European Council proposes reforms for EU electricity market design
The European Council has agreed to improve regional electricity market legislation. If the European Parliament supports the proposed reforms, it could stabilize energy prices and reduce reliance on fossil fuels, says Teresa Ribera Rodríguez, Spain’s ecological transition minister.
Dracula Technologies builds organic PV module factory in France
Dracula Technologies has built an organic photovoltaic (OPV) module factory in France to make OPV devices with digital printing technology for connected objects. The facility can produce up to 150 million cm² of OPV modules per year, with the first shipments scheduled to start in 2024.
Qcells expands $2.5 billion US solar factory
Qcells has expanded its $2.5 billion solar factory in the US state of Georgia. The move is the first phase of its factory expansion plans, increasing module production capacity to more than 5.1 GW.
Axitec to set up 600 MW of pilot solar module lines in India
Axitec Energy India has announced the establishment of 600 MW of pilot solar module lines in India. CEO Tanmoy Duari told pv magazine that 300 MW of the planned capacity in Gujarat and another 300 MW in Tamil Nadu will produce n-type TOPCon solar modules. Production will start in the first quarter of 2024.
Austria slashes VAT on residential PV
Austria has reduced the value-added tax (VAT) on residential PV systems. The new measures apply to all new PV systems up to 35 kW in size, and it will go into force in January.
Downward trend for PV module prices losing momentum
If demand picks up again toward the end of the year due to the current price situation, the downward trend for PV module prices could be stopped, according to pvXchange’s Martin Schachinger.
Plus Power raises $1.8 billion for US energy storage facilities
Plus Power has raised $1.8 billion to construct battery energy storage system (BESS) facilities in Arizona’s Salt River Project and the ERCOT market in Texas.
India’s NTPC, MSPGCL launch EPC tenders for 900 MW of PV
NTPC Green Energy Ltd. (NGEL) is seeking engineering, procurement and construction (EPC) bids for a 300 MW solar project in India. Maharashtra State Power Generation Co. Ltd. (MSPGCL), meanwhile, started accepting bids for 600 MW of PV.
Canada’s largest behind-the-meter solar project
Construction has started on two solar projects in the Canadian province of Alberta, including one with a flow battery energy storage system.
LevelTen Energy records 4% increase in North American PPA prices in Q3
LevelTen Energy says in a new report that power purchase agreements (PPA) are becoming more expensive in the United States due to rising costs.
