energy transition

Xcel Energy has announced plans to construct 3.6GW of new renewable power generation capacity and 600MW of new storage facilities.

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.

Rio Tinto has signed a power purchase agreement (PPA) with European Energy to buy all of the power at the latter’s Upper Calliope solar farm.

Italy generated record-breaking volumes of both solar PV and wind power in 2023, producing 30.6TWh and 23.4TWh of electricity, respectively.

Solarpack has signed a 25-year PPA to sell power generated at its upcoming 410MW Gorbea solar project to SECI.

Eni Plenitude,has acquired an 80% stake in a portfolio of US projects, which accounts for a power generation capacity of 272MW.

Andel and Better Energy have entered a joint partnership to build a portfolio of “energy parks” with a total power capacity of 2GW.

The government of Kuwait has launched tenders for 1.1GW of solar projects, to be installed at its Al Shagaya Renewable Energy facility.

In the final days of the year, PV Tech is looking back at the solar sector in 2023, including the COP28 climate conference in Dubai.

Swissolar expects 1.5GW of new solar capacity to be installed in Switzerland in 2023, an increase of almost 40% over the prior year.