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.
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 24-day, digital 2020 Africa Energy Forum kicked off on October 20. The event brings together African energy sector officials to identify opportunities, air their views, form partnerships, and take the necessary steps to improve the industry. For solar, challenges in policy making, procurement processes and the effects of the Covid-19 pandemic were discussed, as well as emerging trends such as solar digitalization.
A new report by Auroville Consulting highlights gaps and challenges existing today in financing rooftop solar based on its evaluation of the implementation of international lines of credit at the state level (for Tamil Nadu), and the availability and accessibility of financial support.
Egyptian energy services company Elsewedy Electric T&D (EETD) recently secured a contract to build a 20 MWp PV plant and 35 MWh storage system in South Sudan.
The latest edition of the accountant’s renewables attractiveness index has placed the nation in top spot for photovoltaics, helping it to fourth spot for overall clean energy investment. Mexico has been hammered by the government’s attitude to clean power and France has also slipped, four places.
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.
The three solar parks are located across the Dutch provinces of Groningen and Drenthe.
The country’s third large-scale solar plant will be built near Durrës, a port city on the Adriatic Sea in western Albania.
The French company and its partners will build the PV project in Illoulofin, near the city of Pobè.
Analyst WoodMac says South Korea, Thailand and Vietnam will also join India and Australia next year, among the nations where clean energy projects are cheaper than new coal power plants.
Two 50 MW solar parks are planned to be built near N’Djamena, the country’s capital. These facilities will sell power to the national utility, SNE, at a price of €0.083/kW.
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.
Researchers in New Zealand have developed a new methodology for solar park planning that considers clear-sky radiation for voltage stability analysis. It is based on two different generation profiles for separate purposes.
According to a new report by BloombergNEF, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.
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.
The Italian energy business plans to spend €70 billion on clean energy this decade and also announced plans to invest in e-mobility and grid flexibility, in concert with outside investors.
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.
A group of German scientists has analyzed the possible trajectory of carbon nanotubes (CNTs) in photovoltaic research and industry and has suggested a roadmap to bring this technology closer to mass production. Despite a large number of challenges, the academics predicted a brilliant future for CNTs in PV applications, explaining that the barriers to their adoption are constantly being reduced.
Kibing Group and CECEP have announced plans to increase their PV glass and solar module capacities, respectively. China Energy Investment Corp is planning a 400 MW solar park in the Xinjiang Uygur autonomous region.
Australian power supplier Origin Energy is accelerating its transition to clean energy through large-scale storage projects and newly announced hydrogen plans.
Spanish storage specialist E22 is now working on its first project in Australia – a 5 MW/7.5 MW Li-ion battery in Victoria that will provide AusNet with network services during periods of summer congestion.
Developers dodged more onerous supply-chain and carbon-footprint commitments in the results of a recent consultation exercise announced by BEIS but appear set to lose all Contracts for Difference top-up payments during periods of negative electricity prices.
An extensive European Commission regulation has set the bar on those economic activities deemed to help in the war against global heating and, by implication, those which may hinder the effort.
The choice of battery storage technologies in support of solar energy supply is broadening to suit a variety of emerging applications. VSUN has just made its first power play for vanadium-redox-flow batteries in the off-grid residential market.
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