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).
Australia and China strengthen hydrogen cooperation
China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.
Global solar additions to hit 310 GW in 2024, says IEA
The International Energy Agency (IEA) said in a new report that solar will remain the main source of global renewable capacity expansion in 2023, accounting for 286 GW. In 2024, the figure is set to grow to almost 310 GW, driven by lower module prices, greater uptake of distributed PV systems, and a policy push for large-scale deployment.
Hybridising gravity energy storage with batteries, supercapacitors
Developed by Chinese researchers, the novel hybrid storage technology may achieve an efficiency of over 80% and be applied in distribution and transmission grids. The proposed combination is reportedly able to offer the advantages of gravity energy storage and power-based storage systems in a single solution.
Weekend read: Avoiding PV buyer’s remorse
New entrants to solar equipment procurement may be surprised to encounter constantly amended contract terms, index-linked price rises, and near-worthless defect warranties, but they reflect recent supply chain troubles. Clean Energy Associates’ Martin Deak offers a buyers guide.
Solar leads way with renewables on course to shatter deployment records
Large-scale and rooftop solar installations are expected to contribute a record 286 GW of new generation capacity this year with renewable energy on course to shatter global deployment records in 2023.
Global investment in clean energy nearly doubles that of fossil fuels
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
‘Huge subsidy fest’: Australia has the critical materials, but can it compete in the manufacturing race?
A global race is underway to capture the manufacturing market for clean energy technologies. While lady lucky has certainly shone on Australia, competition is fierce, experts say.
Agrivoltaics can mitigate effects of drought
A new study by the University of Hohenheim shows that shading from PV systems can improve agricultural yields, especially in dry periods, but additional research is needed.
Energy majors dominate list of world’s leading big PV developers
Wiki-Solar’s latest league table of utility-scale solar project developers shows that only six renewable specialists occupy the top 20 spots.
