In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.
The European Commission has targeted a 90% share of EU electricity consumption by 2040 to come from renewables – mostly solar and wind – and complemented by nuclear energy, according to a leaked draft first obtained by French media Contexte.
The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.
Spanish solar tracker producer PV Hardware (PVH) has begun to implement a new manufacturing process which it says can “reduce the installation time of solar projects by more than 40%.”
Increased renewables capacity and higher earnings from international electricity generation have driven up German utility RWE's financial results for 2023.
German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.
