Global Insights and Innovations in the Photovoltaic and Energy Storage Industries

pv magazine International – News from the photovoltaic and storage industry: market trends, technological advancements, expert commentary, and more.

Top News

Longi Unveils Anti-Dust Back Contact Solar Module with 24.8% Efficiency
March 6, 2025
Longi has launched a back-contact solar module boasting a remarkable efficiency of 24.8%. This module offers a power output of up to 670 W and features a temperature coefficient of -0.26% per degree Celsius.

Ghana Plans Renewable Energy Investment Fund
March 6, 2025
Ghana is poised to enhance its renewable energy deployment, including solar systems for hospitals, public institutions, and small businesses, through a new green investment fund.

Swedish Developer Secures Land for 500 MW of Solar Parks
March 6, 2025
Svea Solar has finalized several land agreements with one of the world’s largest private forest owners to develop eight solar parks in Sweden, with a total capacity of around 500 MW.

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Global Battery Industry Enters New Phase, Says IEA
March 6, 2025
The global battery industry is set to reach a demand milestone of 1 TWh by 2024, with China producing over three-quarters of the batteries sold worldwide. This concentration in production has led to reduced costs and potential technological shifts.

Market Insights

South America Estimated to Add 160 GW of PV by 2034
March 6, 2025
According to Wood Mackenzie, mature markets like Brazil and Chile are expected to account for 78% of total installations, with small-scale projects (less than 5 MW) making up 48% of total builds in the region.

In France, Future of Small-Scale Solar Power Producers in Limbo
March 6, 2025
The implementation of reduced VAT and retroactive subsidy cuts has led to an eight-month delay that could jeopardize the small-scale self-consumption power sector, according to the GPPEP, which advocates for these producers.

Technological Advancements

UtmoLight Achieves 18.1% Efficiency with Perovskite PV Modules
March 6, 2025
UtmoLight has achieved an efficiency of 18.1% with its perovskite PV modules, as confirmed by the US National Renewable Energy Laboratory (NREL).

SMA Posts €93 Million Loss for 2024
March 6, 2025
SMA, a German PV company, experienced nearly a 20% revenue decline last year. However, the company anticipates revenue and profit stabilization in 2025, partly due to ongoing restructuring efforts.

Installations

India’s Solar Additions Could Double to 30 GW in Fiscal 2025
March 6, 2025
According to SBICAPS, India’s solar capacity additions may double to 30 GW in fiscal 2025, driven by increased rooftop demand and supportive policies.

Somalia Kicks Off Solar-Plus-Storage Tender
March 6, 2025
The Somali government is inviting bids for the development of a 12 MW solar and 36 MWh battery energy storage system in the northeastern region, with applications due by May 5.

Sri Lanka Moves Ahead with 100 MW Solar Project
March 5, 2025
The Sri Lankan government has approved a land transfer for a 100 MW solar project in the south, which will be managed by the Sustainable Energy Authority.

Serbia Adds 80 MW of Solar in 2024
March 5, 2025
Serbia’s solar market is expanding, with an 80 MW addition in 2024, raising total capacity above 200 MW, according to the country’s renewable energy association.

Conclusion

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