Markets

Chinese high-efficiency cell maker claims its 2 GW production line is churning out double-sided – front and rear passivated – PERC cells with an average efficiency of more than 22.19%, and has promised further process-driven cost reductions.

With COP24 climate change meeting looming, a German-led e-mobility and renewable energy alliance has signalled it is time for elected members to start delivering on carbon emission reductions before we pass the point of no return.

Only three bidders have come forward for huge manufacturing-linked solar and solar-wind hybrid procurement exercises. The separate auctions – originally intended to drive 12.5 GW of new generation and 5 GW of manufacturing capacity – prompted figures of just 3.05 GW and 600 MW, respectively.

The subsidy for solar schemes approved between 2012 and 2014, and that will be not completed by March, may be reduced to ¥21/kWh. The proposal is expected to affect projects with a combined capacity of more than 20 GW.

Only three consortia are now competing to build huge solar park: one formed by Masdar, Total and Jinko; another led by Saudi energy company ACWA; and a third group of companies led by Japan’s Marubeni Corporation and the Oman Gas Company (OGC). The tender is expected to be finalized early next year.

Two new reports from BloombergNEF recommend that the two northern European countries should implement policies to accelerate the adoption of energy storage and smart electric vehicle charging, while also improving demand response and interconnection to Nordic hydropower reservoirs. All of these actions are expected to further reduce fossil fuel dependence and add flexibility to their respective energy markets.

In its new strategic plan for the period 2019-2021, the Italian power utility announced it will invest an additional €10.6 billion in renewable energy projects. It aims to strenghten its position in the markets where it has an integrated presence such as Italy, Spain, Chile and Brazil.

Renewable energy industry bodies are hailing the U.K. Energy Minister’s comments today that power should not be provided to the country’s electricity grid for free. She was referring to the ongoing debate over whether or not to end solar export tariffs.

In the recently released World Energy Outlook, the International Energy Agency (IEA) foresees a steady decline in the global expansion of PV to 2035. In response, Dutch researcher Auke Hoekstra has updated his graphic, IEA versus reality in solar PV.

The French government has devised three possible scenarios for the planned phasing out of part of its nuclear power generation assets. Even under the most optimistic scenario, the target to reduce the share of nuclear power from around 75% to 50% by 2025, which had been set by the previous government, will only be reached in 2035. The most pessimistic scenario envisages the construction of four new nuclear reactors by 2040.