nor will it halt operations on five production lines in Vietnam. It also said the sale to Yingfa Group of two cell production lines, including equipment and facilities,…

Chilean utility Colbún has unveiled plans for a major pumped-storage hydropower project in northern Chile. The facility will use desalinated water from the Pacific Ocean to store energy and use it when it is needed most. June 6, 2024 Marija Maisch From pv magazine ESS news placePumped Hydro (PHES) has long been the dominant energy storage technology worldwide, but today’s fast-growing battery energy storage fleet looks set to take the throne. According to some industry figures, the move to the top in terms of installed gigawatts will likely happen as soon as next year, as batteries become as mature and…

US-based technology provider Torus has agreed to provide nearly 26 MWh of energy storage for Gardner Group’s commercial real estate portfolio. The project will integrate battery and flywheel energy storage systems (BESS, FESS) with Torus’ proprietary energy management platform. June 6, 2024 Blathnaid O’DeaFrom pv magazine ESS news placeS-based energy solutions company Torus has announced the signing of an agreement with real estate developer Gardner Group to provide its proprietary BESS and FESS technologies in one of the largest commercial energy storage projects in the US state of Utah.The agreement will see 26 MWh of systems installed and supported by…

Non-profit carbon markets organization Integrity Council for the Voluntary Carbon Market (ICVCM) today announced the approval of the first-ever carbon credits to be labeled with the Core Carbon Principles, marking a milestone toward establishing a integrity standard for transparency and growth of voluntary carbon markets. Demand for carbon offset projects and related credits is expected to increase significantly in the coming years, as companies increasingly launch net-zero ambitions and turn to offsets as a bridge to their own absolute emissions reduction efforts, or to strike a balance find that is difficult to avoid. emissions. However, the unregulated and fast-growing market…

A new report from the International Energy Agency (IEA) suggests the world could miss out on a target of 11,000 GW of global renewable energy capacity by the end of the decade, as agreed at COP28. It also predicts that solar energy will become the largest source of installed renewable capacity in the world, surpassing hydropower. June 6, 2024 Patrick Jowett Image: American Public Power Association, UnsplashThe COP28 Tripling the Renewable Capacity Promise: Tracking Countries’ Ambitions and Identifying Policies to Close the Gap, says that only 14 of the 194 National Determined Contributions (NDCs) explicitly set out 2030 targets for…

Zonal pricing stimulates regional development and improves investment and operational efficiency. Image: Solar media. The second round of the Review of Electricity Market Arrangements (REMA) was completed in May. Major reforms were on the table, sparking “heated and intense” conversations across the sector, says Ellie Brundrett, net zero project manager for REGEN. Speaking at a panel hosted by PV Tech’s Will Norman on the first day of the UK Solar Summit, Brundrett said that although this was the second round of REMA, the plans remain broad and many questions need to be answered. Adam Berman, deputy director of advocacy at…