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.
The Ontario-based solar company will pay US$13 million to settle a class action filed in August 2010, after the Ontario Superior Court approved the offer.
The Netherlands has allegedly evaded anti-dumping and countervailing duties imposed on solar imports from China, Taiwan and Malaysia between May 2015 and March 2017, according to the European Commission. The Dutch government said the claims from Brussels are not justified.
The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.
The peak DC capacity of the project has been reduced, along with the size of the battery storage element of the facility.
The £12.7 million project will explore how to transport pure and blended hydrogen for use in heating and industrial purposes. Construction will start next year.
Saudi Arabia’s futuristic Neom City will not use the cheapest sources of renewable energy, but those with the best chances of being dispatched, due to the storage potential of concentrated solar power. But several issues must be addressed to make the tech viable.
TBEA New Energy’s new solar park relies on flexible mounting systems and large-gradient, large-span slope support technology.
A U.S.-Pakistan research group has created a new self-cleaning mechanism for standalone PV systems up to 5 kW in size. The system increases power yields by around 35%, while its payback period is estimated at around five years.
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.
The holy grail of energy storage has always been low-cost and long-duration. Form Energy plans to deploy a 1 MW/150 MWh system with a Minnesota utility before 2023 – an unprecedented energy storage duration, if successful.
Researchers in China are proposing a new technique to recover polyethylene glycol terephthalate (PET) and ethylene-vinyl acetate (EVA) in solar panels at the end of their lifecycle. The two materials represent around 15% of the total material in a wasted solar cell, with a share of 10% for EVA and 5% for PET, respectively.
In pv magazine’s second roundtable session, Advanced technologies, the U.S. storage market came under the spotlight – in particular, the lessons that can be learned from solar as the market moves towards greater maturity. Also under discussion was the trend among PV manufacturers to producing ever larger cells and modules in the continuous drive to bring down LCOE. But is big necessarily better?
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.
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.
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.
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.
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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