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BloombergNEF reports that at the end of 2023, global PV manufacturing capacity was between 650 and 750 GW―a growth of two to three times in the past five years! 🔭Looking for more insights on the solar market? 👓Read National Renewable Energy Laboratory’s most recent report: https://lnkd.in/d4J7PwVa 💸Looking to follow this momentum and get the most out of domestic manufacturing incentives for your solar projects? 📨Reach out to [email protected] #ussolar #madeinAmerica #InflationReductionAct

On 26 September, EirGrid published the provisional results of the third Renewable Electricity Support Scheme (RESS 3) auction. We've delved into the details below. Make sure to stay up-to-date with the latest energy news in our Irish Weekly Bulletin: https://bit.ly/3XVBkLK RESS 3 The RESS 3 process saw 36 projects apply to participate, of which 33 took part in the auction. Of these, 31 projects submitted an Offer Price for their project, leading to 23 provisionally successful projects representing a total Deemed Energy Quantity of 934.48GWh. Successful technologies include 497.6MW of solar capacity and 148.4MW of onshore wind capacity. The average weighted bid price for the auction was €100.47/MWh, representing an increase on the RESS 2 average weighted price of €97.87/MWh. For more information on signing up for our Irish Weekly Bulletin contact: [email protected]

Governments around the world are expected to tender at least 102 GW of renewable energy capacity in 2024 after auctioning 137 GW in 2023. More than 60 GW of offshore wind will be tendered this year. From a geographical point of view, the Asia Pacific region got 67% of the contracts for a total of 90 GW. It was followed by EMEA with 37 GW and the Americas with nearly 10 GW. #2024renewables #renewableenergy #odinglobal

As announced by the NOA Group today, the company has acquired a cluster of solar PV projects near Welkom. This new player in the market, is an integrated energy company and funded by African Infrastructure Investment Managers (AIIM)—part of the Old Mutual group. With this shareholder's backing, NOA is expected to become a strong player in very competitive market , with plans to expand its renewable energy portfolio to 5GW by 2028. Great to see the Free State Province attracting attention with several large clusters nearing commercialisation. South African Photovoltaic Industry Association (SAPVIA) Niveshen Govender South African Wind Energy Association (SAWEA) Eskom Holdings SOC Ltd IPP Office Brian Day SANEA NPC WKN Windcurrent PNE AG -Khauta A: Capacity of 240MW -Khauta B: Capacity of 110MW -Projected to generate 905 GWh of electricity annually. -Acquired by NOA from Pure New Energy (PNE) -Scheduled construction commencement: Q4 2024 -Khauta A anticipated COD: Q4 2026 -Khauta B anticipated COD: Q4 2025 Read more: https://lnkd.in/daSZKbYM

Romania: Only 10-15% of RES projects to be completed Of the total number of renewable energy projects that have obtained the grid connection technical approval (ATR), only 10-15% will materialize and produce electricity, according to the data presented by Claudiu Dumbrăveanu, ANRE director, at the FOREN regional energy forum 2024. As of last week, 878 technical connection approvals (ATR) have been issued for wind […] https://lnkd.in/dK69v8-3

Russia to commission 20 GW of renewable capacity by 2035 — Novak The total installed capacity of renewable energy sources in Russia amounts to 6 GW at present About 20 GW of renewable energy sources’ capacity is planned for commissioning in Russia by 2035, according to the presentation to the report by Deputy Prime Alexander Novak at the Russia Expo international forum. "We set the task for ourselves for the period by 2035 to achieve the level of 20,000 MW, increase the share in our energy balance, and make it cleaner," Novak said. The total installed capacity of renewable energy sources in Russia amounts to 6 GW at present, including 2.2 GW of the total capacity of seventy solar power plants and 2.5 GW of the total capacity of twenty-six wind farms. #business #finance #financialservices

We proudly announce that ERG has entered the renewable energy market in the United States. The Group has signed a strategic partnership with Apex Clean Energy for the acquisition of a 317 MW portfolio of wind and solar assets in Iowa and Illinois.   This agreement represents the first step of the Group in the overseas market involving the establishment of a US-based holding company that will include a wind farm and a solar plant, both recently started-up, for a total of 317 MW of installed capacity and an estimated production of around 1 TWh, besides a cooperation agreement in relation to new solar and onshore wind projects of about 1 GW under development in the United States.   This agreement concludes a 2023 of significant changes and exceptional growth for our Group, now a pure and more international renewable energy operator. Discover more: https://lnkd.in/dTmMeSvt   #SDGsContributors #greenenERGymakers #US #renewables 

AMEA Power has finalised a 20-year power purchase agreement with South African utility ESKOM for the 120 MW Doornhoek solar photovoltaic project, aiding South Africa's aim of achieving its renewable energy target of 22% by 2030. Read more: https://lnkd.in/eX4cU4Yx ⚡ Follow MPS (Modern Power Systems) for all the latest news daily from the global power generation industry ⚡ #MPS #power #energy #powergeneration #solarpower

The Ministry of New and Renewable Energy (MNRE) has clarified the applicability of the Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirements for Compulsory Registration) Order, 2019, to #solar projects https://lnkd.in/gCfwZQd5