Author: solarenergy
In the second interview in a series held at Intersolar 2024, pv magazine spoke to Karen Tang, editor-in-chief for Europe at Singapore-based market research firm OPIS, about the strong pressure on prices across all segments, including the downstream business. She defined the current market situation as “unhealthy” and “bleak” for the PV industry, although she acknowledged that overcapacity also makes solar energy extremely competitive compared to all other energy sources. Tang also expects pressure on electricity and gas prices to continue this year. June 24, 2024 Jonathan Gifford Karen Tang and pv magazine editor with Jonathan Gifford at the pv…
Energizer solar energya licensee of Energizer Holdings, will distribute its solar products to the North American market through its headquarters in California ATG E power. “Energizer Solar’s product range has already made waves in the renewable energy sector and has achieved notable success in Australia and Europe,” said Nicholas Sweeney, co-founder of Energizer Solar. “Our comprehensive solar ecosystem, designed with both homeowners and installers in mind, transforms the way energy is managed and consumed.” Energizer Solar’s product range includes energy storage systems, solar inverters, EV chargers, as well as portable power stations and foldable solar panels designed for outdoor activities…
At least 22 people, most of them foreigners, were killed in a massive fire at a South Korean factory that produces non-rechargeable lithium batteries in the city of Hwaseong, just south of Seoul. The cause of the fire is still under investigation. June 24, 2024 Marija Maisch From pv magazine ESS news placeAt least 22 people were killed in a fire at a primary lithium battery factory in South Korea on Monday morning, local officials said.The fire broke out at a factory of battery manufacturer Aricell in Hwaseong, Gyeonggi province, about 50 kilometers southwest of Seoul.After nearly five hours, the…
Israel’s Ministry of Energy says it will exempt hybrid solar inverters from purchase taxes and customs duties. It is argued that these policy mechanisms will help during energy crises. June 24, 2024 Lior Kahana Hybrid solar inverters are needed to install storage-plus-solar systems. The ministry said it hopes this move will boost storage systems. Solar users can take advantage of the tax cuts now, buy inverters and install storage systems later.The ministry also suggested that users of solar-only systems purchase hybrid solar inverters with operational storage capabilities. This allows electricity generated during the day to be used during network outages…
Masdar has agreed to initially acquire 67% of Greece’s Terna Energy, a developer of clean energy infrastructure, in a €3.2 billion deal. June 24, 2024 Ilias TsagasMasdar, an Abu Dhabi renewable energy developer, has agreed to acquire a majority stake in Greek energy company Gek Terna.Masdar said in a press release that it has “signed a definitive agreement with Gek Terna and other shareholders to initially acquire 67% of the outstanding shares of Terna Energy upon completion of the transaction at a price of €20 per share.”Masdar added that the acquisition price represents an equity valuation of €2.4 billion and…
The introduction of the W&I policy aims to increase the confidence and perceived quality of carbon credits. Credit: BOY ANTHONY/Shutterstock. Global insurance intermediary group Howden has placed the first Carbon Credits Warranty and Indemnity (W&I) insurance policy, marking a significant development in the voluntary carbon market. This policy provides coverage for the sale of carbon credits generated by Mere Plantations’ reforestation project for degraded forest areas in Ghana, West Africa. Mere Plantations, headquartered in Britain, owns and operates a teak plantation in Ghana and “is endorsed by a leading managing general agent (MGA)”. The introduction of the W&I policy aims…
The National Renewable Energy Laboratory noted an increase in spontaneous glass breakage in solar panels. The Renewable Energy Test Center’s PV Module Index examines these and other glass-related trends in solar energy production. June 24, 2024 Ryan KennedyBy pv magazine USAGlass is a unique material used for its chemical stability and visual transparency. It is often used in solar panels as a protective outer layer.In his annual Index of PV modulesthe Renewable Energy Test Center (RETC) examined emerging issues in solar glass production and field performance. Reports were found of a worrying increase in solar panel glass breaking spontaneously in…
Xing Mobility has released its Immersi XE50 battery system, designed for renewable energy applications as well as commercial and residential use. The Taiwan-based company says its solution can reach up to 1500 V. June 24, 2024 Carrie Hampel From pv magazine ESS news placeThe battery manufacturers say the new XE50 battery highlights how XING Mobility’s battery module technology drives energy storage system performance upgrades. Immersion cooling battery technology, Xing says, addresses the critical safety and thermal management challenges in high-voltage batteries.As the name suggests, Xing Mobility started its journey into the world of electrical machines in the automotive sector. As…
A Bangladeshi-Chinese joint venture plans to build a 100 MW ‘semi-agrivoltaic’ project in Madarganj, Bangladesh. The facility will produce green chillies, turmeric and ginger. June 24, 2024 Syful Islam Image: Mariana Proenca, UnsplashA joint venture between China’s CREC International Renewable Energy Co. and the BR Powergen Ltd. (BRPL) of Bangladesh has agreed to set up a 100 MW solar power plant in Madarganj, Jamalpur district, Bangladesh.BRPL director Dhurjjati Prosad Sen said pv magazine that the power plant will be built on 350 hectares of land with an estimated cost of $170 million. The factory is expected to come online in…
Two pilot projects integrate PV into noise barriers, one along a railway line near Vilnius, and the other along the E5 national highway connecting the cities of Kaunas and Vilnius. June 24, 2024 Valerie ThompsonLithuania-based solar panel manufacturer SoliTek and Stalcorp, a Lithuanian supplier of noise-reducing foam and sound-absorbing walls, are participating in two pilot projects integrating PV into noise barriers, one along a railway line near Vilnius and the other along the E5 national highway connecting the cities of Kaunas and Vilnius.The Lithuanian railway operator LTG Infra, part of the Lithuanian Railways, installed a wall 70 m long and…