Markets & Policy

AMPIN Energy Transition has secured long-term financing of EUR 25 million to support the growth of its renewable energy portfolio and establish a solar cell and module production facility in India.

Panasonic Energy and IndianOil have started discussing the framework for the formation of joint venture to manufacture cylindrical lithium-ion batteries in India. The JV will cater to the battery demand for two- and three-wheel vehicles and energy storage systems in the Indian market.

Energy storage is the new solar for an increasing number of Chinese PV manufacturers. However, China still requires enabling policies for storage to provide the end-market volumes needed to bolster the fortunes of manufacturers old and new.

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.

Husk Power will use the fund for the construction of community solar minigrids in Nigeria, installation of rooftop solar for commercial & industrial (C&I) customers, expansion of appliance sales to households and small businesses, and the scaling of value-added services such as agro-processing and e-mobility.

The International Renewable Energy Agency (IRENA) says developers installed 345.5 GW of solar throughout the world in 2023. China mainly drove the surge, accounting for nearly three-quarters of all new renewable energy, but IRENA says more equitable growth will be needed to hit 2030 deployment targets.

Polish grid operator Polskie Sieci Elektroenergetyczne (PSE) has announced its third disconnection of renewable energy capacity this year. This time it has initiated the reduction of 1,201 MW to 1,877 MW of PV in response to oversupply.

The United Arab Emirates (UAE) tops in green hydrogen competitiveness with the world’s lowest levelized cost of hydrogen (LCoH) of $2.7/kg in 2023 and a projected $1.7/kg in 2030. It is followed by Saudi Arabia and India, which could produce green hydrogen at $2.9-$3.2/kg in 2023 and $1.8/kg in 2030.

Waaree Solar Americas Inc has appointed Gordon Brinser, EnerSys’ former vice president of operations, as its chief operating officer.

London Science Museum’s newest exhibit is focused on energy transition and renewable energy. The gallery showcases how the world can generate and use energy more sustainably, highlighting technologies and projects from the UK and abroad. Adani Green Energy is the gallery’s title sponsor.