2024 PV Trends: Global growth and challenges
Amid a backdrop of massive installations and evolving metrics, IEA-PVPS 2024 “Trends Report” encapsulates significant shifts in photovoltaic deployment across the globe, reflecting PV’s evolving role in energy systems and underscoring its capacity to meet global demands. The association explores the trends identified in the report, noting the milestones, regional dynamics, and the implications of increased PV penetration in energy grids worldwide.
Enphase Energy to cut 17% of workforce, shut down production in Mexico
Enphase Energy says it plans to restructure its operations, reducing its global workforce by 17% – about 500 employees and contractors – and closing its contract manufacturing site in Mexico.
U.S. solar industry association at COP29
Leaders of the Solar Energy Industries Association are taking part in COP29 in Azerbaijan to offer guidance on how to responsibly manage the growing renewables industry.
Sunrise brief: Are California’s electricity prices rising because customers are installing solar panels?
Also on the rise: Addressing toxicity concerns in lithium batteries. Battery recycler wins $475 million loan from Department of Energy. And more.
In case you missed it: Five big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Higher inventories weaken demand across global solar module markets
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Bankrupt solar installer Lumio acquired by Zeo Energy Corp.
Lumio filed for Chapter 11 bankruptcy in September.
Battery recycler wins $475M loan from Department of Energy
The loan will support Li-Cycle in further advancing a lithium-ion battery recycling facility in Rochester, in New York state, which may then become a source of battery materials.
SolarEdge posts $1.21 billion net loss in Q3
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
Are California’s electricity prices rising because customers are installing solar panels?
Electricity rates are rising in California. Utilities say rooftop solar is to blame. Grid expert and economist-at-large Ahmad Faruqui comments.
