Toshiba Corporation has today said it will abandon plans to build a 3.4 GW nuclear power plant in the United Kingdom. Despite this, the government says it remains committed to its new nuclear path; others say the news leaves room for further renewables development. New statistics, also out today, show the U.K. renewables industry flourishing.
The leading trio – China, the United States and India – will comprise 70% of the projected 552 GW of solar capacity, which will be added between end-2017 and 2027, finds Fitch Solutions, which has revised down its original forecast for solar capacity growth in China. The curbed growth in China, due to subsidy cuts and restricted access to the United States and India, is expected to squeeze domestic solar equipment manufacturers, but also lead to access to cheaper solar panels in other smaller markets.
The new Democratic majority in the U.S. House of Representatives will still need to deal with a Republican Senate and president, and is unlikely to take bold action.
A day after signing a 300 MW production capacity deal with the building materials company, the German company has announced exactly the same order – with the same customer – for a facility elsewhere in China.
The first annual Battery Performance Scorecard has turned up interesting findings, including the fact high temperatures can help or hinder power output – depending on the product, and seemingly in equal measure.
Developers gave short shrift to warnings about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but shied away from tough price caps set for the Solar Energy Corporation of India’s procurement exercises.
In addition to solar subsidy cutbacks of around 20%, planned for the start of 2019, the German Federal Ministry of Economics’ draft Energy Sources Act includes special tenders for PV and onshore wind. While many say the cuts cause great uncertainty for large-scale project developers, politician Peter Altmaier sees it differently: the energy transition is becoming safer and more affordable, he says. The decision to adopt or change the act now lies with the Federal Parliament.
The rise of batteries will attract that headline figure in investment up to 2040, say analysts, as exponential growth in EV ownership, falling stationery system costs and the needs of the world’s grid-poor regions combine to boost lithium-ion technology.
A report published today by U.K.-headquartered energy company Drax says that, for the first time ever, total generation capacity available from renewables has overtaken that of fossil fuels on Britain’s electric grid.
BYD’s electric bus business is growing at an healthy rate. Geely’s EVs lag their more traditional counterparts – but are gaining ground.
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