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Solar corporate funding falls 24% to $26.3 billion in 2024

Mercom Capital Group says inflation, high interest rates, trade disputes and policy ambiguity all contributed to a drop in corporate funding and merger and acquisition (M&A) activity in the solar sector last year.
Markets & Policy

All renewables PPA structures at a glance

German scientists have identified 18 typologies of power purchase agreements for the renewable energy market. Their research is intended to support policymakers, scientists and investors in implementing their own PPA analysis and choices.
Installations

MENA region hits 24 GW (AC) of total solar capacity

The Middle East Solar Industry Association’s (MESIA) latest report says solar capacity in the Middle East and North Africa (MENA) region grew by 25% in 2024, with local manufacturing and energy storage also accelerating.
Announcements

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Special Edition Energaïa 2024

On the occasion of Energaia 2024 in Montpellier, pv magazine is publishing a special edition on the latest developments in the French photovoltaic market.

 

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Energy Storage

The Hydrogen Stream: USGS unveils map of US geologic hydrogen resources

The US Geological Survey (USGS) has released its first map of potential geologic hydrogen reserves in the United States, while Plug Power has secured a $1.66 billion US government loan guarantee to scale low-carbon hydrogen production nationwide.
Markets & Policy

Chinese PV Industry Brief: Longi issues net loss warning for 2024

Longi has issued a profit warning for 2024, forecasting a net loss of up to $1.11 billion – a sharp decline from last year’s profit of $1.42 billion.
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Markets & Policy

Wood Mackenzie warns of upstream sector impact from delayed transition

Wood Mackenzie says that a 30% increase in upstream spending will be needed to meet stronger oil and gas demand under a delayed energy transition. The research firm warns that this scenario could strain supply chains, inflate costs, and push Brent crude ...
Highlights

TOPCon IP battle intensifies with Qcells launching infringement notices

Qcells has launched an intellectual property (IP) dispute over alleged unauthorized use of its patented laser-enhanced contact opening (LECO) tech in tunnel oxide passivated contact (TOPCon) solar cells. The case underscores rising tensions in the PV ind...
Installations

Construction begins on 12 MW Swiss alpine PV project

Work has begun on the Swiss Madrisa Solar project, a 12 MW alpine PV installation located at an elevation of 2,000 m near a ski resort of the village of Klosters. It is part of the Solar Express initiative designed to boost domestic winter energy product...

Press Releases

The 15th Clean Energy Expo China (CEEC 2025)

During the crucial period when the world is focusing on sustainable development and addressing climate change, clean energy has become the core driving force for energy transformation. As a leading country in clean energy investment, production, and consumption, China is actively promoting global clean energy governance.

JinkoSolar Leads ESG Scores Among Top 5 Module Manufacturers, Setting the Benchmark in Sustainability

Recently, S&P Global released the latest Corporate Sustainability Assessment (CSA) results. JinkoSolar achieves an impressive ESG score of 69, ranking first among the top five PV module manufacturers.

KSTAR Shines at World Future Energy Summit 2025: Empowering MENA’s Renewable Energy Transformation

From January 14th to 16th, KSTAR showcased its extensive portfolio of innovative energy solutions at the World Future Energy Summit 2025, held at the Abu Dhabi National Exhibition Centre.

GoldenPeaks Capital acquires 400MW of ready-to-build assets from December 24 to January 25

GoldenPeaks Capital has further expanded and strengthened its commitment to the Polish solar energy market by successfully acquiring further 400MW of ready-to-build assets from December 2024 to January 2025.

Opinion & Analysis

Featured

Jet stream shift brings gloom to Northern Europe in December

In a new weekly update for pv magazine, Solcast, a DNV company, reports that december brought striking contrasts in solar irradiance across Europe, with Northern Europe experiencing irradiance levels up to 30% below the already dim seasonal average, while regions south of Europe’s major mountain ranges saw irradiance up to 30% above typical levels.

‘Technical expertise is often questioned more rigorously when exhibited by women’

This week, Women in Solar Europe (WiSEu) gives voice to Brigite Gonçalves, Head of Utility-Scale PV Business Developer at Portugal’s EnergyCon. She says Women in the solar industry face unique challenges, such as underrepresentation in decision-making roles and the persistence of unconscious biases. “To achieve equity, the solar sector must prioritize structural changes, including accessible mentoring and sponsorship programs tailored for women,” she states.

