The development process for ground-mounted utility scale solar projects in Vietnam is laborious, time-consuming, expensive and still largely difficult to navigate for foreign developers without entering a strategic partnership, in whatever form, with a local Vietnamese counterpart.
Vietnam has now effectively overtaken Thailand as the largest solar market in Southeast Asia in terms of installed solar operational capacity, with more than 6,314 MW installed up to September 2020. Many hundreds of MWs of solar projects are also still under construction or development. However, its solar (and other renewable energy) M&A activity has developed very slowly to date. There are many reasons to expect that this is about to change, but before we examine them, let us review the main factors behind this sluggish tempo.
Focusing on the big picture is always challenging, particularly in light of the current all-consuming coronavirus pandemic. However, there are some key issues related to the U.K. solar sector, which will feature significantly on the domestic agenda in the months ahead.
The Vietnamese renewables industry has been flourishing lately. Taking the example of the solar sector, the installed capacity increased from barely 134 MW in 2018 up to 6,000 MW in 2020. Vietnam has definitely emerged as one of the most active countries in South-East Asia and with the merit of diversifying its energy mix. They added capacity not only in solar – utility scale, commercial & industrial (C&I) rooftop – but also onshore/nearshore wind, hydro and to some extent biomass energy projects. Vietnam has shown levels of dynamism which has attracted initial investor interest.
The pandemic and accidents at polysilicon labs in China’s Xinjiang region put PV manufacturers under pressure to maintain production this year, while slowing cell and module R&D. After half-cut and multi-busbar becomes commonplace, manufacturers will continue to explore the high-density assembly methods that emerged last year, as well as n-type cells. But the market is also shifting to large formats, and the share of bifacial products is growing this year. As sizing up modules can bring immediate returns, PV InfoLink’s Amy Fang expects the PV industry to prioritize the development of large formats and bifacial products next year.
Italy is in line for €11.4 billion if member states sign off an emergency funding package which will distribute funds based on the GDP and unemployment figures of their economies in June, July and August.
Solarpower Europe has called on member states to put solar and battery storage front and center when it comes to drawing up the Recovery and Resilience plans needed to secure a slice of the bloc’s proposed €672.5 billion post-Covid stimulus package.
The parliament and EU member states will now mull the proposed budget for 2021-27 which includes a €750 billion Covid recovery package and a Strategic Investment Facility it is hoped will unlock €150 billion for renewables and energy storage to 2027.
With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.
Shares in the Norwegian renewables company have been trading below the $26 price linked to a recent $527 million fundraising issuance which the developer launched to fund its planned acquisition of hydropower business SN Power.
Half of the EGP1.6 billion charge will be paid up front with the balance staggered over five years, pv magazine has learned.
The authorities in Flanders will grant maximum rebates of €1,500 per PV system to homeowners from Jan. 1. The scheme is expected to drive up solar installations by 1.5 GW by 2025.
Chinese giant has signed orders for more than 100,000 metric tons of poly to the end of 2023 in a further sign of confidence in the outlook for solar.
Allume Energy’s SolShare technology equitably spreads the solar love among residents of community housing and apartment buildings that can install PV on top. It has just achieved the certification that will let residents of “multi-family units” across America enjoy the benefits of renewable energy.
Guide to drawing up national green hydrogen strategies acknowledges the global hydrogen economy could fail to take shape if any of the world’s powers decide to stick with fossil fuels to gain a price advantage.
The investment underscores the critical role of software in driving the mainstream adoption of solar.
FRV Australia, a wholly owned subsidiary of Abdul Latif Jameel, is set to install 300 MW of solar in the Australian state of New South Wales.
Scientists in Russia have analyzed the most important technological advances achieved for solar water pumps over the past decades and have indicated the roadmap that future research should follow to expand their use and application.
The authorities in Himachal Pradesh have already identified a site for the solar plant. State-owned Satluz Jal Vidyut Nigam will develop the project.
The Jordanian government has announced more financial support for the rebate scheme for residential PV systems and solar thermal collectors.
The novel technique consists of a PVC pipe with 20 holes that is placed on the top of a PV module and is able to maintain a constant discharge of water. It was demonstrated on an experimental photovoltaic-thermal PV system in which the PV panel was not integrated with the solar collector but connected to it via pipes.
Work will proceed on a new electricity transmission line linking the Australian states of Victoria and New South Wales, under a joint funding agreement between the Victoria state government and the federal coalition.
Scientists in Germany investigated printing processes for perovskite solar cells, making some important conclusions for the development of inks suitable for the deposition of perovskite cell materials onto a substrate.
U.K. researchers have developed a way to optimize urban rooftop use with solar PV and agriculture.
Scientists in the United States demonstrated a lithium-air battery with improved energy and stability performance, thanks to the use of molybdenum triphosphide as a catalyst for both charge and discharge reactions.
Stanford scientists have used a robotic device with two nozzles to quickly produce thin films of perovskite. With these films, they have manufactured perovskite cells and modules with efficiencies of 18% and 15.5%, respectively. According to them, this technique may enable the production of perovskite modules at a cost of around $0.25 per square foot.
Scientists in the Netherlands are planning to build intelligent PV devices for energy and information applications. Their intention is to make this approach a new field of PV research, whose ultimate goal is enabling solar cells to communicate with each other and with other devices, ensuring that all the generated energy ends up exactly where it’s needed, especially in the urban environment.
Dutch materials specialist DSM launched a new polyolefin-based backsheet that is claimed to have outstanding UV and abrasion resistance as well as good moisture barrier and hydrolysis resistance.
Sino-Australian manufacturer Clenergy has unveiled a new mounting solution for PV panels installed in balconies. The structure is adjustable to different types of commonly-sized balconies with metal railings.
Mexican solar module manufacturer Solarever has switched on the production lines of its manufacturing facility in Tecomán, in the state of Colima.
U.K.-based energy company InterGen has received planning permission to deploy 320 MW/640 MWh of capacity at a logistics park near London. The storage complex is planned to provide fast-reacting power and system balancing with an initial, two-hour duration.
Big brands will have to put their money where there mouth is on carbon commitments, though, and the EU will have to put its shoulder to the wheel, particularly in respect of the commonly-heard call to dispense with red tape. The prize could be a call for 280 GW more renewables capacity by 2030.
Western Australian utility Horizon Power will build the nation’s first remote microgrid using renewable hydrogen generation at Denham, in the state’s northwest, having secured the support of the Australian Renewable Energy Agency (ARENA).
Low-cost batteries and novel perovskite materials are among the topics selected for joint research and development.
Australian power supplier Origin Energy is accelerating its transition to clean energy through large-scale storage projects and newly announced hydrogen plans.
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