Solar investment outstrips all other power forms: IEA

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday. 

The International Energy Agency (IEA) forecast in a report that global investment in clean energy this year will hit $2 trillion, twice the amount going to .

It said combined investment in renewable power and grids overtook the amount spent on fossil fuels for the first time in 2023.

840MW Botley West Solar Farm concludes second consultation

The second consultation phase has been completed for the Botley West Solar Farm in the west of Oxfordshire.

The project, proposed by the developer Photovolt Development Partners (PVDP), held a consultation period of over ten weeks from 30 November 2023.

More than 1,000 local residents, councils, and technical bodies attended the information event for the project, which will be split across three sites – Cherwell, West Oxfordshire, and Vale of White Horse.

Sao Paulo inaugurates 7 MW floating solar plant

The government of Sao Paulo has announced the completion of the first phase of the UFF Araucária floating PV project on the Billings Reservoir, which is the largest reservoir in Sao Paulo.

The plant has a capacity of 7 MW and features 10,500 solar panels mounted on high-density polyethylene floats. It will operate under the country's net metering scheme.

The race to get next-generation solar technology on the market

6 full-size perovskite tandem cells in a metal assembly carriage

In Swift Solar’s lab, more than a dozen pairs of elbow-length rubber gloves hover horizontally in midair, inflated like arms. The gloves are animated by gaseous nitrogen and jut out of waist-high, glass-walled enclosures, designed to keep the workspaces dry and airtight to protect the delicate solar materials inside. 

'Significant bottlenecks': EU has same amount of solar panels stockpiled as installed, says report

Europe is stockpiling the same amount of solar panels as it has deployed, a new report has found.

According to Rystad Energy's Freedom from Fossil Fuels report, 40 gigawatts (GW) of solar panels are stored in warehouses across the European Union, equivalent to what was installed across the 27-country bloc in 2022.

If these panels were installed, they could replace seven billion cubic metres (bcm) of fossil gas, which should rise to 15 bcm at the end of the year as Rystad Energy forecasts that the number of panels in storage should grow to 100 GW.

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