Two of the world’s major coal-based economies were expected to receive billions of dollars of funding at COP27 from a G7 initiative to wean them off coal and deliver clean energy transitions, but while Indonesia has walked away with a US$20 billion deal, talks have stalled on the US$5 billion set aside for its Southeast Asian neighbour Vietnam, leaving the G7 nations that deliver the funding scratching their heads.
The solar PV industry is forecast to produce 310GW of modules in 2022, representing an incredible 45% year-on-year increase compared to 2021, according to the latest research undertaken by the PV Tech market research team and outlined in the new PV Manufacturing & Technology Quarterly report.
JinkoSolar’s 182mm TOPCon N-type solar module has recorded a maximum solar conversion efficiency of 23.86%, topping the company’s previous record of 23.53% for an N-type module.
The top four solar module manufacturers had shipments totalling more than 114GW during the first three quarters of 2022, as demand slowed in Europe but grew rapidly in China.
At the United Nations COP27 conference, the European Investment Bank (EIB) and AllianzGI have announced the mobilisation of US$100 million to Alcazar Energy Partners II, a fund which facilitates the development, construction and operation of renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia.
Seven key Asian countries collectively saved approximately US$34 billion in fossil fuel costs in the first half of 2022 through solar generation, according to research from Ember, the Centre for Research on Energy and Clean Air (CREA) and the Institute for Energy Economics and Financial Analysis (IEEFA).
Corporate power purchase agreements (PPAs) have hit record levels in the Asia Pacific region as fuel prices rise and the cost of renewables falls, according to Wood Mackenzie principal analyst, Kyeongho Lee.
