News

IRENA believed that yearly investments must more than quadruple to over US$5 trillion to stay on the 1.5°C pathway.

The China Energy Engineering Corporation has reportedly proposed to build a 1GW floating solar installation in Zimbabwe, at the Kariba Dam on the Zambizi river.

New PV instalments for the first two months of 2023 in China reached 20.37GW, up 87.6% from the same period last year when it reached 10.86GW between January and February 2022, according to China's National Energy Administration's latest data.

Chinese state-owned energy company PowerChina has invested in a new solar PV plant with a 343MW capacity in Brazil.

Canadian solar developer OYA Renewables has secured US$27 million in financing from City National Bank, the US subsidiary of the Royal Bank of Canada.

Power generated by the PV plant will be sold to Colombian energy trading firm Spectrum through a power purchase agreement.

Clean energy researcher Bridge To India has released its “Solar Map 2022” report, displaying the state of the Indian solar market as of December last year. The infographic report shows that state-by-state solar deployments continued to be inconsistent and that domestic module and cell supply accounted for far less capacity than imports, though overall installments still remain impressive.

Lithuania-headquartered solar PV manufacturer Solitek has expanded its operations into Italy with a 600MW module assembly plant in Benevento.

South Africa to include floating and ground-mounted PV at waterworks infrastructure

Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.