Underlining India’s commitment to becoming the global renewable energy leader, Shri Anand Kumar, Secretary of India’s Ministry of New and Renewable Energy, said the country plans 500 GW of capacity by 2030. He also underlined India’s plans for becoming a solar and storage manufacturing hub; and said the International Solar Alliance needs to widen its membership.
The utilization rate of materials and energy in Nexwafe’s kerfless wafer production processes is said to be almost 100%, at a time when price pressures on solar modules are expected to get significantly heavier in the immediate future.
The 2018 Smarter E event, of which Intersolar Europe is now a part, opened its doors today in Munich, Germany, with positive news that visitor numbers are up. From the conference sessions, the big topics were PPAs and unsubsidized solar. Meanwhile, the Indian Government made some interesting announcements, and kerfless solar is on track to become the next disruptive technology.
Enerray talks to pv magazine about why it has set its sights on the MENAT region. In addition to the many challenges its nascent solar industry presents, there are a host of opportunities ripe for the picking.
Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.
The Sequoia Economic Infrastructure Income Fund has extended a loan to ReneSola Ltd to €36 million for the implementation of 55 MW of solar PV projects in Poland.
Solaria Energía y Medio Ambiente, S. A. has announced a global solar PV project pipeline of 2.3 GW, 1.3 GW of which will be deployed in Spain. Construction work is set to begin this year.
Global solar PV demand this year will be less than in 2017, on the back of China’s latest policy decision, says TrendForce. Overall, it sees new installs dropping 40% in China to 31.6 GW. The protectionist measures taken by the U.S. will also be weakened by the resulting falling module prices.
According to Mercom India, the Indian solar PV industry has recorded its strongest quarter since the launch of the National Solar Mission. In addition to declining module prices, both rooftop and utility-scale installations saw strong growth. Clarity is needed, however, on the ongoing safeguard duty saga, to drive the industry forward.
Trina Solar Limited and China Singyes Solar Technologies Holdings Limited have been awarded a 250 MW solar PV project under China’s Top Runner program.
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