Solar PV accounted for 55.8% of the total power generation capacity added to the Indian grid in 2023, including fossil fuel additions which rose considerably over the year in response to growing electricity demand.
Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.
According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.
FP Lux Group has purchased a 114MWp portfolio of solar PV projects in Italy from German renewables developer PNE in the first investment of its FP Lux Energy Transition Fund.
Spanish photovoltaics developer Solaria has received construction authorisation to commence building its 595MW Garoña solar project in the province of Burgos, northern Spain.
US cadmium telluride (CdTe) thin film solar module manufacturer First Solar has acquired a new facility in Ohio to support its distribution operations.
The statement came on the same day that European solar manufacturing stalwart Meyer Burger announced plans to abandon its module assembly plant in Germany because of the lack of support afforded to manufacturers in Europe.
