China hits 277.17 GW of new PV installations in 2024
China’s cumulative installed solar capacity hit 886.66 GW at the end of 2024, with 277.17 GW of new annual installations, up 45.48% year on year. The deployment surge exceeded forecasts, setting a new historical record for PV installations.
China’s REPT Battero to build battery factory in Indonesia
China’s REPT Battero has revealed plans to build a lithium-ion battery plant in Indonesia, targeting 8 GWh of annual production capacity in the first phase.
Chinese PV industry brief: Aiko Solar starts making back-contact PV panels
Aiko Solar has started production at its Jinan factory, its third facility for n-type all-back-contact solar modules. The plant is designed for 30 GW of solar cell and panel capacity, with the first 10 GW phase set to reach full output by late 2025.
Four key lessons the renewable industry should take away from 2024
There are four key Lessons the renewable industry to take away from 2024, cover storage, solar, and everything in between
Shift to 2 kV voltage in solar projects tipped to gain traction
Amid record-low prices for solar modules, the focus of cost reduction for utility-scale solar projects is shifting to non-module balance-of-system (BoS) expenses. A transition from 1.5 kV voltage to 2 kV in solar projects is expected to gain traction through 2030.
Solar manufacturing slows in bid to balance supply and demand
Smaller solar manufacturers have been shuttering production lines, but not at a pace fast enough to return profit margins to healthy territory. InfoLink’s Amy Fang considers what lies ahead for PV companies in the near term.
BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
Global growth flatlines in face of uncertainty
Solar demand growth has been pulled back by policy changes and uncertainty but capacity additions in 2025 should still eclipse 2024. InfoLink’s Jonathan Chou examines the leading regions for solar installations.
Global PV demand to hit 469 GW and 533 GW this year, says PV Infolink
PV InfoLink says that Chinese solar demand will reach between 240 GW and 260 GW this year, while European demand will hit 77 GW to 85 GW.
Larger, thinner… and weaker?
With hailstorms in Australia and the United States severely damaging solar arrays – including “golf-ball sized” hail at the 350 MW Fighting Jays project in Texas in March 2024 – insurers are raising premiums and reducing or canceling hail coverage. Everoze Partner Simon Mason discusses the challenges the industry faces in minimising its hail risk exposure.
