Korean scientists have fabricated a perovskite-organic solar cell with a uniform sub-nanometer dipole layer. The device recorded a power conversion efficiency of 24% under testing, a new record for lead-based hybrid perovskite-organic solar cells.

Research from the National University of Singapore indicates that Singapore could reach its 2 GW solar installation target by 2028, ahead of its 2030 deadline. The study suggests that the government could increase its long-term solar goals by adopting policies that promote better area utilization, subsidies, and advancements in panel efficiency.

The International Energy Agency (IEA) Photovoltaic Power Systems Programme (PVPS) says in its latest report that 2023 was a record-breaking but tumultuous year for solar development. It says the manufacturing industry faces pressure from supply-demand imbalances, with overcapacity causing prices to collapse.

The International Energy Agency’s (IEA) latest report, which maps out the future evolution of clean energy manufacturing, says the combined global market for PV, wind turbines, electric cars, batteries, electrolyzers, and heat pumps will rise from $700 billion in 2023 to more than $2 trillion by 2035.

The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.

The International Renewable Energy Agency’s (IRENA) latest report says that women’s roles in decentralized renewable energy are critical to achieving universal electricity access in underserved communities.

The Nepal Electricity Authority (NEA) has received proposals from 134 companies for a total of 3.6 GW. It says that 259 projects from 127 developers passed the technical bid evaluation and will be considered when financial proposals are opened on Oct. 22.

Using atomic layer deposition, a research team from the City University of Hong Kong has created an an oxygen-deficient tin oxide layer to replace the more common fullerene electron transport layer in perovskite solar cells. The result is a 25%-efficient device that is able to retain around 95% of its efficiency after 2,000 h.

Total corporate funding in the solar industry reached $22.3 billion in the first nine months of 2024, down 23% year on year. Mercom Capital Group says global uncertainties are affecting investor confidence, but an increase in debt financing and resilience in newly announced large-scale project funding are bright spots for the sector.

The International Renewable Energy Agency (IRENA) says the result represents a 12% year-on-year decline. The figure has fallen 90% since the start of 2010.