Highlights

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.

Researchers at the University of Hong Kong (HKU) have developed a quasi-solid-state magnesium-ion battery with a voltage plateau at 2.4 V and an energy density of 264 Wh/kg. It surpasses the performance of current magnesium-ion batteries and almost matches the performance of lithium-ion batteries.

PV Evolution Labs (PVEL) says it has added new solar module qualification tests and fresh insights to improve intelligent module procurement strategies.

Seven developers secured a cumulative 1.184 GW in SJVN auction for the supply of 1.5 GW of firm and dispatchable power. The winning developers will build renewable power projects supplemented with energy storage system to ensure the power supply.

The significant fall in solar module prices over the last six months is positive for under-construction projects.

To scale the adoption of clean technologies in rural areas, we need to focus more on leveraging the experience of early women adopters. We should organise hyperlocal events and demos – create spaces for women to network and become aware.

SJVN has secured a Letter of Intent from Uttarakhand Power Corp. Ltd (UPCL) to purchase 200 MW of solar power from its 1 GW Bikaner project.

Solyco, a PV system specialist, has deployed a 12.64 kW vertical PV rooftop system made with glass-glass bifacial tunnel oxide passivated contact (TOPCon) modules in Hannover, Germany. It also installed a 10 kW vertical array in Hamburg.

Masdar, EDF Renewables and Nesma Company have signed a 25-year power purchase agreement (PPA) with Saudi Power Procurement Co. (SPPC) to develop the 1.1 GW Al Henakiyah Solar Project in Saudi Arabia.

Tata Power clocked 16th consecutive quarter of net profit (profit after tax) growth with Q2 FY 2024 profit rising 9% YoY to INR 1,017 crore ($122.18 million).