Global average solar LCOE stood at $0.065/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelised cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
Japanese projects to pilot solar on low load-bearing roofs, BIPV windows
A partnership between PXP Inc and Tokyo Gas Co is working on developing film-type chalcopyrite solar cells for industrial roofs with low load-bearing capacity. Elsewhere, a coalition of partners is installing inner windows featuring perovskite solar cells at Tokyo’s Telecom Center Building.
Photovoltaic inventions increase seventeen-fold in three decades
The European Patent Office says China has overtaken other countries in photovoltaic patent filings over the past 15 years, while European startups and universities retain a lead in agrivoltaics and niche solar applications.
Malaysian utility unveils hydro-floating solar, hydrogen hubs
Tenaga Nasional Berhad says the newly-announced hybrid hydro floating solar hub and green hydrogen hub will position Malaysia as a regional leader in the green hydrogen value chain.
Indonesia’s Pertamina secures stake in Citicore Renewables
Indonesian state-owned energy company Pertamina New & Renewable Energy has acquired a 20% stake in Philippine solar developer Citicore Renewable Energy Corp. for about $186 million, with both companies planning joint investments in solar and other renewable projects in Indonesia.
Indonesia, Singapore partner on solar supply chain in Riau Islands
Indonesia and Singapore have signed a memorandum of understanding to develop a solar manufacturing supply chain in Indonesia’s Riau Islands province, as part of broader plans to enable cross-border clean energy trading.
Global solar capacity to surpass 7.5 TW in 2035, says GlobalData
UK consultancy GlobalData projected, in figures shared with pv magazine, that global renewable capacity could hit 11.2 TW by 2035, led by solar. It expects cumulative PV capacity to hit 2,378 GW by year-end and 2,849 GW by 2026.
Meyer Burger’s German subsidiaries file for insolvency
Swiss solar cell company Meyer Burger said it filed for insolvency for its German subsidiaries, following intensive efforts to keep Meyer Burger Industries GmbH and Meyer Burger Germany GmbH operational.
TotalEnergies, RGE to develop solar-plus-storage in Indonesia
TotalEnergies and RGE have signed a co-investment agreement to develop and operate a solar-plus-storage project in Indonesia. The utility-scale plant will be built and managed by Singa Renewables, their equally owned joint venture.
World’s first offshore solar-wind project moves forward
An offshore solar farm is being deployed close to an existing wind farm as part of a project in the Dutch North Sea. The developers have recently installed an anchoring system that will hold the solar farm in place while an electrical cable connects the array to a nearby wind turbine foundation.
