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WoodMac says global solar tracker shipments grew by 28% in 2023

Global tracker shipments reached 92 GWdc last year, according to WoodMackenzies’ latest report. The US accounted for the majority of the global market, with three US-based manufacturers, Nextracker, Array Technologies and GameChange Solar, ranking as the three largest shippers in the world.

Ramaphosa reveals 22,500 MW renewables pipeline in South Africa

South African President Cyril Ramaphosa, in his first speech since forming a coalition government in May, said the nation is experiencing a “renewable energy revolution,” with upcoming projects expected to attract around ZAR 400 billion ($21.9 million) in private investment.

TCL Zhonghuan-led consortium plans 20 GW ingot, wafer factory in Saudi Arabia

A subsidiary of TCL Zhonghuan Renewable Energy has signed an agreement with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries to begin producing 20 GW of solar ingots and wafers per year in the country.

Solar corporate funding hits $16.6 billion in H1

Corporate funding in the solar sector reached $16.6 billion in the first half of this year, according to Mercom Capital Group. It says most funding came via debt financing, as venture capital and public market financing fell.

SolarPower Europe calls for stronger cybersecurity measures

SolarPower Europe argues in a new position paper that regulators and policymakers should create a sector-specific strategy to address the growing threat of cyberattacks.

Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan

Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.

Bifacial PV, single-axis tracking produces cheapest electricity, says IEA-PVPS

The IEA Photovoltaic Power Systems Programme’s (IEA-PVPS) latest factsheet covers bifacial PV modules and advanced tracking systems. It says a combination of bifacial modules with single-axis tracking could increase energy output by up to 35%.

WoodMac predicts 3.8 TW of new solar by 2033

Solar developers are expected to install 3.8 TW (AC) of global capacity between 2024 and 2033, according to the latest forecast from Wood Mackenzie. The analysts predict that new wind and solar installations will reach a combined 5.4 TW, taking the cumulative global total of the two technologies to 8 TW by 2033. Energy storage capacity, […]

TrendForce says 210 mm module shipments surpassed 260 GW in Q1 globally

Cumulative shipments of 210 mm PV modules surpassed 260 GW in the first quarter of this year, according to Taiwan-based TrendForce. The analysts said that seven of the top 10 module makers now make 210 mm n-type modules, with Trina Solar, Risen Energy, Tongwei and Huasun all now mass producing panels above 700 W. “It is […]

South Africa imposes 10% import tariff on solar panels

The International Trade Administration Commission of South Africa (ITAC) has imposed a 10% import tariff on solar panels to protect local manufacturers, attract investment, and deepen the value chain. The South African Photovoltaic Industry Association has questioned the lack of formal industry engagement, calling the timing “not ideal.”

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