Philippines may terminate 50-plus solar projects for missing deadlines
The Philippines’ Department of Energy says that at least 105 renewable energy projects, including 53 solar projects, face termination for failing to comply with timelines.
Indonesia’s installed solar capacity surpasses 700 MW
The Institute for Essential Services Reform says Indonesia’s solar industry has faced a downturn over the past two years, but policy reforms should accelerate solar deployment in the coming years. The think tank’s latest report states that 16.92 GW of projects are currently in the pipeline across the country.
IEA forecasts over 4,000 GW of new solar by 2030
The International Energy Agency says renewables are on course to meet almost half of global electricity demand by 2030, with solar accounting for 80% of the growth in capacity.
Global average solar LCOE stood at $0.064/kWh in 2023, says IRENA
The weighted average levelised cost of electricity of utility-scale solar PV in Australia was 22% lower than the global average according to a new report published by the International Renewable Energy Agency.
IEA calls for stronger solar, wind integration measures
The International Energy Agency’s latest report warns that failing to support integration at the point of deployment could jeopardise up to 15% of solar and wind projects by 2030. This shortfall would reduce their combined share of the global electricity mix by 5%.
Renewables project to boost solar on Solomon Islands
The Solomon Islands Renewable Energy Development Project will finance two solar farms and a utility-scale grid-connected energy storage system on the Solomon Islands. The Asian Development Bank, SAsian Development Bank and Solomon Power are all financing the project.
Actis invests in 3.5 GW / 4.5 GWh of solar-plus-storage in Philippines
Private equity investor Actis has become a strategic partner in a 3.5 GW / 4.5 GWh solar-plus-storage project in the Philippines. The project is poised to become the world’s largest integrated renewables and energy storage installation upon completion.
Fiji launches tender for ground-mounted solar
Government-backed Energy Fiji Limited has started accepting bids for the development, operation and maintenance of three ground-mounted solar plants in Fiji with a combined capacity of 21.93 MW.
Solar module installations could hit 592 GW in 2024
BloombergNEF says the global solar industry will install 592 GW of modules this year, up 33% on 2023. The consultancy has also lowered its estimate for 2024 polysilicon production, as manufacturers are temporarily scaling back output.
PV systems can now support grid as fossil fuels decline, says IEA-PVPS
A new report by the International Energy Agency’s Photovoltaics Power Systems Program (IEA-PVPS) says that existing PV systems have the technical capabilities to provide various frequency-related grid services.
