Highlights

The Dutch cabinet said it will support solar factories that will produce panels with a circular economy approach. It also allocated €296 million to support battery manufacturing.

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.

The World Bank has approved $1.5 billion in financing to accelerate India’s development of low-carbon energy. The financing will help India scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments.

Germany-based Solar Kapital has used membranes at three of its PV plants in Greece. It claims that the payback time of the new solution is relatively short.

The Ministry of New and Renewable Energy (MNRE) has notified the guidelines for its incentive schemes to promote the domestic production of green hydrogen and electrolyzers. 

ReNew has commissioned a 42.8 MW renewable energy project for consumption by Sandur Manganese & Iron Ores and another 27.2 MW for Toyota Kirloskar Motor.

Over the next five to 15 years, batteries will undercut the business case for major transmission and interconnector projects. These assets will nonetheless likely be built, decreasing price spreads and eating into the revenues of batteries, predicts analyst Warwick Johnston.

The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW.

Premier Solar Powertech, in a joint venture with Amara Raja Infra, has secured a $130 million PV contract in Bangladesh. The company will provide technical support and supply 140 MWp of high-efficiency solar panels to the project. 

The integrated energy company has closed $1.3 billion in financing for its green hydrogen, green methanol, green ammonia, solar manufacturing, and renewable power generation ventures.