News
EU’s Chinese inverter ban could affect 14% of future solar demand, Wood Mackenzie says
The European Union (EU) ban on issuing funds for energy projects using Chinese inverters could affect around 14% of the bloc’s solar demand through 2030, according to new analysis from energy market research firm Wood Mackenzie.
Solar PV LCOE ticks marginally upwards in 2025, reaching US$44/MWh
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.
Research points to ‘recyclability of solar panel components’ in Australia
Developing more robust PV module recycling methods in Australia could be of economic benefit to the companies involved in recycling, and help fill a gap in policy support to incentivise module recycling, according to research published in Solar Energy Materials and Solar Cells.
100GW capacity! European inverter manufacturers avoid dependence on China and export to the United States.
Europe's inverter manufacturing capacity has now exceeded 100GW, making the region the world's largest inverter manufacturing base outside of China.
Electricity prices plummet by 19%! Spain overcomes rising natural gas prices with solar and wind power.
The large-scale deployment of renewable energy in Spain has driven energy prices to decouple from volatile global natural gas prices, resulting in a 19% reduction in residential electricity bills.
EU launches €25 billion Mediterranean renewables investment scheme
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.
EC clears €23 billion Italian state aid package for 37GW renewable energy buildout
The European Commission (EC) has approved a €23 billion (US$26.5 billion) support scheme to deploy more than 37.15GW of renewable energy capacity in Italy.
Insurance market must adapt to hybrid renewable energy projects, report finds
The insurance market will need to evolve its underwriting approaches to keep pace with the rapid growth of co-located renewable energy projects, according to a new report from renewable energy insurer Tokio Marine GX (TMGX).
200GW full-speed expansion! Musk is serious this time.
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.
Wannon Water, Enervest complete ‘one of Australia’s largest floating solar arrays’
Melbourne-based developer Enervest has delivered what is claimed to be one of Australia’s largest floating solar installations, built to offset the energy costs of pumping drinking water in regional Victoria.