Global PV manufacturing capacity to reach 1 TW by 2024
PV manufacturing capacity is projected to more than double by 2024, led by China, but oversupply is also anticipated, according to the International Energy Agency (IEA).
New portable system uses PV to produce drinkable water from air moisture
UK scientists have developed Solar2Water, a system that generates twice the amount of water as conventional atmospheric water generators. The system operates efficiently with the same energy input, regardless of air humidity, relying solely on photovoltaics.
PVcase acquires Anderson Optimization
PVcase, a Lithuanian PV software company, has acquired Anderson Optimization and says the integration of the US-based firm’s software could allow it to slash design times from weeks to just 20 minutes.
Futurasun acquires solar perovskite startup
Futurasun, an Italian module manufacturer, has acquired Rome-based Solertix. It now aims to bring its perovskite-based solar cell technology closer to commercial production.
Spanish PV market exposed to over-investment risk by 2030
New data from Afry Management Consulting suggests that Spain’s solar power producers could face prices below €20/MWh before 2030 if renewable penetration continues to increase. Such low prices would render power purchase agreements (PPAs) and merchant projects unprofitable.
PV system collapses on roof of sports facility in Spain
The mayor of Bilbao, Spain, has attributed the recent collapse of a local sports center’s roof to heavy rains and the presence of numerous solar panels, according to local news outlets.
New mergers, acquisitions in Latin America’s renewable energy market
The data, compiled by iDeals-M&A Community, shows that eight M&A deals were announced last month and 10 in the financing and investment sector. pv magazine publishes the complete list.
Madrid to generate green hydrogen using recycled water, PV, biogas
Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.
LevelTen announces PPA auctions
LevelTen Energy says it will offer power purchase agreements (PPAs) through a series of renewable energy auctions.
Chinese solar exports rose by 64% in 2022, says Wood Mackenzie
China exported 154 GW of PV modules, 24 GW of solar cells, and 41 GW of wafers in 2022. In 2026, annual cell and wafer exports could hit 230 GW and module shipments could reach 149 GW, according to Wood Mackenzie.
