Portugal aims to install 20.4 GW of solar by 2030
The Portuguese government has raised its 2030 solar target by 11.4 GW. It now hopes to cover 85% of its electricity mix with renewables by the end of the decade.
SECI tenders 500 MW of renewables with storage
Solar Energy Corp. of India Ltd (SECI) will start accepting bids to select developers for 500 MW of firm and dispatchable power from renewable energy projects with energy storage systems.
World Bank approves $1.5 billion to support India’s low-carbon transition
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.
Developer using membranes to increase bifacial solar module yield by 6.4%
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.
‘Renewables will eat itself,’ says Australian analyst
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.
Spain targeting 56 GW of new solar by 2030 under new energy strategy
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, Amara Raja Infra JV wins $130 million contract in Bangladesh
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.
Avaada Group closes $1.3 billion funding round
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.
US researchers identify rising number of solar siting restrictions
Columbia University researchers have identified 59 new renewable energy siting restrictions across 35 US states, taking the total to 228. They noted that nine state-level restrictions are severe enough to block projects.
New nanocoating to improve solar module output
India’s TriNANO Technologies has developed a nanocoating for solar modules that reportedly increases the panel’s power generation by up to 4% owing to its light trapping, anti-reflection and self-cleaning properties. It also lowers the panel temperature by 2-3 degrees Celsius compared to non-coated panels.
