Soltec enters pre-insolvency as Spanish regulator halts trading of shares
Spanish PV company Soltec has entered pre-insolvency proceedings to negotiate with creditors, and Spain’s National Securities Market Commission has suspended trading of its shares until it releases its first-half 2024 financial results.
New tool optimises ground works, PV tracker planning
Spanish PV company Soltec and Aplitop have partnered to develop a computer-aided design plug-in application aimed at simplifying the planning process and reducing earth-moving operations, measurements, and the relocation of solar trackers in ground-mounted PV projects.
SunPower files for bankruptcy
United States-headquartered solar company SunPower Corp has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.
Spain announces $1.24 billion incentive scheme for clean-tech manufacturing
Spain’s government has submitted a new incentive scheme to a public consultation. It is designed to support the development of a clean-tech supply chain in the country, including the production of batteries.
New tool to detect faults in inverters released by PI Berlin
PI Berlin has developed a new tool to detect problems in inverters such as defective printed circuit boards, faulty switching algorithms, and deficiencies in components and sensors.
Battery prices down 14% this year, says BloombergNEF
BloombergNEF says it has recorded a 14% decline in battery prices this year, mainly due to cheaper raw materials, following an unprecedented rise in 2022.
China plans recycling system for wind turbines, solar panels
China will introduce technical standards and policies for the wind and solar industries to recycle their decommissioned equipment by 2030.
Ingeteam sells O&M division to RES Group
Ingeteam has sold its operation and maintenance (O&M) division to United Kingdom-based RES Group. It says the division’s 35 GW of O&M contracts throughout the world are valued at $58.55 billion (€35 billion).
Reusing silicon from end-of-life solar panels in EV batteries
Scientists in Belgium are exploring the potential of recycled silicon in solar modules at the end of their life cycle for reuse in low-cost, higher-energy-density storage technologies. They claim EV batteries using this silicon may allow faster recharging and travel longer distances on a single charge.
Global PV manufacturing capacity to reach 1 TW by 2024
PV manufacturing capacity is projected to more than double by 2024, led by China, but oversupply is also anticipated, according to the International Energy Agency (IEA).
