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The impact of the Inflation Reduction Act on the global solar market

• 2024-02-05 23:39:18
• Junior Isles

Although the introduction of the US Inflation Reduction Act IRA incentivises solar manufacturing, local production capacity is currently only around 13 GW. This falls far short of government ambitions, and pales in comparison to the 1000 GW that China could produce if its factories were running at full capacity. The figures reflect how serious the oversupply situation is for the Chinese market, while the US faces mounting pressure to translate planned projects into reality. 

By Brian Crotty, Executive Vice President and General Manager, Dow Jones Energy

$289 million financing agreed to develop solar power in Mauritania

• 2024-01-29 07:05:59.990337
• David Flin

Mauritania and the African Development Bank (AfDB) have signed financing agreements for two energy sector projects in Mauritania worth $289.5 million.

Solar and wind to lead US power generation growth for next two years

• 2024-01-17 08:00:19.740466
• David Flin

The US Energy Information Administration (EIA) has forecast in its latest Short-Term Energy Outlook that solar and wind will lead US power generation growth for the next two years.

Capacity to expand renewable power increasing rapidly

• 2024-01-15 06:06:45.948628
• David Flin

According to a report from the IEA, 50 per cent more renewable capacity was added globally in 2023 than in 2022, and it predicts that the next 5 years will see the fastest growth in this sector ever, giving it the opportunity to achieve the goal of tripling global capacity by 2030 set at COP28.

Premier Energy wins order for 608 MW solar plant in India

• 2024-01-10 07:20:43.611297
• David Flin

Premier Energies, the Indian solar cell and module maker, has won an order from India’s state-run power producer NTPC to supply hardware for a 608 MW solar PV project.

Iran orders construction of renewable energy power plant

• 2023-12-26 07:49:32.069206
• David Flin

Iranian President Ebrahim Raisi has ordered construction of the largest renewable energy power plant in the West Asia region.

Sungrow and EDF Renewables launch South African hybrid wind-solar-battery VPP project

• 2023-12-22 07:26:08.765894
• David Flin

Sungrow Power and EDF Renewables have signed an agreement to provide 264 MWh liquid-cooled energy storage systems and MV transformers for the Umoyilanga project in South Africa. The project is South Africa’s first wind-solar-storage integrated virtual power plant (VPP).

Nusantara solar power plant to be operational in February 2024

• 2023-11-28 05:51:58.610997
• David Flin

Indonesia’s state-run electricity company PT PLN has announced February 2024 will be the start of operations for the solar power plant currently being built in the new capital city Nusantara under development in the province of East Kalimantan.

Trina Storage delivers 50 MWh energy storage system for fish farm in China

• 2023-11-17 06:47:44.211278
• David Flin

Trina Storage has announced that it has delivered a fully integrated 50 MWh energy storage system for a hybrid fishery-solar storage project in Tianmen, Hubei province, China.

Orix to install 23.4 MW of solar systems at Japanese airports

• 2023-11-16 05:56:48.882437
• David Flin

Orix Corporation, the Japanese financial services group, has signed a PPA to supply 23.4 MW of solar systems for two Japanese airports.