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.

Module degradation tests are essential not only for effective plant operations, but also to ensure an optimum ROI. However, fixed laboratories, where such tests are usually carried out, involve transportation issues, while it is not always economically feasible to send in mobile laboratories. So how can degradation in these instances be measured? Leonardo Enrique Pérez Abreu, Technical Manager of the Testing & Optimization department at Enertis discusses this issue.

World Overshoot Day marks the day the world has used up its annual budget of the resources it could have sustainably consumed. Despite efforts in relevant sectors, the date is creeping forward every year. Twenty years ago, it was in late September.

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.

A number of significant manufacturing and investment plans in China, Germany and North America by major automobile makers VW, Tesla and BYD are backing up predictions that electric vehicle car sales are set to skyrocket in the coming decades.

The European Commission has adopted a recommendation to promote the wider use of the euro in international energy agreements and transactions. The aim is to strengthen the role of the single currency on the international financial system.

A reduction of the feed-in tariff to ¥21/kWh (around US$0.19) for projects over 2 MW in size and approved between 2012 and 2014 will be applied starting from September 2019 and not from March, as originally planned. For approved projects with a capacity of less than 2 MW, however, no postponement has been granted.

India’s much-hyped first wind-solar hybrid auction found just two bidders, with 360 MW of the 1,200 MW finding no takers at all. This is the second time the Solar Energy Corporation of India (SECI) has held this auction, after the first round in May failed to attract bidders.

New Zealand will connect 3,000 home battery systems to the national grid to provide demand response services. The government has also set up a US$69 million finance company to accelerate investment in distributed energy generation and electric vehicles as part of its 2050 carbon neutral goals.

The large-scale power plant is being built by JCM Matswani Solar Corp Limited. A 20-year PPA has been signed with the Electricity Supply Corporation of Malawi Limited (ESCOM).

By setting a timeline for the inevitable decarbonization of its fleet, Xcel is moving to have an energy transition on its terms.

After months of preliminary work, the time has come: With its PV+home storage network, sonnen GmbH has received prequalification from TenneT to participate in Germany’s primary control energy market. While it is currently allowed to deliver 1 MW, the goal is to supply 100 MW.

Eliminating emissions from the air would increase solar radiation by an average of 11%, allowing solar cells to generate one tenth more electricity claim researchers in a new study. Focusing on China, they say an additional 85-158 TWh of electricity could be generated annually in 2040, if the air was clean.

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.

Scientists at Harvard University have developed a type of material that can be programmed to move in response to various stimuli, including light. One possible application, says the group, could be in solar panels with integrated microstructures that track the sun without any energy input.

The world’s first Zephyr Solar High Altitude Pseudo-Satellite operating base has been officially established in Western Australia’s far north. The unmanned aerial vehicle, running exclusively on solar power, will be operating out of Wyndham with the goal to provide observation and communications services to a range of customers.

Researchers in Spain have proposed a new standard for solar cell testing, which they say could enable more accurate determinations of a cell’s annual energy yield. Using machine learning, the method processes data sets consisting of thousands of solar spectra, creating representative examples which can then be used to predict average annual efficiency.

The European solar association has called on Europe to set up 5 GW of solar PV module manufacturing capacity to cater to the expected around 15 GW of annual demand.

Chinese solar manufacturer Seraphim has announced plans for a 500 MW cell factory in Port Elizabeth, South Africa. The company also plans to expand an existing 300 MW module factory in South Africa’s Eastern Cape region by 200 MW.

Researchers from Berlin’s College for Technology and Economics have determined a ‘system performance index’ for 16 residential storage systems. The index ranks systems according to economic efficiency. The compilers of the index say many manufacturers lack transparency regarding system performance.

A project backed by the European Union’s Horizon 2020 program says it has developed a self-cleaning coating for modules which is also anti reflective and weather resistant. The project – SolarSharc – expects to launch the product next year.

Agreement to wave requirement for chief shareholder FEFAM to conduct a full takeover paves way for shareholders to vote through a debt-for-equity swap that will reduce the historic battery maker’s debts by a reported 65% next Tuesday.

A new report analyzing the world’s largest lithium-ion battery’s performance in the first year of operation shows the Hornsdale Power Reserve has delivered on high expectations of its performance and market impact. It has helped stabilize the grid, avoid outages and reduce system costs, as well as triggered a surge in uptake of similar fast response systems across Australia.

ACT gas network operator Evoenergy and the Canberra Institute of Technology have partnered to build a first of its kind hydrogen test facility at CIT Fyshwick. The station will test up to 100% hydrogen in deployments in which natural gas is currently used.

The scheme will provide incentives for solar-plus-storage projects for self-consumption, as well as for projects for virtual power storage.

The manufacturer of C&I storage systems has been awarded funding from the EU’s SME funding scheme to enable mass production of its systems. The company’s production site could see an additional 60 employees added over the next 24 months.

The UK energy technology company said the new contract will provide 120 MW of solar generation through its Limejump Virtual Power Platform. The energy bought from NextEnergy Solar Fund will then be traded on the national grid.