Solar may have had a peak year in 2024, as persistent challenges in interconnection labor and more are forecast to lead to 1% annual declines through 2035, said a report from Wood Mackenzie.
TBEA says it will invest CNY 10.16 billion ($1.4 billion) in 3 GW of solar and wind projects with storage, backed by equity and syndicated loans, as part of plans to complete the solar plant by 2025 and wind project by 2026.
The main source of production for the month was nuclear (22.1%), followed by hydroelectric (20.2%), wind (17.3%), photovoltaic (14%) and combined cycle (13.8%). In addition, 237 GWh have been supplied to storage facilities and 1,214 GWh have been scheduled to export energy to our neighbouring countries.
Construction of the Maryvale Solar and Energy Storage project is set to begin in the coming weeks with renewables developer Gentari pressing go on the DC-coupled hybrid project being built in central western New South Wales.
Juniper Green Energy has commissioned a 100 MW solar project in Rajasthan that will supply electricity to Bhutan under a cross-border power agreement.
The 20-year power purchase agreement (PPA) will see PowerX, South Africa’s first licensed private sector electricity trader, distribute the energy produced to its customers via connection to the national grid.
Analysis by S&P Global suggests new power pricing measures in China could bring a rush of new installations in the country during the first half of the year and lead to an increase in solar module prices first domestically, then internationally.
Canada installed 314 MW of solar in 2024, bringing its cumulative installed PV capacity to more than 5 GW, says the Canadian Renewable Energy Association.
South Africa’s energy regulator registered 142 solar facilities totaling more than 1.1 GW of capacity in the third quarter of the 2024/25 fiscal year, bringing total registered generation capacity to more than 10.5 GW since 2018.
The information was confirmed by Francesco Del Pizzo, president for grid development strategies and dispatching at the Terna Group.
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