Solarpack increased its H1 operating revenues nearly three-fold (191%) year-on-year to €78.84 million (US$93.64 million), thanks in part to the commissioning of PV projects in Spain, Chile and India.
Aided by falling production costs and policies encouraging a shift to green energy, renewables’ share of the global energy mix could soar from 5% in 2018 to almost 60% by 2050, BP has said in its latest energy outlook.
A round-up of the latest solar industry news from around the world, as Aquila picks up its first solar projects in Portugal, one of Europe’s hottest solar markets, and Dehui lays claim to being Vietnam’s first module manufacturer to produce next-generation panels.
PV equipment supplier RENA technologies has secured its largest ever single order from a major PV manufacturer in Asia as part of the customer's new 15GW PERC cell capacity expansion plans.
Both Vattenfall and Ørsted, two of Europe’s biggest renewables companies, will start next year with new bosses after the announcement of new chief executives this week.
Australia and Germany have joined forces to fund a feasibility study into the production, storage, transport and use of hydrogen from renewable energy.
Solar parks with a total capacity of 2.3GW will be developed in Greece as part of a €5 billion (US$5.94 billion) roadmap to support the phase-out of coal generation by 2028.
Coming out of stealth-mode, US-based integrated PV panel manufacturing start-up, Violet Power intends to disrupt the PV industry with in-house production of high-efficiency IBC (Interdigitated Back Contact) solar cells. The company will use cell-to-module ‘flex circuit’ and thermal plastic encapsulant technology in a glass/glass configuration that will have a solar panel warranty of 50 years, more than three times the average in the industry, today.
Solar will dominate the power generation alongside wind in the coming decades as electrification rapidly escalates, but the energy transition is occurring “nowhere near fast enough” to deliver change compliant with the Paris Agreement.
