Solar LCOE to fall 30% by 2035, says BloombergNEF
Analysis from BloombergNEF finds the levelised cost of electricity (LCOE) of a typical fixed-axis solar farm increased by 6% year-on-year in 2025 to stand at $55/MWh, but innovation and competition are expected to see costs fall by 30% through to 2035.
IEC-based technical specifications needed for second-life PV module market
The latest report from the International Energy Agency’s Photovoltaic Power Systems Programme says second-life PV modules have the potential to reduce waste and extend the value of solar assets, but their market today remains underdeveloped and requires advances in technical qualifications, scalable reuse infrastructure and supportive policy frameworks.
Solar accounted for 7.24 million jobs in 2024
The International Renewable Energy Agency’s annual review into employment finds solar held more than 43% of global jobs in the renewable energy sector in 2024.
Huawei, Sungrow lead Wood Mackenzie’s inverter market ranking
Wood Mackenzie’s first-half 2025 solar inverter ranking finds the top 10 leading inverter manufacturers have a 71% global market share.
SEG Solar starts building 3 GW solar ingot, wafer factory in Indonesia
United States-headquartered SEG Solar is constructing a 3 GW ingot and wafer factory in Indonesia. The new production facility is located at its existing cell manufacturing plant, completing an end-to-end solar manufacturing chain for the company.
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.
