Solar accounted for half of all global power generating capacity added last year, with 182GW deployed, a 25% increase on 2020, according to a report from BloombergNEF (BNEF).
The proliferation of solar requires PV projects to adapt to their grid surroundings, which increasingly entails connecting alongside adjacent technologies, be it energy storage, other renewables or green hydrogen. Amid the growing threat of curtailment, Jules Scully looks at the rise of the ‘solar-plus’ market and the financial models underpinning it.
Spanish tracker manufacturer PV Hardware is aiming to reach more than 21GW of annual production capacity globally as it progresses with plans to open a new factory in the US next year.
A subsidiary of Australian mining company Fortescue Metals Group is looking to construct a green hydrogen facility in Egypt that could feature 9.2GW of solar and wind generation.
