Author: solarenergy

US-based First Solar posted first-quarter revenue of $794 million, beating consensus estimates by about 10%. May 3, 2024 Ryan KennedyFirst Solar has reported its first quarter earnings through March 31, 2024, beating Wall Street consensus expectations for both revenue and earnings per share. The manufacturer of thin-film cadmium telluride solar panels largely maintained its full-year 2024 earnings guidance.The company posted revenue of $794.11 million in the first quarter, beating Wall Street consensus estimates by about 10%. It also delivered an 8.68% surprise to EPS estimates, coming in at $2.20 for the quarter.First Solar reiterated its guidance for all of 2024,…

Brendon Quinlivan Brookfield Property Luminance will acquire two PV facilities from ECA Solar with a combined capacity of 10 MW, located in Delmarva Power & Light’s service area in Delaware. The facilities are expected to fully power the 2,500 homes participating in the utility’s community solar program. Total investments in these projects are expected to exceed $25 million. “Our recently announced relationship and associated portfolio with ECA Solar enables access to clean, renewable solar energy for residents and businesses across Delaware and continues to grow a broader footprint of community solar assets in Delaware,” said…

Challenges to solar energy adoption in rural Ethiopia Despite the falling costs and increasing accessibility of home solar energy systems, significant barriers hinder their widespread use in remote areas of developing countries, such as Ethiopia, where they could significantly improve healthcare and education. Cheap, yet uncertified and inferior solar panels, together with limited government involvement in rural energy transition, hinder access to reliable electricity for these communities. When homes use solar energy, it replaces harmful kerosene lamps, providing a healthier, more environmentally friendly alternative and allowing children to study in the dark. “Understanding the dynamics of renewable energy adoption in…

A World Trade Organization (WTO) official and several Italian lawyers recently spoke pv magazine Italy on the timing of a possible Chinese legal challenge to Italy’s new solar measures, which offer incentives only for high-quality PV modules produced in the European Union. May 3, 2024 Sergio MatalucciThe Italian government’s National Recovery and Resilience Plan (NRRP) 2, published in the country’s official gazette in March, introduces new fiscal credits for the purchase of components for sustainable energy projects.The PV tax credits can cover up to 35% of the cost of solar panels and will be awarded to projects that exclusively use…

Denmark will purchase at least 6 GW of offshore wind energy capacity to potentially produce hydrogen, while Orlen says it will use a European Commission grant to build 16 hydrogen filling stations in Poland. April 23, 2024 Sergio Matalucci Image: Danish Energy Agency Orlen will use a recent grant from the European Commission to build 16 hydrogen filling stations in Poland and set up a green hydrogen production facility. The Polish oil refiner and gasoline retailer said that it has received half of the total grants of more than €120 million ($128.5 million) allocated to hydrogen refueling infrastructure projects, marking…

An international team of researchers has proposed a series of processes to recover silicon and other metals from recycled solar cells. Their goal is to reuse the recovered silicon in the PV supply chain. May 3, 2024 Lior KahanaA European group of scientists has investigated the technical feasibility of physical recovery of the metal contacts from solar cells recovered from waste solar panels and the qualification of the recovered silicon for reuse in the PV supply chain.“This reality urgently calls for the design and implementation of affordable, effective and large-scale strategies for recycling and reuse of all PV components, and…

Can Gio Mangrove Forest in HCMC has great potential to enter the carbon credit market (Photo: SGGP) Statistics from the Center for People and Nature (under the Vietnam Union of Science and Technology Associations (VUSTA)) show that Vietnam had issued about 29.4 million carbon credits from 276 projects under the Clean Development Strategy as of the end of November 2022. Mechanism (CDM) for the mandatory carbon market, mainly in the areas of hydropower, renewable energy, biomass energy and energy efficiency. The voluntary carbon market has been formed with 32 projects, releasing 5.75 million carbon credits in the fields of hydro,…

The 1.5°C ImperativeTo avoid catastrophic climate change, we must stabilize the global climate at 1.5°C above pre-industrial levels. This requires drastic action: global greenhouse gas emissions must be halved by 2030 compared to 2020 and reach Net Zero by 2050. The Intergovernmental Panel on Climate Change (IPCC) suggests that to meet the 1.5°C climate target, global greenhouse gas emissions in 2050 should not exceed 7 billion tons, and 19 billion tons to stay within a 2°C limit.Achieving this requires rapid reductions of our current emissions levels, as well as scientific and technological advancements in carbon sequestration and removal (see: Exceeding 1.5°C…

Credit: Ampion renewable energy Governor Glenn Youngkin signed SB 253/HB 106 and SB 255/HB 108, sponsored by Senate Majority Leader Scott Surovell (D-Fairfax County) and Rep. Rip Sullivan (D-Fairfax County), to expand Dominion Energy’s shared access to solar improve and expand areas and create a shared solar program for customers in southwestern Virginia. “This legislation enables the continued advancement of shared solar energy in Virginia and proves that both sides of the aisle recognize the value that local energy can provide to their constituents,” said Charlie Coggeshall, Mid-Atlantic regional director of the Coalition for Community Solar Access. “We look forward…

GCL Technology said sales and profits declined in 2023 due to losses on certain assets, higher financing costs and an increase in R&D expenditure. May 3, 2024 Vincent Shaw and Valerie Thompson GCL Technology Holdings Revenue fell 6.2% to CNY33.70 billion ($4.65 billion) in 2023, from CNY35.93 billion a year earlier. Profit attributable to owners fell 84.3% year-on-year to CNY 2.51 billion. The company attributed its performance to losses on certain assets, higher financing and administrative costs and rising R&D expenses, which reached CNY 1.87 billion, up 11.1% from 2022. GCL Technology said it had a initiative for the buyback…