The European Commission has targeted a 90% share of EU electricity consumption by 2040 to come from renewables – mostly solar and wind – and complemented by nuclear energy, according to a leaked draft first obtained by French media Contexte.
The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.
Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.
Aside from the immediate, visible damage, extreme weather events have a longer lasting impact on PV systems. NREL’s Dirk C. Jordan, Kirsten Perry, Robert White, Josh Parker, Byron McDanold and Chris Deline report on research revealing the long-term consequences of hail, wind and other weather phenomena on PV production.
3Sun, the solar module manufacturing subsidiary of Italian utility Enel has secured €560 million (US$612 million) in financing for its heterojunction module assembly plant in Sicily, Italy.
