Actis invests in 3.5 GW/4.5 GWh of solar-plus-storage in Philippines
Private equity investor Actis has become a strategic partner in a 3.5 GW/4.5 GWh solar-plus-storage project in the Philippines. The project is poised to become the world’s largest integrated renewables and energy storage installation upon completion. Actis is investing $600 million for a 40% equity stake.
Oxford PV starts commercial distribution of perovskite solar modules
Oxford PV is delivering its first commercial perovskite solar modules to U.S. customers. The 72-cell solar modules have an efficiency of 24.5% and, according to the company, can generate up to 20% more energy than conventional silicon modules.
QatarEnergy to build 2 GW solar plant
QatarEnergy has unveiled plans for a 2 GW solar project in western Qatar, which will more than double the country’s cumulative installed solar capacity.
ACWA Power secures $2.6 billion for 5.5 GW of solar in Saudi Arabia
ACWA Power has obtained $2.6 billion through a consortium of banks for three solar plants in Saudi Arabia, with a combined capacity of 5.5 GW.
Solar module installations could hit 592 GW in 2024
BloombergNEF says the global solar industry will install 592 MW of modules this year, up 33% on 2023. The consultancy has also lowered its estimate for 2024 polysilicon production, as manufacturers are temporarily scaling back output.
Vena Energy moves ahead with 550 MW of solar in the Philippines
Singapore’s Vena Energy and MGen Renewable Energy, the renewables unit of Manila-based Meralco PowerGen Corp., have signed an investment agreement for 550 MW of solar in the Philippines. Construction is due to start later this year.
PV systems can now support grid as fossil fuels decline, says IEA-PVPS
A new report by the International Energy Agency’s Photovoltaics Power Systems Programme (IEA-PVPS) says that existing PV systems have the technical capabilities to provide various frequency-related grid services.
Philippines fast-tracks world’s largest solar park with green lane certificate
The Board of Investments of the Philippines has granted a green lane certificate to a solar project that is being touted as the largest in the world to date. The accreditation will facilitate easier approval and processing of permits.
World’s highways could host 52.3 billion solar panels, say researchers
Researchers from the Chinese Academy of Sciences, Tsinghua University, Chinese Academy of Geosciences, and Columbia University have concluded that solar-covered highways could meet more than 60% of the world’s annual energy needs.
World’s largest vertical rooftop PV system deployed on Norway’s national football stadium
Norwegian vertical PV system provider Over Easy Solar deployed a 248.4 kW installation on Norway’s national football stadium. The system features over 1,200 vertical photovoltaic panels developed by Over Easy Solar itself.
