IRENA’s report Renewable Capacity Statistics 2023 shows that in 2022, Asia accounted for nearly 60 percent of the worldwide increase in renewable energy generating capacity, resulting in a total of 1.63 Terawatt (TW) of renewable capacity by year end. A huge part of this increase occurred in China.

Pexapark says power purchase agreement (PPA) prices are falling in Europe, with prices in Spain and Portugal down by 6.4% and 6.2% to €40.90 ($43.99)/MWh and €39.60/MWh, respectively.

US utility Georgia Power has more than 850 MW of active energy storage projects under development or in operation across its service territory.

New research shows that floating PV plants may have superior generating capabilities compared with ground-mounted PV plants in several areas of Bangladesh. Furthermore, the study indicates that floating arrays in the country may reach a levelized cost of energy ranging from $0.0341/kWh to $0.0486/kWh depending on the location.

Scientists in Belgium are exploring the potential of recycled silicon in solar modules at the end of their life cycle for reuse in low-cost, higher-energy-density storage technologies. They claim EV batteries using this silicon may allow faster recharging and travel longer distances on a single charge.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Green hydrogen holds the potential to decarbonize critical sectors and provide clean energy solutions. However, it accounts for less than 1% of global hydrogen production. Targeted interventions are required to facilitate a smooth transition toward a green hydrogen economy.

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).

CEA’s Energy Storage System (ESS) Supplier Market Intelligence Program (SMIP) offers a biannual market report about the leading global lithium-ion battery cell manufacturers and energy storage system integrators.

Bangladesh has introduced tax exemptions to reduce water production costs and promote the use of solar power in 19 coastal districts. This initiative comes in response to grid electricity shortages caused by a decline in coal and fuel imports. The goal is to enhance reliance on solar-powered water desalination in these areas.