Latest Developments in Solar Energy and Storage: Innovations, Market Trends, and Global Initiatives

pv magazine International – Your source for the latest news in the photovoltaic and storage industry, including market trends, technological advancements, expert insights, and more.

Top News

Longi Unveils Anti-Dust Back Contact Solar Module with 24.8% Efficiency
March 6, 2025
Longi has introduced a back-contact solar module that boasts an impressive 24.8% efficiency, delivering a power output of up to 670 W and a temperature coefficient of -0.26% per degree Celsius.

Ghana Plans Renewable Energy Investment Fund
March 6, 2025
Ghana aims to enhance its renewable energy deployment, particularly solar systems for hospitals, public institutions, and smaller enterprises, through a new green investment fund.

Swedish Developer Secures Land for 500 MW Solar Parks
March 6, 2025
Svea Solar has entered agreements for land development with one of the largest private forest owners globally, planning to establish eight new solar parks in Sweden with an aggregate capacity of around 500 MW.

Announcements

March Edition of pv magazine Global Now Available!
The latest edition for March 2025 is out, available in both print and digital formats. Don’t miss your copy!

Upcoming Webinar: Quality Risks for U.S. Module Buyers
Date: Thursday, March 20, 2025 | Time: 12:00 PM – 1:00 PM EDT
Join us for insights on navigating quality risks related to warehoused modules and new factories. Partnered with CEA – Clean Energy Associates. Registration Link

Special Edition: Key Rimini 2025
The Italian Special Edition focused on the local market is now available for free!

Sponsored Insights

Global Battery Industry Enters New Phase, Says IEA
March 6, 2025
The global battery industry is projected to reach a 1 TWh demand milestone in 2024, with China producing over 75% of the batteries sold worldwide, resulting in a decrease in costs and potential technological shifts.

South America Expected to Add 160 GW of PV by 2034
March 6, 2025
Mature markets like Brazil and Chile are anticipated to contribute 78% of the region’s total installations, with small-scale projects (<5 MW) making up 48% of the new builds, according to Wood Mackenzie.

Industry Developments

Renewables Account for 54.1% of Spain’s Total Energy in February
March 6, 2025
In February, nuclear energy was the leading source at 22.1%, followed by hydroelectric at 20.2%, wind at 17.3%, photovoltaics at 14%, and combined cycle at 13.8%.

UtmoLight Achieves 18.1% Efficiency with Perovskite PV Modules
March 6, 2025
UtmoLight has reported an efficiency of 18.1% for its perovskite PV modules, with results validated by the U.S. National Renewable Energy Laboratory (NREL).

SMA Reports €93 Million Loss for 2024
March 6, 2025
The German PV company experienced a nearly 20% drop in revenue last year but anticipates stabilization in 2025 due to ongoing restructuring efforts.

Innovations in Technology

Tandem PV Advances Perovskite Manufacturing with $50 Million Funding
March 6, 2025
Tandem PV plans to produce a perovskite layer that is 200 times thinner than silicon, requiring only 10% of the energy needed for traditional panel production.

Sungrow Introduces 5 kWh Home Battery System
March 5, 2025
Sungrow’s new residential battery energy storage system is designed to be compact at 182 mm and can manage a maximum charge/discharge current of 50 A.

New Technique Developed to Predict Solar Inverter Temperature
March 4, 2025
An international research team has created a novel method for forecasting inverter temperature using symbolic regression based on particle swarm optimization.

Conclusion

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