2022 saw the solar PV market enter a ‘new growth dimension’, where 239GW of solar capacity was added across the world representing two thirds of all new renewables capacity.
Spanish utility Iberdrola has signed a financing agreement worth €1 billion (US$1.08 billion) with the European Investment Bank (EIB) to build 19 solar power plants and three onshore wind farms in Europe.
JA Solar has announced a plan to construct a project in the Ordos High-Tech Zone, with an annual production capacity of 30GW ingots, 10GW silicon wafers, and 10GW modules. The total investment amounted to about RMB6.02 billion (US$870.1 million).