BNEF: Coal to fade as cost of renewables falls even faster
The latest long-term forecast from analysts Bloomberg New Energy Finance (BNEF) predicts solar energy costs to drop a further 66% by 2040, and onshore wind by 47%. Given these predictions, BNEF expect that renewables will undercut the majority of fossil based generation by 2030, even in India and China.
Solar leads the way in record-breaking renewable capacity additions, REN21 report says
With 161 GW installed, last year was a record 12 months for global renewable additions, finds the annual overview of the state of renewable energy drafted by REN21. Solar PV accounted for around 47% of the capacity added.
U.S. energy storage market grows nearly 10-fold by MWh during Q1
A surge in California’s market driven by the Aliso Canyon gas leak is behind much of the boom, as deployment shifts to longer-duration energy storage.
E.ON completes 10 MW energy storage system in Arizona
The Iron Horse project is paired with a 2 MW solar array and will provide frequency regulation as well as voltage control support.
APVIA sees steady Q1 growth in Asian PV
The expansion of the Asian solar market in the first quarter of 2017 was broadly similar to the growth seen in the first quarter of last year, although most countries in the region have yet to reveal official installation statistics for the January-March period, the Asian Photovoltaic Industry Association (APVIA) said in a new report.
Leclanché reports fire at headquarters in Switzerland
After two hours the fire was extinguished. The fire accident was caused by a storage system provided by a third-party battery system.
Itochu launches residential lithium-ion battery in Japan
The Japanese trading firm has started selling its new Smart Star L lithium-ion storage battery system for the Japanese residential PV market. It has designed the system in cooperation with Yokohama-based manufacturer NF Corp.
Mercedez Benz enters U.S. battery market with Vivint partnership
The German manufacturer, in partnership with the No. 2 residential solar installer in the United States, will bring customizable home energy storage systems to the United States.
Solar to attract more investment than coal, gas and nuclear combined this year, says Frost & Sullivan
Analysts expect global renewable power investment to reach $243bn this year, with solar PV the fastest-growing segment and non-hydro renewables to account for 65% of all global power investment by 2020.
May we take your order? Tesla accepts requests for its Solar Roof
Yesterday, the energy and automobile giant rolled the dice on its biggest gamble yet, giving U.S. homeowners the opportunity to reserve its new roofing product for a down payment of $1,000.
