Highlights

According to a new report by BNP Paribas Asset Management, renewables offer more advantages than simply mitigating climate change. Electricity is easier to transport than oil, and wind and solar electricity prices are much more stable than volatile oil prices. An analyst from the French bank argues that major producers will need to reduce oil prices below $20 to compete with clean energy in the transport sector.

First Solar has reported the largest quarterly production run and shipment volume in its history, and more than 2 GW of bookings in July alone. And with more factories underway, the thin film PV maker is just getting started.

French floating PV specialist Ciel&Terre is teaming up with SCG, an Asian petrochemical company, to develop floating solar plants at hydroelectric dams in Thailand.

The Shapoorji Pallonji Group’s solar EPC business will hit the capital markets with an initial public offering on Aug. 6.

The pitfalls of riding the ‘solar coaster,’ with boom-and-bust cycles dictated by government policies, are well known. Given this, it should come as little surprise that subsidy-free PV in Europe is a theme for which there is a particular appetite. The Future PV Roundtable and The smarter E Europe 2019 event tackled this theme. The first part of the event focused on the utility scale, and the following are some of the key takeaways.

With Singyes having already announced a plan to receive a cash injection and restructure its debt, fellow Hong Kong listed solar developer Panda Green today announced plans for a Beijing coal power company to ride to its rescue.

Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.

The U.S. National Renewable Energy Laboratory reports further progress in bringing down the cost of III-V solar cells. Scientists have refined their ‘brand new, 50-year-old’ D-HVPE technology to speed up the production rate for gallium arsenide solar cells by a factor of more than 20. The development is a potential step toward making incredibly efficient solar cells cost effective for everyday purposes.

The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.

The stunning low tariff is a third world record in five weeks. Solar prices continue to tumble and with a Saudi auction concluding tomorrow, the Iberian benchmark could be short-lived. The official result of the Portuguese tender will be announced August 10.