Global solar module prices mixed on varying demand expectations

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Optimizing photovoltaic systems: Best practices for economic, technical key performance indicators

As the global solar energy industry grows, so does the need for accurate monitoring of performance and financial viability. The latest report by IEA PVPS Task 13, “Best Practice Guidelines for the Use of Economic and Technical KPIs,” provides a comprehensive framework to address this issue. This article explores the importance, methodologies, and applications of Key Performance Indicators (KPIs), with a focus on their role in optimizing PV systems.

The fastest energy change in history continues

Solar and wind are being installed at a rate that is five times faster than all other new electricity sources combined. This offers compelling market-based evidence that PV and wind are now the most competitive and practical methods for deploying new generating capacity.

European solar market 2024-2025: balancing growth, challenges and opportunities

Markus Hoehner and Rajan Kalsotra, CEO and Senior Consultant at the Bonn-based EUPD Research, discuss the growth trajectory, challenges and opportunities within the EU solar PV market, focusing on policy support, pricing trends, module shipments and future projections.

Markets & Policy

Featured

Advansor launches CO2 plug-and-play heat pumps

The Danish manufacturer said its novel CO2 heat pumps can reach a water inlet temperature of 40 C and a water outlet temperature of 95 C. The systems have purportedly a combined coefficient of performance of up to 5.56.

SoliTek launches made-in-Lithuania, high-voltage C&I battery energy storage solution

The new 51.2 kWh modular storage system connects to European wholesale electricity markets such as NordPool and uses artificial intelligence (AI) to track and analyze dynamic tariffs. It offers three-phase backup and is virtual power plant-ready.

Demand drives up some European electricity prices

A rise in electricity demand led to an increase in electricity prices across some European markets last week, while a drop in gas prices contributed to lower prices in others, according to AleaSoft Energy Forecasting’s latest analysis.

Fire at California’s Moss Landing battery plant triggers evacuation

The cause of the fire has not yet been determined, but an investigation will begin once the fire is extinguished.

Analysts warn of looming risks to US battery storage under Trump

Clean Energy Associates says it has identified five looming risks to the US battery energy storage industry, as analysts predict significant policy shifts under US President Donald Trump’s upcoming administration.

China begins building first GW-scale residential VPP

China is building its first gigawatt-scale residential virtual power plant (VPP) in Jiangsu province. The project will connect millions of high-power household appliances to a cloud-based energy pool to improve grid stability and boost renewable energy use.

Installations

Featured

Lightsource bp drops 300 MW solar project due to public opposition

Lightsource bp has abandoned plans for a 300 MW solar project in the US state of Ohio due to opposition from local residents.

Africa adds 2.5 GW of solar in 2024

The African Solar Industry Association (AFSIA) says utility-scale projects dominated Africa’s new solar additions in 2024, with storage installations surging tenfold.

U.S. scientists building magnetocaloric heat pump with high system power density

Developed at the U. S. Ames National Laboratory, the novel magnetocaloric heat pump utilizes gadolinium as the working medium and reportedly matches current vapor-compression heat pumps for weight, cost, and performance. The system is based on a packed-particle bed active magnetic regenerator, a magnetic source composed of permanent magnets and high permeability magnetic steel.

Solis releases three-phase string C&I inverters with fuseless design

The Chinese inverter said its new inverters have an MPPT current of up to 54 A and support more than a 150% DC/AC ratio. The new products also feature a maximum efficiency of 98.8% and a European efficiency rate of 98.3%.

Tunisia launches 200 MW solar tender

The Tunisian authorities have launched tenders for two 100 MW solar plants.

UAE, Italy, Albania announce cross-border green energy cooperation plans

The United Arab Emirates, Italy, and Albania plan to cooperate on gigawatt-scale renewable projects in Albania and a cross-border transmission link to deliver power to Italy.

Technology

Featured

India eyes self-reliance in battery cells with lithium recycling push

India could achieve self-reliance in battery cell manufacturing by domestically recycling lithium and reusing it in batteries, an Indian government official claimed this week at a battery manufacturing conference in in New Delhi.

