The race to electrify passenger cars is picking up pace, writes Prachi Mehta, senior research analyst for Wood Mackenzie. Competition among leading EV automakers is fierce, as 2024 looms as a watershed year when auto battery-pack prices cross a key consumer threshold.
Project finance for infrastructure in emerging economies is one of the central issues of the upcoming COP26 agenda. For the Emerging Africa Infrastructure Fund (EAIF) and its parent organization, the Private Infrastructure Development Group (PIDG), the event is likely to bring considerable global focus on what it does and how it does it. In the following Op-ed Martijn Proos from Ninety One, the EAIF’s managers, discusses the role of EAIF and how it is helping to fund new renewable energy capacity across Africa.
China’s battery manufacturing industry is growing robustly in line with the rapid expansion of the electric vehicle market. The stationary storage sector currently lags behind developments in leading markets such as the United States and Europe, but strong growth is expected between now and 2030, driven by supportive policies. Fang-Wei Yuan, a senior analyst at InfoLink, examines the latest developments in China’s energy storage industry and looks at the announcements and product launches made at the Shanghai SNEC exhibition back in June.
Multiple drivers are combining to allow battery capacity in electric vehicles to be used as a grid asset through vehicle-to-grid technology, writes George Hilton, senior analyst for energy storage at IHS Markit. Vehicle-to-grid tech could offer low-cost energy storage at a huge scale, but there are many barriers to overcome.
The sky is the limit. Fortunately, this expression does not apply to current prices for PV panels, which have recently declined, following a continuous rise since the beginning of the year. Whether this situation holds, or whether prices drop further in the coming months is hard to say at the moment, writes Martin Schachinger of pvXchange. Polysilicon prices and thus wafer and cell prices could be in for a slight decline. However, a decisive movement in module prices in general is unlikely before the fourth quarter.
The Gaza Strip, one of the most densely populated areas in the world, is embracing solar energy as a reliable local energy source. However, its 2 million residents still only have access to electricity for just a few hours per day. Amjad Khashmann reports on damages to installed PV systems and the urgent need for new installations to support education, water, and health care.
Every year, the SNEC PV Power Expo marks a turning point in the direction of solar market trends, and 2021 was no exception. Corrine Lin, chief analyst at PV InfoLink, was at the show to soak up the latest trends at one of the first big events to go ahead since early 2020.
Korean solar manufacturer Hanwha Q Cells has told pv magazine a Dutch court which gave it permission to seize a shipment of solar products made by Chinese rival Longi Solar at the warehouse of a storage keeper last month, has confirmed Longi can reclaim the PV products upon proof they will not be distributed in European markets where a Hanwha technology patent applies.
In June, solar stocks underperformed, writes Jesse Pichel of ROTH Capital Partners. The U.S. residential market retains a positive outlook, though rising prices and forced labor concerns represent significant challenges.