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The weekend read: The recent evolution of solar PV energy costs

Forecasts for the levelized cost of electricity (LCOE) of solar PV were hotly contested over the past decade, with one trend predominating: All but the most optimistic outlooks were wrong. pv magazine has gathered data to showcase the recent evolution of solar PV energy costs, and the results are stark. Within just a few years, initial projections become outdated, which means that forecasts of solar PV prices are more art than science.

UK added 545 MW of solar last year to hit 13.9 GW

The news comes on the day a private equity investor in the English North East announced plans to jointly develop a 1.4 GWp solar portfolio with Canadian Solar.

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Jenny Chase predicts up to 194 GW of solar this year

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

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Module Price Index: 2020 – Taking the time to say ‘thanks’…

Alongside all of the problems, 2020 has brought us a few promising solar module manufacturer initiatives and developments. Martin Schachinger of pvXchange.com looks back over the second half of the year and offers a quick look at what could be in store for 2021.

IFC says green recovery could drive $2.5tn renewables market this decade

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

EU cash will fund solar lights for fishers

Pending final closing, the Electrification Financing Initiative has announced it is considering private equity investments of €1.5 million to two French firms operating in Benin, Togo, Burkina Faso and Senegal, and $1.5 million to a Tanzanian business operating in Tanzania and Uganda.

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Guggenheim Solar Index: More to come in ‘21

With the wholesale transformation of the power industry from the inside out and other energy transition mega-trends, capital will continue to flow into renewables from ESG, energy funds, and retail, writes ROTH Capital Analyst Jesse Pichel. Look for a greater mix of unsubsidized economic solar projects to support improving revenue visibility, increasing earnings quality, and multiple expansions.

The case for floating PV on hydroelectric facilities

A study has analyzed the technical and financial feasibility of floating solar at hydro power plants. The report concludes floating PV reduces evaporation from hydropower reservoirs and the water saved can be used to generate more electricity.

Peeking into 2021: Green bonds to reach US$500 billion per year, solar on track to outrank oil and gas

Global management consulting firm PricewaterhouseCoopers has issued a general economic prediction for 2021. Aside from some general notes on GDP recovery post-Covid, the analysts’ notes were heavily focussed on climate and energy finance and policy.

Bangladesh mandates 2% of loans issued must be for green projects

Some 15% of the finance disbursed must fit the wider definition of being ‘sustainable’ and banks and other lenders have been warned penalties will be applied for non compliance.

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