News

India's PV project costs fall 7.1% in Q1 2024

published: 2024-06-07 17:51

According to the recent "India Solar Market Update Q1 2024" report by Mercom India Research, the average cost of utility-scale solar PV projects in India decreased by 28.2% year-over-year in the first quarter of this year. This si... more

Comments on the ECB's rate cut: Good for PV terminal demand, accelerating HJT penetration, and heralding the era of solar-storage parity

published: 2024-06-07 17:50

On June 6, 2024, the European Central Bank started to cut interest rates, reducing the deposit facility rate from 4% to 3.75% and the refinancing rate from 4.5% to 4.25%. (1) Interest rates are an important factor affecting the wi... more

Giants Compete in the Lithium Iron Phosphate Battery Track

published: 2024-06-07 17:49

Currently, ternary batteries and lithium iron phosphate (LFP) batteries are the two mainstream technologies in electric vehicle power batteries. Due to cost advantages, the market share of LFP batteries has steadily increased, sur... more

Solar Module Manufacturing Capacity Expands by 11 GW; Market Set to Add 40 GW of New Capacity in 2024

published: 2024-06-07 15:29

Wood Mackenzie and SEIA estimate that the US entered Q2 2024 with an additional 11 GW of new manufacturing capacity. Utility-scale solar dominated new PV additions, contributing 9.8 GW DC, while the distributed solar segment exper... more

Nigeria Set to Roll Out 250 MW of Distributed Solar Power

published: 2024-06-07 15:21

Nigeria's Rural Electrification Agency (REA) has teamed up with Husk Power Systems to implement interconnected mini-grids and isolated mini-grids, rooftop commercial and industrial (C&I) solar projects, initiatives promoting p... more

The polysilicon market is sluggish, and companies take the initiative to reduce production

published: 2024-06-06 17:49

Polysilicon prices fell slightly this week. Among them, the transaction price of n-type rod silicon was 40,000-43,000 yuan/ton, and the average transaction price was 40,800 yuan/ton, down 2.39% month-on-month. The transaction pric... more

Why EU cell makers are shifting base to the US

published: 2024-06-06 17:48

The European Union will fall far behind its ambitious energy transition targets for renewable energy, cleantech capacity and domestic supply chain investment, according to research and analysis by Rystad Energy. Several EU cell ma... more

Standardizing PV Cell Efficiency Measurements: A Call to Action from Industry Experts

published: 2024-06-06 17:47

In 2023, the PV industry entered the mass production era of N-type TOPCon technology. Alongside its rapid development, the measurement of cell efficiency has sparked controversy. Notably, various companies periodically announce th... more

Shipping prices to Europe have tripled since the beginning of the year, which may hit solar module costs

published: 2024-06-06 17:46

According to data from Xeneta, a Norwegian shipping and freight benchmark platform, spot freight rates for freight containers have risen to their highest level since 2022. Prices on major routes such as Asia-Europe and the West Co... more

Several Photovoltaic Giants to Close Southeast Asian Factories? The Truth is...

published: 2024-06-06 17:45

Domestic photovoltaic companies' factories in Southeast Asia are experiencing a new round of turmoil, with leading companies including LONGi Green Energy and Trina Solar being reported to be closing some of their factories in Sout... more

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