Commercial & Industrial PV

Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.

The International Solar Alliance (ISA) and Airports Council International (ACI) have agreed to strengthening cooperation to scale up solarization of airports across ISA member countries.

The International Solar Alliance said that securing financing for renewable energy projects in Pacific Island Countries (PIC) may be complex due to the need for stand-alone solar energy systems and mini-grids, which to be viable for larger investments would require aggregation at a sectoral or programmatic level to become feasible. In its monthly column for pv magazine, the organization describes the types of finance required to scale technologies.

Since July, the solar market has seen a stark drop in module prices. Forecasts indicate a price increase in the coming months. This uncertainty has cast a shadow on the growth of renewable energy assets in India.   

The nation is also set to emerge as one of the largest solar module manufacturers. It has considerable existing solar manufacturing capacity and is constructing even larger capacities, including polysilicon.

The hail storms that occurred recently in northern Italy damaged several photovoltaic systems. pv magazine Italy retrieved a report from the Vrije Universiteit Amsterdam from 2019 which tried to shed light on the damage caused to solar installations by hail by analyzing the effects of a severe hailstorm that occurred in the Netherlands in 2016. According to their assessments, damages to PV modules are mostly derived from hailstones of at least 3 cm in diameter.

Malaysia has increased the green energy tariff for residential and industrial consumers through the Green Electricity Tariff (GET) program. The government is offering 4,500 GWh of power to residential and industrial customers each year. These customers will be charged an additional MYR 0.281 ($0.062) for each kilowatt-hour of renewable energy that is purchased.

The nation installed a cumulative solar power capacity of 70.10 GW as of June 30, 2023. Rajasthan, Gujarat, and Karnataka together account for more than 50% of the overall PV installations.   

JSW Energy will set up a 3,800 tonnes per annum (tpa) green hydrogen plant for supply to JSW Steel. Green hydrogen production at the plant will be powered by 25 MW of renewable energy.

Scientists in Ireland investigated the effect of shunt resistance on a PV cell’s electrical performance. The group says its finding could potentially lead to the development of models for early detection of various forms of cell degradation, allowing for intervention to repair or replace components before major power losses occur.