News

In Australia, the Northern Territory government announced today (27 March) that it will scrap its 50% renewables by 2030 target.

The world added 451.9GW of new solar capacity in 2024, accounting for three-quarters of all new renewable power capacity commissioned last year.

Speakers at LSSEU in Lisbon said that underperformance is a "massive" problem in the PV industry, which can be solved with "good data".

Providing transparent data on grid capacity and connection requests has become “critical” to identifying bottlenecks as grid congestion becomes an increasing impediment to new renewable energy projects.

Canadian Solar has recorded a 1% quarter-on-quarter increase in revenues in the fourth quarter of 2024, while year-end profits have fallen.

European Energy has inaugurated a 58MW solar PV plant and started construction of its second project, a 106MW solar park, in Victoria.

Meridian Energy will begin construction of its 120MW Ruakākā Solar Farm in Tai Tokerau Northland, New Zealand, in August 2025.

Europe saw a 4% month-on-month decline in number of power purchase agreements (PPAs) signed in February 2025, according to Pexapark.

The IPP has a renewables portfolio of 1.9GW solar, wind and energy storage capacity operational or under construction.

Speakers at the Large Scale Solar Europe event in Lisbon discussed the future of Europe's PV market and ongoing economic shifts.