Month: February 2024

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Electricity generated from utility-scale solar photovoltaic is increasingly competitive with coal power in Asia amid plummeting capital costs – especially in China, Wood Mackenzie finds. Solar PV, balanced with battery-based energy storage, is becoming competitive with gas power already today – though it will struggle to outcompete coal before 2030. Subscriber content   Full content is available only to subscribersplease log in below or subscribe nowOr request to register for a free 14 day trial here    

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The Government of Mexico has introduced an innovative approach to enhance the quality of life among its citizens, particularly targeting the most vulnerable groups. This initiative, part of a broader set of wellness programs, is not just focused on economic support but extends to ensuring access to basic services such as health, education, housing, and food. A standout project within these efforts is the ‘Energy for Wellbeing’ program, which aims to make sustainable energy sources accessible to Mexican families by offering financial assistance for the purchase of solar water heaters…

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France has marked a significant milestone in its renewable energy journey by connecting approximately 955 MW of new photovoltaic (PV) systems to the grid in the last quarter of 2023, according to the Ministry of Ecological Transition. This surge in solar energy capacity brings the nation’s cumulative installed PV capacity to an impressive 20.0 GW by the end of December 2023, highlighting a clear commitment to sustainable energy sources. Advertisment Accelerated Growth in Solar Energy The addition of 3.2 GW of new solar capacity in 2023 represents a notable increase…

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They represent the largest tax equity arrangement deal signed by Engie North America to date. The financing is structured in three separate deals, with US banks JP Morgan and Goldman Sachs and France-based financial services company BNP Paribas. Engie has a number of operations in the ERCOT market, which operates the majority of Texas’ grid. Last November the company signed two virtual power purchase agreements (VPPA) with paper producer WestRock for the Bernard Creek and Chillingham PV projects, both connected to the ERCOT system. Earlier this month Engie inked a…

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The Solar Energy Corp. of India (SECI) has invited bids to build 1.2 GW of wind-solar hybrid power projects on a build-own-operate basis anywhere in India. The projects must connect to the interstate transmission grid. Bidding closes on March 29. February 28, 2024 Uma Gupta Image: Serentica Renewables The Solar Energy Corp. of India (SECI) has invited proposals to set up 1.2 GW of interstate transmission system (ISTS) connected wind-solar hybrid power projects anywhere in India. The projects are to be developed on a build-own-operate basis. SECI will enter into…

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SIR: In the heart of Nigeria’s development dilemma lies an ironic paradox: a nation rich in potential yet plagued by persistent power outages. The narrative of Nigeria’s power sector is one of unfulfilled promises and missed opportunities, with the term ‘epileptic power supply’ becoming a staple in the lexicon of the Nigerian populace. However, amidst the gloom, solar energy emerges as a guiding light of hope, offering a sustainable solution to our electricity crisis. This conundrum, where abundant natural resources and human capital coexist with such glaring infrastructural deficits, underscores…

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CHICAGO, UNITED STATES, February 28, 2024 /EINPresswire.com/ — The Asia Pacific region has emerged as a colossus in the 𝐬𝐨𝐥𝐚𝐫 𝐩𝐨𝐰𝐞𝐫 𝐬𝐞𝐜𝐭𝐨𝐫. With a valuation of US$ 317.4 billion in 2022, the market is on a trajectory to reach an impressive US$ 2,486.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 25.7% during the forecast period of 2023–2031. The Asia Pacific region’s dominance in the solar power market is unequivocal, accounting for over 65% of the global solar photovoltaic (PV) installed capacity in 2022. Leading the…

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Though CSP and PV have similar efficiencies, there are a few notable differences between them when it comes to applications, costs, and storage capacity. The main difference between CSP and photovoltaics is that CSP uses the sun’s heat energy indirectly to create electricity, and PV solar panels use the sun’s light energy, which is converted to electricity via the photovoltaic effect. Application Concentrated solar power systems require a significant amount of land with direct sunlight or irradiance. Because of this, there are limited places to build these types of systems.…

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Indian researchers have proposed to build tandem solar cells based on a CIGS top cell and a bottom cell relying on a single-walled carbon nanotube (SWCNT) absorber. SWCNTs were previously used in solar research as an alternative to conventional metal grid contacts or hole transport layers (HTLs), as they combine optoelectronic properties, flexibility, chemical stability, and simple transfer protocols. February 28, 2024 Emiliano Bellini Scientists led by the M.M.M. University of Technology, Gorakhpur in India have developed a tandem solar cell based on a copper, indium, gallium and diselenide (CIGS) top cell…

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