Author: solarenergy

JinkoSolar says it has achieved an efficiency of 33.24% for its perovskite-silicon tandem solar cells, confirmed by the Shanghai Institute of Microsystem and Information Technology under the Chinese Academy of Sciences (CAS). May 31, 2024 Emiliano Bellini Chinese solar module maker JinkoSolar said it has achieved an energy conversion efficiency of 33.24% for a perovskite-silicon tandem solar cell based on n-type wafers.The company said the results were certified by the Shanghai Institute of Microsystem and Information Technology under the CAS. In previous attempts, JinkoSolar achieved a cell efficiency of 32.33% for the same device configuration.“This breakthrough in conversion efficiency for…

Harmony Energy Income Trust is debating selling parts of its BESS portfolio. Image: Harmony energy Harmony Energy Income Trust (HEIT) has canceled its first-quarter dividend and appointed JLL to sell all or part of its BESS portfolio, in part to demonstrate that the fund is undervalued by the markets. Despite a 48% quarter-on-quarter increase in sales in the three months to April 30, the company has now engaged JLL to “seek offers for some or all of the company’s assets, to maximize value and continue demonstrate disconnection from the company. the share price,” it said yesterday (May 30). The share…

JinkoSolar says its exclusion from BloombergNEF’s second quarter list of solar module makers was due to a civil case involving a subsidiary, rather than financial problems. May 31, 2024 Emiliano Bellini JinkoSolar has issued a series of statements regarding its recent exclusion from BloombergNEF’s list of tier-1 solar module manufacturers for the second quarter of this year. The list mainly focuses on the financeability of PV modules.The company said in a statement that the delisting was due to a civil lawsuit involving the Chuzhou unit and arrears of CNY 2,190 ($308), and not due to financial problems or other irregularities.…

While most long-term energy storage (LDES) technologies are still in their early stages and expensive compared to lithium-ion batteries, some already have or will soon have lower costs for longer periods, BloombergNEF notes. May 31, 2024 Marija Maisch A 250 kW / 1 MWh AirBattery system built by AugwindImage: AugwindFrom pv magazine ESS news placeInterest in long-term energy storage (LDES) is growing rapidly as demand for clean, firm capacity grows. Because most LDES technologies are still in their infancy, information about their costs is not yet widely available. In its first LDES cost survey, BloombergNEF brings transparency to the matter.In…

In a new weekly update for pv magazineSolcast, a DNV company, reports that a strong polar jet stream and a record-breaking heat dome in May resulted in a stark contrast in radiation patterns across North America. The western and central US, along with Mexico, experienced higher than normal insolation, while the Gulf and East Coast regions experienced lower insolation. May 31, 2024 SolcastA strong polar jet stream and a record-breaking heat dome in May resulted in a stark contrast in radiation patterns across North America. The western and central United States, along with Mexico, experienced higher-than-normal insolation, while the Gulf…

Torus is embarking on one of the largest commercial energy storage projects in Utah. Thanks to a landmark agreement signed with Gardner GroupTorus will provide nearly 26 MWh of energy storage capacity for Gardner Group’s commercial real estate portfolio.Under the agreement, Torus will install its Torus Station energy storage and management systems at multiple Gardner Group properties. The stations will integrate advanced battery energy storage systems (BESS) with Torus’ proprietary software platform, enabling intelligent energy management, demand response capabilities and seamless integration with renewables and EV charging infrastructure.“This deal demonstrates the growing demand for advanced energy storage solutions in the…

The California Public Utilities Commission has voted to approve one revised proposal for decision on the state’s community solar program on May 30, which solar advocates warned would not correct course for a failing sector. Derek Chernow, Western Regional Director of the Coalition for Community Solar Access (CCSA), provided the following response to the CPUC’s vote on the future of the state’s community solar program: “Today’s Commission vote ignored the will of the California Legislature and the broad coalition of taxpayer, equity, environmental, labor, agriculture and business groups that have been demanding a functional community solar program for more than…

Canada’s Brookfield Asset Management has unveiled plans to buy France-based Neoen for 6.1 billion euros. May 31, 2024 Gwénaëlle Deboutte By pv magazine FranceCanada’s Brookfield Asset Management has entered exclusive negotiations with Neoen’s major shareholders to acquire a 53.32% stake in the French renewable energy company.If the deal is completed, Brookfield Asset Management will acquire a 100% stake in Neoen. Brookfield offered €39.85 per share, for a total amount of approximately €6.1 billion.“The acquisition of Neoen strengthens Brookfield’s global reach, while diversifying operations in key renewable energy markets and providing significant expertise in battery storage technology,” said Connor Teskey, CEO…

The carbon offset market shrank dramatically last year, from US$1.9 billion ($1.5 billion) in 2022 to US$723 million in 2023, a new report shows. The decline came after a series of scientific and media reports showed that many compensation schemes are doing nothing to alleviate the climate crisis and biodiversity loss.The research from Ecosystem Marketplacea non-profit initiative that collects data on the carbon market from brokers and traders found that the market had shrunk by 61%.It attributed the cutback to a flurry of scientific studies and media reports that concluded millions in compensation were “worthless,” with some projects linked to…

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. May 31, 2024 OPISFOB prices in China for M10 wafers continued their downward trend this week. Prices for Mono PERC M10 and n-type M10 wafers decreased by 5.37% and 7.95% from week to week, reaching $0.141 per unit (pc) and $0.139/pc, respectively.G12 wafer prices in FOB China remained relatively stable this week, with Mono PERC G12 and N-type G12 wafer prices flat at $0.236/piece and $0.238/piece, respectively.According to OPIS market research, the average transaction…