Global Transformer Shortage Crisis Currently, the world is facing an increasingly severe transformer shortage crisis. From delays in European power grid expansion to delivery cycles extended to 127 weeks in the US, and the stagnation of Indian renewable energy projects due to equipment shortages, the tight transformer supply is hindering the progress of energy and technology strategies in m...
The International Energy Agency (IEA) states that vertically mounted fixed-tilt brackets and bifacial photovoltaic (PV) modules may be the most efficient way to deploy solar photovoltaic (PV) systems in the Arctic region. The IEA's Photovoltaic Power Systems (PVPS) Task Group 13 released a report exploring the feasibility and challenges of installing PV systems in its defined "Greater Arcti...
Recently, lithium carbonate prices have surged. According to data from Shanghai Metals Market (SMM) and research reports, the price of industrial-grade lithium carbonate rose nearly 20% weekly, reaching 170,000 yuan/ton; battery-grade lithium carbonate prices also fluctuated between 155,000 and 180,000 yuan/ton, a significant rebound from the lows at the end of 2025. This price level has directly ...
Trade body the Global Renewables Alliance (GRA) has called on policymakers to implement measures to fast-track the deployment of solar and other renewables amidst the Middle East crisis. Iran’s closure of the Strait of Hormuz last week sparked a sharp rise in oil and gas prices, threatening a global economic slowdown. The trade body highlighted parallels with previous energy crises, s...
Italian renewables platform Whysol Renewables has secured financing towards four agrivoltaics (agriPV) plants and two battery energy storage systems (BESS) in southern Italy. The company closed a €319 million (US$366.5 million) financing facility from a group of Italian and international banks and financiers. It will support the development of the agrivagriPV ltaics and BESS projects w...
Italy is the most attractive European country for solar PV development, according to the chief of staff of German independent power producer (IPP), Encavis. “For PV only, it’s definitely Italy,” Jan-Philip Kock told. “It’s a big market with lots of industrial customers that you want to cater to.” Italy also still has a high density of gas in its en...
Social media and tech giant Meta has signed an agreement to procure power from space-based solar power startup Overview Energy. Overview Energy proposes to launch satellites to generate solar power in space and beam it back to solar PV projects on Earth, theoretically allowing for 24/7 solar generation. The agreement with Meta would grant the Silicon Valley giant “early access” ...
The Vietnamese state power utility Vietnam Energy Generation Corporation 1 (EVNGENCO1) has proposed the development of 270MW of floating solar PV capacity on three hydropower reservoirs. The three projects will represent an investment of approximately VND4.4 billion (US$116,938), the utility said. The proposed sites are all in the Lam Dong province of southern Vietnam; the 96MW Dai Ninh Lak...