News

US PV manufacturer Silfab has closed a US$125 million investment led by ARC Financial Corp to fund a 1GW solar cell manufacturing facility in the US.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.

Spanish developer Grenergy has signed a 15-year power purchase agreement with chemical company LyondellBasell for a 259MW solar PV plant in Spain.

On 8 March, the Silicon Industry Branch updated the latest information on silicon material prices, which have fallen by as much as 4.8% year-on-year.

Solar PV will lead the energy transition in Malaysia and could reach up to 153GW of installed capacity by 2050.

Inverter supplier SMA Solar Technology has published provisional financial results for 2022 which show significant improvements in EBITDA and net income compared with 2021.

Q4 2022 saw a marked uptick in renewable energy investment in Australia, and a 17% total bump in year-on-year investment was recorded compared with 2021. Despite this, more is needed to reach the country’s Renewable Energy Targets according to the Australian Clean Energy Council.  

Italian PV panel manufacturer FuturaSun has acquired 24,000 square metres of land to build a factory with 2GW production capacity in a year, relaunching its PV supply chain in Europe.

After the passing of the Inflation Reduction Act (IRA) into law, solar PV and storage are expected to create up to 115,000 manufacturing workers in the US by 2030.

Households in European countries could save up to 84% on their household bills by installing both solar PV and heat pumps compared to homes relying on gas heating, according to a recent study conducted by trade body SolarPower Europe.