SMA Solar technology AG has announced that around 425 full time jobs or 12.8% of its global workforce will be lost as part of its restructuring efforts. The PV inverter manufacturer will also discontinue operations in China, preferring to refocus its efforts on Germany.
The U.K. Solar Trade Association has published a new assessment, finding that the cost of generating solar electricity in the British Isles has already fallen far below its earlier predictions, and could reach GBP 40 (US$50)/MWh by 2030.
Politicians take note: “The energy transition is not a question of technical feasibility or economic viability, but one of political will.” Indeed, according to a new study, it is possible to rapidly transition to a Europe 100% powered by renewables and with zero greenhouse gas emissions. Solar PV leads the charge, followed by wind. Overall, eight policy recommendations have been laid out to achieve this bold goal by 2050.
U.S. Senator Chuck Schumer is calling for permanent tax credits for clean electricity, storage and EVs as part of a set of demands for the form of any new infrastructure package. What does this mean for solar?
Australia-based perovskite solar cell specialist Greatcell Solar has failed to secure refinancing for its activities and has been forced to appoint administrators. The company lays the blame at the federal government’s door, pointing to the R&D rebate changes and policy settings that are unsupportive of renewable energy investment as the reasons behind its downfall.
Another German car manufacturer has announced ambitious electric vehicle plans. Daimler AG says it has invested €20 billion in the purchase of battery cells to further advance its electric fleet.
During COP24, U.K. Energy Minister Claire Perry announced that her government will increase its efforts to help bring clean energy to Sub-Saharan Africa. A total of $126 million will be channeled via the REPP platform, which has already realized 18 projects with a considerable number of beneficiaries.
The government regulator for gas and electricity markets in the United Kingdom has released updated guidance clearing up the confusion surrounding the installation of storage at households exporting solar to the grid. More still needs to be done though, argues the Solar Trade Association.
The Indian Government plans to tender 60 GW of solar and 20 GW of wind capacity by March 2020. This would complete the planned auctions for its targets of 100 GW solar and 60 GW wind installations by 2022, leaving two years for project execution, according to an year-end review by the Ministry of New and Renewable Energy (MNRE).
The Global Solar Council has released a 15 point plan, which is largely policy focussed, alleging that the industry has down its homework to slash the costs of solar. Now its policies turn to even the playing field. In a similar effort, the World Future Council has announced that it will launch a new platform for policymakers and the industry to enable an ongoing dialogue.
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