European consortium develops perovskite-CIGS tandem modules for distributed solar PV

A European project aims to develop flexible tandem perovskite-CIGS solar technology to make 25%-efficient 100 cm2 modules with a variety of substrates for decentralized solar PV applications. The project entails using processes that are scalable for roll-to-roll production.

Swiss company Synhelion to start producing solar fuels in Spain in 2027

The company has signed a long-term purchase agreement for solar gasoline with AMAG Group, which will purchase 50,000 liters of solar gasoline per year from Synhelion’s RISE plant in Spain starting in 2027.

Wind tunnel tests show spacing between panels is key to reduce soiling

Scientists have placed four PV panels in a 21-meter wind tunnel and run different tests regarding tilt angles, mounting height, spacing, and incoming flow direction. They found that when the spacing between panels exceeds twice the panel height, the mutual influence on dust deposition becomes negligible.

Open-source dataset for rooftop PV generation in urban environments

A group of scientists has developed an open-source dataset comprising three years’ worth of data from Hong Kong’s largest behind-the-meter rooftop solar power project. Power generation was collected at 5-minute intervals, and meteorological data at 1-minute.

U.S. startup offers solar-oriented software for site-specific weather, variability scenarios

Sunairio has launched software that features high-resolution historical climate data and high-resolution future climate models to provide insights into site-specific risks. It recently raised venture capital to expand into new markets for its solar and wind portfolio-oriented software.

Manufacturing

Featured

A copper-bottomed answer to solar’s silver dependence

The solar industry has dragged its heels on the issue of silver-dependence for cell metallization, but China’s Jiangsu Xianghuan Technology (JXTC) is moving into commercial production with a copper plating process that overcomes many of the challenges that have limited interest from cell manufacturers.

Scientists design concentrating PV system equipped with cooling, waste heat recovery tech

Scientists in Iran have designed a CPV system that integrates a paraffin-based nanomaterials cooling system with fin, as well as thermoelectric generators that turns wast heat into electricity. Simulated results demonstrated that, with the cooling system in place, the PV efficiency improves by approximately 16.46% in clean conditions.

Miniature field testing shows alpine PV array performs better than expected

Researchers have constructed a miniature PV field at an altitude of 2,500 m in Switzerland. They tested it across 80 different positioning settings and compared the results to the guidelines provided by the Swiss government for a subsidy program. They found that the simulated yield was underestimated by up to 16%.

Optimized gettering can improve heterojunction solar cell efficiency by 0.21%

Researchers in China have investigated the impact of phosphorus diffusion gettering on industrial silicon heterojunction solar cell and have found that, with an optimized gas flow, higher efficiencies can be achieved.

Laser tools for solar pylon, tracker alignment

Laser Tools Co. updated its laser-guided toolkits for ground-mounted solar installations.

Sungrow launches new inverter for C&I applications

Sungrow says its new SG150CX inverter, launched this week at the World Future Energy Summit in Abu Dhabi, achieves 98.8% efficiency and 98.2% European efficiency. It is designed for commercial and industrial (C&I) applications.

Energy Storage

Featured

Envirostream Australia signs battery recycling deal with Hithium Energy

Envirostream Australia, a subsidiary of Livium, has signed an exclusive recycling agreement with Hithium Energy to recycle lithium-ion batteries supplied by Hithium to Lightsource bp’s Woolooga solar farm in Queensland, Australia.

China’s CGN New Energy announces winning bidders in 10 GWh BESS tender

CGN New Energy has selected seven winners from 50 bidders in its 10 GWh battery energy storage system (BESS) tender, with the lowest bid at CNY 0.458/Wh ($63/kWh).

Researchers in Spain test energy-community and battery storage electricity market model

The proposed distributed-asset network model involves energy communities and battery energy storage systems (BESS) that would eliminate the need for expensive facilities.

Polat Energy, Rolls-Royce partner on Turkey’s largest battery storage project

Polat Energy and Rolls-Royce are collaborating on Turkey’s biggest battery energy storage project, a 132 MWh system co-located with an operating wind farm.

Regulations, solar resources shaping growth of US energy storage

A new report from GridBeyond examines how regulations and solar resources drive prices in the United States.

Indian battery manufacturer opens 1.5 GWh lithium-ion plant for EVs, storage

Neuron Energy has opened a 1.5 GWh lithium-ion battery plant in Chakan, India, to produce batteries for electric vehicles, energy storage, and telecom solutions.