2024

Malaysia’s ILB Group Bhd is acquiring Armani Sinar and its solar assets for MYR 98 million ($21 million) in cash. This deal will increase its PV capacity from 13 MW to 30 MW.

The tool has been billed as the world’s first independent daily spot market price assessment for solar panels. S&P Global says it has been launched to aid transparency in technology pricing as solar modules become increasingly commoditized.

Despite global overcapacity, several factors may contribute to a slight increase in solar panel prices in Brazil, with shipping costs and quotas for fiscal exemptions on imported PV modules playing a key role.

Indonesia’s Pertamina Power has revealed plans to build a 500 MW solar project in Bangladesh.

Austrian inverter maker Fronius has cut another 650 jobs due to high inverter inventories and no expected upturn.

The Thermafit Air-Source Modular Multipipe heat pump uses R-454B as the refrigerant and has a size of 30 tons. The manufacturer said the system act as a chiller to cool the building, as a heat pump to heat the building, or as a heat recovery unit to deliver simultaneous heating and cooling.

A recent webinar hosted by Roth Capital Partners looked at the health of the residential solar market and forecasts for next year.

Dutch energy supplier Eneco has partnered with local energy storage manufacturer Charged to trial the use of solar power stored in home batteries of customers with fixed and variable contracts in a bid to alleviate stress on the grid.

South Africa has commissioned its largest wheeling project, with SOLA Group supplying more than 200 MW of solar power to Tronox Mineral Sands via the Eskom network.

Corporate funding in the solar sector reached $16.6 billion in the first half of this year, according to Mercom Capital Group. It says most funding came via debt financing, as venture capital and public market financing fell.