News

The levelised cost of electricity (LCOE) for solar PV increased marginally in 2025, reaching US$44/MWh, up from US$43/MWh in the previous year.

Europe's inverter manufacturing capacity has now exceeded 100GW, making the region the world's largest inverter manufacturing base outside of China.

The European Union has launched an investment platform to expand renewable energy, clean technology manufacturing and electricity networks across the Mediterranean region.
The Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) will aim to mobilise €25 billion (US$28.9 billion) in investments by 2035 and seek to contribute to the development of 15GW of renewable energy capacity.

On May 20th, according to exclusive confirmation from foreign media outlet Electrek, Tesla officially launched its 100GW solar panel Gigafactory project in Brooksville, near Houston, Texas. This marks a crucial step forward in Elon Musk's Davos vision.

Meanwhile, Bloomberg disclosed permit application documents showing that SpaceX is building a 10GW solar cell manufacturing plant in Bastrop, Texas. The plant will feature a dual-layer design, with each layer having an annual capacity of 5GW, focusing on high-efficiency heterojunction cells, with the goal of providing power for orbital AI data centers.

Norway-headquartered technical and safety expert DNV has published two new standards for the design and maintenance of floating solar PV (FPV) systems.
The new standards – DNV‑ST‑C108 and DNV‑ST‑E309 – provide a “comprehensive and aligned framework for the design, analysis, operation and risk management of FPV systems across their full life cycle, from component to system level,” DNV claimed.

Two months have passed since the Strait of Hormuz was closed due to the outbreak of the Middle East conflict. With no clear indication of when the strait will be safely reopened for shipping, its ripple effects on the global energy industry are intensifying.

Exports of Chinese solar products – including modules, cells and wafers – hit a record 68GW in March 2026, a figure that is equivalent to Spain’s entire operational solar PV capacity.

The first hurdle is the interplay of technologies themselves. The core advantage of lithium-ion batteries is their high energy density. But this very advantage also puts them inherently in a tug-of-war between efficiency and safety.

As batteries continuously strive for higher energy density, their internal stability is compromised. Once exposed to overcharging, short circuits, external impacts, or high temperatures, the internal temperature of the cell rises rapidly, triggering a series of irreversible exothermic reactions—what the industry calls "thermal runaway."

Starting April 1st, export tax rebates for photovoltaic (PV) products will be officially cancelled, marking the end of the long-standing era of PV subsidies.

According to Announcement No. 2 of 2026 issued by the Ministry of Finance and the State Taxation Administration on January 9th, starting April 1st this year, the VAT export tax rebate rate for 249 PV products, including solar cells, modules, and doped silicon wafers, will be reduced from 9% to 0%. The rebate rate for battery products will be cancelled in two phases: first reduced to 6%, and then completely cancelled from January 1st, 2027, allowing companies time to adapt.

Predicting the value of PV equipment in two decades time is one of the key difficulties of estimating costs of retiring a solar plant.PV recycling capacity in Europe is lagging behind forecast waste volumes over the coming decades, according to a new study.