renewables

An IRENA report into the cost of producing power has found that the levelised cost of electricity in the solar PV sector fell by 3% in 2022.

The Australian Renewable Energy Agency (ARENA) has announced a new round of funding to develop and deploy microgrid technologies across regional and remote communities, including a majority of it allocated for microgrid projects in First Nations communities.

Although the floating solar market is expanding, the top 10 countries that will have more than 500MW of cumulative floating solar installations by 2031 are entirely from Asia.

Chinese solar manufacturer LONGi has announced that it had shipped over 1GW of solar modules to the Middle East distribution solar market by the second quarter of 2023.

Indian module manufacturer Navitas Solar has announced a plan to set up a 1.2GW solar module assembly plant in the US.

Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.

US distributed solar supplier has acquired a portfolio of over 2,400 residential solar systems and contracts in the US.

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

The Australian government’s green bank Clean Energy Finance Corporation (CEFC) has increased its renewable energy investment to a record of AU$1.2 billion (US$770 million) in the 2022-23 year.

China has announced a plan to establish a recycling system for retired solar PV panels by 2025.