BP has set lofty targets for its renewables ambitions, backing bifaciality and merchant revenue strategies to provide major boosts as it targets 50GW of renewable capacity by 2030.
The world will need to build five to six times as much solar and wind power per year as in 2019 if a carbon-zero economy is to be reached by the middle of the century, a study has said.
Trina Solar has taken full control of Spanish tracker system manufacturer Nclave, acquiring the remaining 49% stake in the company it did not already own.
The solar supply chain will have to markedly adapt and change current solar shipping practices and overhaul utility-scale solar design models to accommodate next generation panels, industry stakeholders have said.
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.
