Markets

On September 21, the Communist Party of China’s anti-graft body said in a statement that it is investigating the head of the country’s energy agency for “serious” disciplinary violations. While some believe the investigation will not change the country’s PV industry, others fear it could hamper crucial programs.

At first glance, the European PV conference this week has confirmed the widespread view that the upswing of monocrystalline technology will accelerate. But a closer look reveals that multicrystalline solar cells are still in the game.

The new funds will come from Brazilian development bank, BNDES and will help small businesses, individuals and communities to implement commercial solar PV and wind power projects. Financing will be granted to projects using equipment that complies with local content requirements.

The U.K. government has cold-shouldered PV with a row of disfavourable policies, which have put at risk the financial viability of new arrays. In the past few last years, the market has remained almost flat, with installations sitting at around 200 MW per year.

Citing the market downturn in China, which has resulted in “enormous excess capacity”, rapidly declining prices and postponed projects, SMA Technology AG has lowered its 2018 sales and earning guidance, and expects a break-even or negative EBITDA. It has also announced structural changes.

By analyzing satellite imagery, research group, Coalswarm has found that coal-fired power stations in China totaling 259 GW, which were supposed to have been scrapped, are being built. When fully commissioned, they will reportedly represent the equivalent of total coal-fired capacity in the United States. Not only does this news go against China’s current push into renewables, but also raises serious air pollution concerns at a time when levels should be decreasing.

In a meeting with domestic energy associations, the Italian government has confirmed the general thrust of the draft decree for solar and renewable energies. It has also proposed changes favorable for PV linked to projects for asbestos removal and the rehabilitation of polluted or soil-degraded areas for large-scale projects selected in upcoming RE auctions. Alberto Pinori, president of Italy’s renewable energy association, Anie Rinnovabili, has praised the government’s new attitude and its agencies. He further stressed the importance of the obligation of only using new components for renewable projects, solar included, which will likely be included in the decree.

The Accelerating Battery Storage for Development program is intended to leverage US$4 billion in new investments, and to support projects for utility-scale solar parks with battery storage, off-grid systems, including mini-grids, and stand-alone batteries.

DNV GL has issued its annual Energy Transition Outlook. It reports that global electricity demand is set to grow by a factor of 2.5. Over half of this demand is expected to be met with renewable energy by 2050, while storage will play a key role. It adds that grid infrastructure expenditures are less related to variable renewable energy assets than to increasing energy demand. In the current scenario, meanwhile, global warming is likely to reach 2.6°C.

German suppliers may still play a central role in providing residential storage systems, however the increasing number of Asian manufacturers on the European market is undeniable. Particularly in the U.K. and Italy, they have captured the lion’s share of sales.