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Naked Energy secures GBP 17 million of new equity

Naked Energy has obtained GBP 17 million ($22 million) in new equity. The UK-based photovoltaic-thermal (PVT) system supplier says the investment, led by E.ON and supported by Barclays, will help “supercharge its global expansion.”

Belgium’s Flanders region records 230 MW of January-May solar additions

PV analyst Wannes Demarcke tells pv magazine that solar deployment in the Belgian region of Flanders slowed in the first months of this year. Initial figures show a decline from 2023 levels following the expiration of subsidies and reduced value-added tax on buildings less than 10 years old.

Philippines announces second microgrid auction for underserved areas

The Department of Energy (DOE) of the Philippines has announced a second microgrid auction for underserved areas, opening in August to support more than 12,000 households.

SolarPower Europe calls for stronger cybersecurity measures

SolarPower Europe argues in a new position paper that regulators and policymakers should create a sector-specific strategy to address the growing threat of cyberattacks.

IRENA calls 16.4% annual renewable growth to hit COP28 targets

Statistics from the International Renewable Energy Agency (IRENA) shows that if the world were to continue with a 14% annual growth rate in renewables capacity, as seen in 2023, it will fall 1.5 TW short of meeting deployment targets set at COP28.

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Shinsung E&G secures 47 MW module order for floating solar in South Korea

South Korea’s Shinsung E&G says it will supply 47 MW of modules for the country’s first integrated renewable energy complex. It also recently signed an agreement to expand the deployment of rooftop solar in South Korea.

Bifacial PV, single-axis tracking produces cheapest electricity, says IEA-PVPS

The IEA Photovoltaic Power Systems Programme’s (IEA-PVPS) latest factsheet covers bifacial PV modules and advanced tracking systems. It says a combination of bifacial modules with single-axis tracking could increase energy output by up to 35%.

Somalia opens tender for off-grid solar-plus-storage plants

Somalia’s Ministry of Energy and Water Resources has launched a tender for off-grid solar-plus-storage power plants to serve 46 education facilities in the southeast of the country. The deadline for bids is August 1.

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Biodiversity expanding at 138 MW solar project in Hungary

Ecological monitoring reveals rising plant and bird species diversity at a 138 MW nature-friendly solar park in Hungary during its first year of operation.

Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan 

Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.

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