IRENA says $851 billion invested in solar technologies in 2024
The International Renewable Energy Agency says solar is the only renewable energy technology where current investment levels are approaching the annual average needed through to 2030 to align with its 1.5 C pathway.
Polymer film tipped to prevent solar panel corrosion
Engineers in the United States have developed a polymer coating they say could be used to protect PV modules, due to its impermeability to gases. The team has demonstrated that a 60-nanometer-thick film can extend the lifetime of a perovskite crystal by several weeks.
China’s new auction system drives steep solar price declines
Wood Mackenzie says first provincial auctions under China’s new pricing rules pushed solar bids up to 32% below settlement, signaling tighter margins and a shift to slower, more sustainable growth.
Singapore, China to supply solar-plus-storage power from Indonesia
Singapore’s Equator Renewables Asia (ERA) and China’s CRE International Co. Ltd (CREI) will jointly develop a 900 MW solar and 1.2 GWh battery project in Indonesia, with 400 MW (AC) slated for export to Singapore.
South Korean government developing agrivoltaic legislation
South Korea has announced plans to introduce legislation by 2026 to expand the deployment of agrivoltaics, enabling broader use of solar panels on agricultural land.
Nearly half of solar capacity will be co-located with storage by 2060: DNV report
Norwegian risk managment company DNV’s Energy Transition Outlook 2025 report also predicts that distributed generation solar should begin outpacing utility-scale installations in some parts of the world by 2060.
Singapore approves 1 GW hydropower import project from Malaysia
Singapore has conditionally approved a 1 GW hydropower import project from Malaysia’s Sarawak state, with first deliveries expected around 2035.
Thirty-five countries now operate GW-scale annual PV markets
The latest report from the International Energy Agency’s Photovoltaic Power Systems Program highlights that 2024 was another record year for solar installations globally but large overcapacities of solar cell, module and wafer manufacturing continued.
IEA says cost of capital for solar remains high in Southeast Asia
The International Energy Agency says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.
Vanuatu runs tender for supply, installation of solar systems
A tender is open in Vanuatu to deliver eight solar water pump systems and 24 standalone solar PV systems. The deadline to submit expressions of interest is October 27.
