Solar to lead global renewables growth for next five years — KPMG
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
Germany’s auction for large-scale solar: Bids below €0.04/kWh for the first time
Price drop continued in the first round of the 2018 tender series. The final average price of solar bids was €0.0433/kWh, a value which is quite below that of the tenders for wind power.
Italy installed 409 MW of new PV in 2017
Last year’s figures, however, still do not include new capacity coming from the revamping and repowering business. For 2018, local renewable energy association, ANIE Rinnovabili expects growth to be stronger.
Ukraine added 211 MW of solar in 2017
The country’s cumulative installed solar power has reached 741 MW, while rooftop PV under net metering has topped 37 MW. Over 500 MW of new PV additions are expected in 2018.
US imports of Chinese solar climbed sharply in Q4
1,200%. According to Bloomberg New Energy Finance, that’s how high imports of Chinese modules rose in the fourth quarter last year, in a desperate attempt to stockpile sufficient numbers before tariffs choked off international supplies.
The future looks bright for solar energy development in Mexico
Mexico is set to become the largest solar PV market in Latin America, with around 2 GW of installs expected annually. Political and regulatory uncertainty do not appear to be affecting investor interest, with more opportunities than challenges present. pv magazine attended GTM Research’s Solar Summit Mexico last week to report on the latest developments in the Mexican market.
Vattenfall signs 3 PPAs for 38 MW of PV in the Netherlands
The Swedish power company has signed three private power purchase agreements (PPAs) for solar PV power plants totaling 38 MW in the city of Uden.
Indian government makes surprising u-turn on electric vehicle policy
Minister for road transport, Nitin Gadkari drops plans to introduce national policy to support growth of electric vehicles in surprising reversal on earlier ambitions.
Chinese companies lead global solar developer rankings
State Power Investment Corporation (SPIC) and GCL New Energy have taken the top spots for installed capacity, but Canadian Solar and First Solar are showing impressive pipelines.
AECEA: Solar to overtake wind in China
A new report from the Asia Europe Clean Energy Associates (AECEA) expects solar to overtake wind energy in 2018 as China’s third largest source of power generation. AECEA is calling 2018 a ‘transition year’ for PV in China, as new regulations reshape the market, which is still expected to reach 250 GW installed capacity by the end of 2020.
