Market leading PV module film material manufacturer, First Applied Materials has reported soaring profits on the back of growing demand, increased capacity and higher average selling prices (ASPs) for the fourth quarter and full-year 2020.
The US Department of Energy (DOE) has earmarked US$128 million to invest in research and development in a bid to bring the cost of utility-scale solar power down by 60% in 10 years.
UK energy supplier Octopus Energy is to take on Octopus Renewable’s assets as part of an internal transaction that will see it become on of Europe’s largest renewable energy generators.
German agriculture group BayWa is forecasting a significant revenue rise for its renewables unit this year, thanks to a strong project pipeline and growth in PV component trading.
Solar developers have welcomed clarification on India’s new import duties for modules and cells that will come into effect next year, but questions have been raised about the ability of domestic manufacturers to ramp up production to meet rising demand.
Millions of Australian households fitted with rooftop PV could be charged for exporting electricity to the grid under new proposals that critics have warned could curb the uptake of solar systems and slow the country’s energy transition.
Solar plants in the US produced 21.7% more electricity in January this year than they did in 2020, accounting for 2.4% of the country’s entire electricity mix.
