Data from Gogla showed that the global off-grid solar sector had a record investment of US$746 million in 2022, increasing by US$289 million or 63% year-on-year.
India added 12.8GW of solar PV in the FY2023, an 8% decrease year-on-year according to JMK Research. 2022 saw the country experience significant module shortages as it strains to build out its domestic manufacturing profile and lessen its dependence on imports from the east.
A record growth from solar and wind power, increased its global electricity to 12% in 2022, however, other clean energy resources have dropped for the first time since 2011, according to energy thinktank Ember.
Eritrea has secured about US$50 million from the African Development Bank (AfDB) to construct a 30MW solar PV project, hoping to increase the reliability of electricity supply and the share of renewable energy in its energy mix.
Chinese solar PV manufacturer TCL Zhonghuan has planned to issue nearly RMB13.8 billion (US$2 billion) convertible bonds for its 35GW annual capacity ultra-thin high-purity mono silicon wafer and 25GW n-type tunnel oxide passivated contact (TOPCon) 4.0 highly-efficient solar cell plants.
Vibrant Energy said the project financing worth INR22 billion (US$267.9 million) provided by Indian non-banking financial entity Power Finance Corporation will be used for the wind-solar hybrid projects located in Madhya Pradesh and Karnataka.
Solar Module Super League (SMSL) member Canadian Solar has consolidated its global solar development and services business under its Recurrent Energy brand, which was previously limited to its North America operations.
PV manufacturer Huasun has signed a 1.5GW module supply deal with Bulgarian engineering, procurement and construction (EPC) company Inercom to run through to the end of 2025.
