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Pakistan considers reducing solar PV incentives amid rapid adoption

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Pakistan is re-evaluating its incentives for rooftop solar photovoltaic (PV) systems due to concerns about grid reliability and increased capacity payments. The proposed changes include lowering buyback rates, limiting system sizes, and shifting from net metering to net billing. Despite these adjustments, the payback period for 5-25 kW solar PV systems remains under five years. With net-metered solar capacity reaching 2,200 MW in June 2024, the government aims to balance solar expansion with infrastructure stability.

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Italian researchers develop novel method to recover silver from end-of-life solar cells

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Researchers from Italy’s University of Camerino have developed a new method to recover silver from end-of-life solar cells, achieving an impressive recovery efficiency of 98%. This novel approach combines hydrometallurgical and electrochemical processes, which use aqueous solutions and electric currents, respectively, to extract and recover metals. Traditional metal extraction, such as open-pit mining, can cause significant environmental damage. In contrast, metal recovery from industrial waste can reduce environmental impact and lower energy consumption, offering a…

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EDF Renewables wins bid to build Israel’s largest solar plant at record low price

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EDF Renewables, a subsidiary of the French energy giant EDF, has secured a contract from the Israeli government to build and operate the country’s largest solar plant. The 300 MW project will be constructed near the southern city of Dimona in the Negev desert, as announced by the Israeli Ministry of Energy and Infrastructure. EDF Renewables submitted a bid of just below ILS 0.07 ($0.019) per kWh, marking the lowest price ever recorded in an…

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GE Vernova launches GRiDEA portfolio to decarbonize power transmission

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Grid Solutions, a GE Vernova business, has introduced the GRiDEA portfolio, a comprehensive suite of solutions designed to decarbonize the electrical grid and support the transition to sustainable energy. Unveiled at the CIGRE event in Paris, this portfolio highlights GE Vernova’s commitment to reducing carbon emissions and advancing electrification technology. The GRiDEA portfolio offers grid operators innovative solutions to significantly cut SF6 emissions and reduce the use of raw materials. Central to the portfolio are…

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Yunneng Wind Power completes foundation installation at 640MW Yunlin offshore wind project

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Yunneng Wind Power, a subsidiary of Skyborn Renewables, has successfully installed all 80 foundations at the 640 MW Yunlin offshore wind project in Taiwan, marking a significant milestone toward the project’s full completion by the end of 2024. This achievement keeps the Yunlin offshore wind farm on track, enhancing Taiwan’s renewable energy capacity. Significant progress has been made, with 68 turbines already installed and 52 of them actively supplying clean electricity to the grid. In…

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Aslan Energy, PT Calypte Sugi to develop 2 GW solar power hub on Sugi Island

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Singapore’s Aslan Energy Capital (AEC) and Indonesia’s PT Calypte Sugi Power have signed an agreement to develop a major power generation hub on Sugi Island in Indonesia’s Riau Islands Province. This partnership aims to establish large-scale solar and sustainable clean power generation capacity. With feasibility studies completed and showing promising results, the project will move into detailed engineering in the coming months, with the final investment decision expected by the second quarter of 2025. The…

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Norway’s Norges Bank commits €900 million to Copenhagen Infrastructure Partners’ renewable energy fund

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Norway’s Norges Bank Investment Management has pledged €900 million ($1.004 billion) to Copenhagen Infrastructure Partners’ (CIP) renewable energy fund, CI V. This fund will focus on developing renewable energy projects, including wind and solar, across various regions. The investment aligns with the Ministry of Finance’s 2019 mandate, which supports investments in unlisted renewable energy infrastructure. The partnership also includes a €250 million investment by Copenhagen and Elgin’s retained management into the solar developer Elgin Energy,…

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Mitsubishi Power to supply hydrogen-ready gas turbine for Saudi Arabia’s industrial co-generation plant

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Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries, has secured an order from Samsung C&T Corporation Saudi Arabia to supply its M501JAC combined-cycle gas turbine (CCGT), which is hydrogen-ready, for a new industrial steam and electricity co-generation plant in Saudi Arabia. The 475 MW co-generation power plant, being developed by a consortium led by the Abu Dhabi National Energy Company (TAQA) and Japanese power generation company JERA, will serve a petrochemical complex in Jubail, Eastern…

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SK Innovation and SK E&S merge to form largest private energy company in Asia-Pacific

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SK Innovation and SK E&S, two subsidiaries of the Korean conglomerate SK Group, have agreed to merge, creating the largest private energy company in the Asia-Pacific region. This strategic move by SK Group aims to establish a solid foundation for future growth in its energy businesses. The merger, set to be finalized on 1 November 2024, will integrate SK Innovation’s oil and battery operations with SK E&S’s liquefied natural gas (LNG) and renewable energy businesses….

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TenneT and GIGA Storage sign landmark grid connection agreement in the Netherlands

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Dutch state-owned transmission system operator TenneT has signed a groundbreaking time-bound connection and transmission agreement with GIGA Storage, marking the first agreement of its kind in the Netherlands. This contract sets a precedent for future energy storage projects, aiming to enhance the efficiency of the limited space on the electricity grid. Under the contract, GIGA Storage will be allowed to draw electricity from the grid or supply it back at least 85% of the time,…