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The next batch of energy yield results from the outdoor test field at Xi’an, China are out.
On November 2, China’s National Energy Administration held a symposium to evaluate the results of the 13th Five-Year Plan for solar PV development at its halfway point, discussing the adjustment of PV and thermal generation targets in the plan. As a result of this, there is renewed positivity regarding China’s domestic solar demand in 2019-2020.
Solar PV has come a long way as a power generation technology. As highlighted in SolarPower Europe’s Global Market Outlook for 2018 to 2022, solar added 98 GW of net generation capacity last year, eclipsing all other forms of electricity generation. But solar needs to do a lot more, and to do it very soon if we want to limit greenhouse gas (GHG) emissions and keep global warming to below 1.5°C from pre-industrial levels.
As the deployment of renewable energy continues to expand around the world, driven by various inputs, such as capital allocation and investment, falling capital costs, competitive LCOE and various policy mechanisms, we are now moving towards a new era for renewable energy. ‘Renewables 2.0’ will have significant, wide-ranging consequences for all market players, as regulators reduce their support and power producers seek new revenue models. In this article, Duncan Ritchie, partner at Apricum – The Cleantech Advisory, will look at the key market developments for renewables, explode the myth of grid parity, highlight the need for flexibility and explain the importance of new financing solutions that are capable of meeting the new complexities brought about by ‘Renewables 2.0’.
With the release of second quarter financial results, the rankings of global module shipments in the first half of the year can be confirmed. JinkoSolar shipped 4.8 GW to take first place in this period.
By 2025, Taiwan aims to reach a cumulative installed solar PV capacity of 20 GW. However, by mid-2018, just 11.2% of this goal had been met. TrendForce analyst, Rhea Tsao, examines the situation and discusses what needs to be done to reach the target.
In light of the massive Renewable Energy Development Fund deficit, China is looking for new ways to support the further deployment of renewables. German Energy Agency, Dena has prepared a new report, detailing how the country can move away from FITs to a more sustainable financing framework. Overall, it points to the increasing importance of auctions; and discusses how the right policy design can improve the cost competitiveness of renewable energies.
As renewable energy subsidies slowly evaporate, managing risks and securing revenue streams is becoming increasingly complex for investors. Pexapark is looking to address this helping companies transact PPAs and manage energy sales.
The thin film PV maker projects 5.4 to 5.6 GW of module shipments next year, more than double its current projected 2018 volumes of 2.6 to 2.7 GW.
SMA Solar technology AG has announced that around 425 full time jobs or 12.8% of its global workforce will be lost as part of its restructuring efforts. The PV inverter manufacturer will also discontinue operations in China, preferring to refocus its efforts on Germany.
Australia’s New South Wales Government has launched its ambitious pumped hydro roadmap designed to back the rising level of wind and solar in the energy mix. Meanwhile, the board of government-owned energy provider Snowy Hydro has given the green light to its landmark $4 billion pumped hydro expansion project, Snowy 2.0.
A new analysis by Credit Suisse forecasts that installed residential solar capacity in the United States could grow more than 3x to reach 41 GW by 2025, and shows that there is plenty of space on rooftops to do this.
The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
Politicians take note: “The energy transition is not a question of technical feasibility or economic viability, but one of political will.” Indeed, according to a new study, it is possible to rapidly transition to a Europe 100% powered by renewables and with zero greenhouse gas emissions. Solar PV leads the charge, followed by wind. Overall, eight policy recommendations have been laid out to achieve this bold goal by 2050.
During COP24, U.K. Energy Minister Claire Perry announced that her government will increase its efforts to help bring clean energy to Sub-Saharan Africa. A total of $126 million will be channeled via the REPP platform, which has already realized 18 projects with a considerable number of beneficiaries.
The government regulator for gas and electricity markets in the United Kingdom has released updated guidance clearing up the confusion surrounding the installation of storage at households exporting solar to the grid. More still needs to be done though, argues the Solar Trade Association.
NREL has proposed a new methodology for determining solar module degradation rates, taking into account measurement challenges such as sensor drift, inverter nuances, soiling and others – keeping the focus on the solar modules themselves.
The United Kingdom has announced £9.5 million (around US$12 million) in funding for the creation of a new research consortium and 12 projects to speed the uptake of smart energy systems.
PXiSE will deploy its Active Control Technology to manage up to 50,000 distributed energy resources across Horizon Power’s 2.3 million square kilometre network, which it says will enable higher levels of renewable energy.
Hydrogen holds promise for harnessing renewables to produce clean fuel for transport, growing a green energy-export industry, and overcoming seasonal intermittency challenges in the grid. On the road to viable hydrogen production every cost-efficiency measure counts.
The system turns light of white-glowing molten silicon into electricity using specialized PV cells. The researchers claim that the concept could store electricity at around half the costs of pumped hydro. A single system comprising two ten meter tanks could power 100,000 households.
In its Q3 2018 report, VDMA finds that German PV equipment providers are continuing to enjoy much improved fortunes compared to the previous year. Solar cell and thin film equipment suppliers account for the vast majority of bookings.
Australia-based perovskite solar cell specialist Greatcell Solar has failed to secure refinancing for its activities and has been forced to appoint administrators. The company lays the blame at the federal government’s door, pointing to the R&D rebate changes and policy settings that are unsupportive of renewable energy investment as the reasons behind its downfall.
Meyer Burger’s largest single shareholder has requested the company change strategy. Sentis Capital has urged the Swiss technology company’s board to raise sufficient capital for it to set up its own GW-sized production facility for its heterojunction and tandem cell PV technology. Meyer Burger has responded that it is view of only one shareholder.
According to EnergyTrend and PV Info Link, the downward spiral of prices along the PV value chain has come to a halt. Nonetheless, by bringing together the two pieces of recent market analysis, regional and value chain variations can be observed.
UNSW Sydney has partnered with Leadmicro to develop the next generation of PERC solar cells and fast-track their time to market. The Chinese PV production machinery manufacturer is donating $1 million Atomic Layer Deposition (ALD) reactor to UNSW to test and adapt a new process for PERC cell solar cell production.
U.S. Senator Chuck Schumer is calling for permanent tax credits for clean electricity, storage and EVs as part of a set of demands for the form of any new infrastructure package. What does this mean for solar?
Another German car manufacturer has announced ambitious electric vehicle plans. Daimler AG says it has invested €20 billion in the purchase of battery cells to further advance its electric fleet.
A new report published by Chatham House for the Moving Energy Initiative examines energy spending of humanitarian aid organizations. The authors claim that with modern clean energy systems the sector could save US$517 million per year on fuel costs, as hitherto the majority of refugee camps and other facilities are run on diesel gensets.
The World Bank and the Kenyan Government have announced a new strategy for attaining universal energy access for Kenyans by 2022. The plan underlines the importance of off-grid solar installations in reaching that goal. The investment opportunities for the coming five years are around US$14 billion.
A Wood Mackenzie report shows U.S. energy storage deployments tripling in capacity during Q3 ’18 versus last year’s volume, while noting that the future pipeline growth rate doubled versus prior quarters to reach 33 GW of future projects.
Independent, professional reporting on the latest technological trends and market developments worldwide. 12 issues per year including free worldwide delivery and access to our online archive.
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