Markets

The solar supply chain problems that began last year with high prices and polysilicon shortages are persisting into 2022. But we are already seeing a stark difference from earlier predictions that prices would decline gradually each quarter this year. PV Infolink’s Alan Tu probes the solar market situation and offers insights.

SCCL is tendering an engineering, procurement and construction contract for a grid-interactive solar plant at Singareni Collieries Company’s Ramagundam site in Telangana. Bidding closes on June 15.

Indian developer Greenko has begun construction of a hybrid energy storage project featuring 10.8 GWh of daily pumped storage, 3 GW of solar, and 550 MW of wind. It claims that it might be the world’s largest renewables-based storage project upon completion.

Rooftop and ground-mounted solar deployment is reportedly slowing down in Bangladesh due to rising prices of panels, inverters, and other PV system components.

The International Energy Agency expects solar, wind power, and other renewable energy technologies to achieve triple-digit global growth this year, with new PV additions set to reach almost 200 GW.

With its growing population and rapidly increasing energy needs, Pakistan’s energy security is undermined by the overriding share of imported fossil fuels in its energy mix. But, by turning to its untapped, tremendous solar, wind and biomass potential, the South Asian country could spur social and economic development, while improving energy access, says IRENA.

The China-led Asian Infrastructure Investment Bank (AIIB) has extended a $200 million long-term credit facility to Bangladesh to finance a range of infrastructure projects, including renewable energy expansion.

As people have gradually migrated to the world’s cities, urban areas have migrated upward to scrape the sky. And yet, while one of the first principles of power generation is to generate as close as possible to the point of consumption, energy systems have long been designed to deliver electricity to major cities from distant hubs. But now, thanks to recent advances in solar panel energy density and building-integrated PV, vertical cities could soon be standing tall under their own power.

The solar manufacturer, with a 3.5GW cell and module production capacity, has expanded its retail sales footprint to Tamil Nadu with Festa Solar as the official distribution partner for the region. 

The solar park will sell power to the Bangladesh Power Development Board at a price of $0.1195/kWh under a 20-year power purchase agreement.