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.
Solar industry faces collapse amid surplus and plunging prices
The solar industry is at a crossroads. While demand for PV installations is higher than ever, systemic overcapacity, falling prices, and financial losses across the supply chain threaten to undermine the industry’s long-term sustainability.
JMK expects India to add 21.5 GW of solar this year
India is expected to install 16.5 GW of solar from utility-scale installations, 4 GW rooftop and another 1 GW from off grid component in 2024.
How much shade is enough?
Researchers have covered part of a rooftop solar plant with a different numbers of shading cloth layers to measure their power, current, and voltage. They have been able to identify a point after which the value of system current and maximum power is no longer sensitive to shading heaviness.
Tata Power Solar partners ICICI Bank for easy financing to residential and corporate customers
ICICI Bank will provide low-cost loans to residential and corporate customers for purchase of Tata Power solar panels.
India installed 15 GW of solar in first half of 2024
India added 14.9 GW of new solar capacity in the six months ending June, breaking all previous half-yearly and annual PV installation records.
Battery storage costs must fall by 15% per year to avoid new coal capacity additions after 2030 in India
If battery energy storage costs fall 15% every year on an average, it would enable India to potentially limit its coal capacity to the 14th National Electricity Plan projection of 260 GW by 2032, says a new report by global think tank Ember and TERI.
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.
Distributed or utility-scale solar?
The choice between distributed and utility-scale solar often comes down to balancing these benefits based on the specific context, goals, and constraints of a project or region. In the Indian context, a balanced approach that leverages the strengths of both models is essential.
Solar panels could raise value of houses by up to 7.1%
Using a range of machine-learning techniques, a group of scientists found that PV systems can significantly increase the value of a property in the United Kingdom. The analysis was based on property data from Zoopla, one of the leading providers of UK property listings, and price paid data sourced from the government’s Land Registry from 2012-2018.
