Highlights

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.

When the minister of environment and energy announced a ceiling tariff of €45/MWh, analysts speculated the price would be too low as it undercut average bidding prices in the region. Preliminary, unconfirmed results of the exercise show, however, companies are happy to bid for two-cent solar in Europe.

A report by Greenpeace has found in the five years since China announced the continent spanning ‘One Belt, One Road’ infrastructure plan, investment in Belt & Road countries has supported 12.6 GW of wind and solar power generation capacity. That compares with just 450 MW which came online in the territories before 2014. The initiative has also supported 68 GW of new coal capacity.

The Palo Alto company says it has improved its large scale battery offering with the new product in the wake of the success of its Powerpack-driven big battery in Australia. The Megapack can be deployed at a 250 MW/1 GWh clean energy plant four times faster than a fossil fuel alternative, claimed the business in a blogpost.