Solex Energy targets 5 GW of solar cell, 15 GW of panel manufacturing capacity by 2030
India-based Solex Energy plans to invest INR 8,000 crore ($954.5 million) by 2030 to achieve 5 GW of solar PV cell manufacturing capacity and 15 GW of module capacity.
811 MW/3.6 GWh of storage projects set for Spain’s PERTE funding
Pending approval, a total of €167.6 million ($187.1 million) has been allocated toward 46 standalone thermal and electrical energy storage projects, with a cost range from €170/kWh to €409/kWh.
Hinen unveils all-in-one home energy storage solution
Chinese manufacturer Hinen has launched an integrated battery energy storage system with power options ranging from 3.6 kW to 25 kW for on- and off-grid residential applications.
97 MW Matarani plant begins operation in Peru
Acquired by Yinson Renewables earlier this year, the project is expected to reach an annual production capacity of 260 GWh.
Dracula Technologies relaunches production of organic photovoltaic modules in France
The Valence plant can produce 150 million square centimeters of active surface area of OPV modules using its inkjet printing technology, with the aim of quadrupling its capacity by 2026. Sensitive to natural and artificial light, Dracula’s modules operate indoors from any light source and are intended for use in IoT, industrial electronics and as battery replacements.
Depreciation of €222 million pushes Baywa’s result to zero
The Munich-based group generated significantly lower sales in the first half of the year. In addition, it had to make large write-downs, particularly in its renewable energy business.
Brazil launches public consultation on battery capacity reserve auction
According to the draft of the auction rules published by the Ministry of Mines and Energy, the procurement exercise will be held in June 2025 for systems with a power output of at least 30 MW that can store energy for at least four hours a day. The draft says that the contracts will cover a period of 10 years, with operation starting in July 2029.
Greece adds 1.5 GW of new solar in January-September period
The Hellenic Association of Photovoltaic Companies (Helapco) says new figures reveal that Greece’s solar sector is growing faster than expected and could reach the nation’s 2030 target of 13.5 GW by 2026. By the end of the year, its cumulative PV capacity could exceed 9.2 GW.
Construction begins on 263 MW solar plant in Uzbekistan
China Datang has started building a $150 million, 263 MW solar plant in Uzbekistan for JSC Uzbekenergo.
Solitek unveils 435 W rooftop photovoltaic modules
Lithuania-based Solitek announced two new 435 W modules for integrated PV roofs featuring 22.04%-efficient cell technology. The Solitek’s Solid Solrif in-roof product line is paired with mounting systems supplied by Swiss-based Ernst Schweizer AG.
