News

Poland’s Capacity Market Rule Change Could Deal a Major Blow to Battery Storage Systems

published: 2024-07-03 17:37

The Polish government recently announced a reduction of the derating factor for battery energy storage systems to 57% in the country’s upcoming capacity market auction. This announcement has sparked significant concern in the indu... more

692TWh! First 50% of EU renewable energy generation in first half of 2024

published: 2024-07-03 17:36

Eurelectric, the European electricity trade association, has released the latest data on Europe's energy mix, with renewables accounting for more than half of Europe's electricity supply in the first half of this year. Europe is d... more

Japan: Renewable energy accounts for 38% in 2030! 363GW in 2035! Net zero emissions in 2050

published: 2024-07-03 17:35

Solar power and storage play a central role in Japan’s goal of strengthening energy security. As Asia’s economic powerhouse, Japan has become a global leader in the transition to carbon neutrality. Although Japan's energy self-suf... more

Unlocking 15 GW of U.S. Household Energy to Meet Electricity Demand Affordably

published: 2024-07-03 12:00

A Deloitte report highlights the potential of distributed energy resources (DER) to aid the U.S. in meeting its climate objectives while enhancing grid efficiency. As more households transition to electrified appliances, heating a... more

Energy Ministry Launches Comprehensive Survey for Solar and Wind Projects in Preparation for 20 GW Annual Tender

published: 2024-07-03 10:08

Saudi Arabia is launching an extensive geographic survey to locate optimal sites for new renewable energy projects. The survey will cover over 850,000 square kilometers, excluding populated areas, sand dunes, and regions with airs... more

Swedish Solar Manufacturer Midsummer Secures €8 Million Investment for Italian CIGS Thin-Film Factory

published: 2024-07-02 17:38

Recently, Swedish thin-film solar manufacturer Midsummer announced it has secured approximately €8 million ($8.6 million) in funding to support its copper indium gallium selenide (CIGS) thin-film cell manufacturing project in Ital... more

China's photovoltaic module production exceeds 500GW in 2023, a year-on-year increase of more than 75%!

published: 2024-07-02 17:19

Development of the global module industry From the perspective of industry scale, by the end of 2023, the global module production capacity and output will reach 1103GW and 612.2GW, respectively, up 61.6% and 76.2% year-on-year, ... more

Austria Achieves 2.6 GW Increase in Solar PV Capacity in 2023

published: 2024-07-02 16:43

Austria installed 2.6 GW of new solar capacity in 2023, nearly tripling its annual additions and bolstering employment in the sector. With this increase, Austria's cumulative installed solar PV capacity reached 6,395 MW by the end... more

China’s Solar PV Installations Surge to Nearly 690 GW, Reports NEA

published: 2024-07-02 16:08

China's National Energy Administration (NEA) reports that the country installed over 79 GW of new solar photovoltaic (PV) capacity in the first five months of 2024. This includes more than 19 GW added in May alone. With these addi... more

The total global wafer production capacity was about 974.2GW

published: 2024-07-02 12:22

(1) The development of the global silicon wafer industry in 2022 By the end of 2023, the total global wafer production capacity was about 974.2GW, up 46.7% year-on-year, and the output was about 681.5GW, up 78.8% year-on-year. Fro... more

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