Avaada announces $2.44 billion REC funding for energy transition projects
Avaada has signed an agreement with REC for INR 20,000 crore (around $2.44 billion) investment to fund its multiple projects over the next five years.
European warehouses store 40 GW of unsold solar panels
Rystad Energy says that about €7 billion ($7.8 billion) of solar panels are now being stored in Europe, but European developers continued to buy solar modules from China throughout the first half of this year.
India’s solar PV module exports surge 364% YoY
India exported solar PV cells and modules worth INR 8,440 crore in FY 2022-23. USA was the top destination with a 97% share.
NREL develops perovskite solar cells with 93% bifaciality
The National Renewable Energy Laboratory (NREL) has made highly bifacial perovskite cells with a front-side efficiency of 23%.
SECI invites bids to supply 1 GWp of solar modules
Solar Energy Corp. of India Ltd (SECI) is accepting bids from solar manufacturers in India to supply 1 GWp of PV modules built with domestically manufactured solar cells. Bidding closes on August 17.
European solar manufacturers secure EU financial support
Norsun and Midsummer have both secured financing to support their capacity expansion plans. Norway’s Norsun plans to raise its polysilicon capacity to 3 GW and Midsummer wants to build a 200 MW module facility in Sweden.
France recycled 3,800 tons of solar modules in 2022
French eco-organization Soren, which collects and recycles end-of-life solar panels, has published its 2022 annual report. Last year, more than 10 million solar panels were put on the market in France, up 25% from 2021.
Meyer Burger gets $224 million for 3.5 GW solar cell, module plant in Europe
Swiss manufacturer Meyer Burger Technology AG says it will probably build a new 3.5 GW factory at an unspecified location in Spain. The EU Commission is expected to issue a formal decision on granting funding for the project by the end of this year.
Mixed price signals for solar wafers, narrowing spread between M10 and G12 wafer prices
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.
Addressing the intricacies of BIPV fire safety
The adoption of building-integrated photovoltaics (BIPV) has been hindered by the complexity of fire safety standards, creating challenges for manufacturers and suppliers. However, efforts such as the IEA PVPS Task 15 report and collaborative research have shed light on the importance of comprehensive guidelines, reliable testing laboratories, and international cooperation.
