Solar becomes Spain’s top power source in 2024
Spain’s solar PV capacity reached 6 GW in 2024, making it the country’s top power source with a 25.1% share, surpassing wind at 24.9%. Renewable generation grew 10.3%, accounting for 56.8% of total electricity production.
Tunisia greenlights 500 MW of solar
The Tunisian government has granted licenses to four PV projects with a combined capacity of 500 MW. The selected developers are Qair International, Voltalia, Toyota Tsusho and Scatec.
European PPA prices down in February amid lower deal volumes, says Pexapark
European power purchase agreement (PPA) prices fell in February amid sliding energy commodity prices, but deal flow held steady, says Swiss energy consultancy Pexapark, noting that a “landmark” 40-year, 15 MW solar PPA was signed in Wales.
China announces procurement of sodium-ion batteries with price ceiling at $150/kWh
The innovative project located in a suburban district in the south of Shanghai will integrate five different energy storage technologies, including sodium-ion batteries. Its first phase will have a cumulative capacity of 40 MW/160 MWh.
Israel plans two different tariffs for rooftop solar under net metering
Israel is considering two new tariff rates for selling excess electricity from home solar installations back to the grid. The first will offer a higher rate for the first five years, before dropping beneath the current rate, while the second will link the tariff to inflation. A consultation is open until April 4.
Australia’s rooftop solar hits record 3.2 GW in 2024
The Clean Energy Regulator’s quarterly carbon market report finds rooftop solar capacity in 2024 is likely to have been about 3.2 GW and could set an Australian record.
France extends collective self-consumption to 5 MW
After being exempted from excise duty up to 1 MW just over a month ago, the maximum power threshold for collective self-consumption has been raised from 3 MW to 5 MW in mainland France.
Dutch regulator launches probe into home solar feed-in costs, compensation
The Dutch Authority for Consumers and Markets (ACM) says it will study how energy companies are incorporating home solar costs into prices, as feed-in costs have risen 10% over the past month.
Mexico defines role of energy storage in national electric system
The administrative provisions regulating the integration of EES into the National Electric System are in effect as of Monday. The incorporation of 8,412 MW of EES is planned for the 2024-2038 fiscal year.
U.S. residential solar declined 31% in 2024
Wood Mackenzie reports that the United States installed around 4.7 GW of new residential PV capacity in 2024.
