Solar PV additions have seen significant increase over the past few years, while it is also leading the increase in new renewable capacity worldwide this year, according to the International Energy Agency’s latest report Renewable Energy Market Update June 2023.
As agrivoltaics projects grow in popularity, PV Tech Premium gives a look at four countries - Germany, the US, France and Australia - and Africa that have embraced the technology.
Global solar energy investment will surpass oil for the first time in 2023 as PV leads the charge in a projected 24% increase in clean energy investment compared with 2021.
NEOM Green Hydrogen Company (NGHC), a joint venture between renewables developer ACWA Power, gas company Air Products and the futuristic city project NEOM, has reached financial close on a Saudi green hydrogen plant with US$8.4 billion.
Sungrow has signed an agreement to supply 2.1GW worth of inverters to the Al Shuaibah PV project in Saudi Arabia, which will be the largest solar farm in the world once it reaches operations.
ACWA Power has signed an agreement with Badeel – the water and electric holding company of the Saudi Arabian Public Investment Fund (PIF) – to develop 4.5GW of solar PV projects in Saudi Arabia. The projects will represent an investment of SAR12.2 billion (US$3.3 billion).
