Markets

The island of Bali could produce as much as 115,371.9 GWh of electricity per year — far above its projected requirement of just 4,992.7 GWh per year by 2019 — and solar offers the greatest potential for future development, according to a new report by the Asian Development Bank (ADB).

The Foresight Solar Fund, an investment group with a 470 MW portfolio of solar projects in the UK, published financial reports for the first half of 2016 this week. Reporting after tax profits of GBP 11.5 million ($15 million) for the period up to 30th June, the group also announced plans to expand and acquire projects in new markets outside of the UK.

The Rocky Mountain Institute’s new report Positive Disruption describes pathways for the global economy to mitigate serious global warming through accelerated adoption of renewable energy, the transformation of our energy and transportation system, and improved management of agriculture, forestry, and other land-uses. Staying below two degrees Celsius of warming is not just possible the report argues but practical given the accelerating declines in the cost of renewable energy.

Only a month after signing a deal with Tesla for the world’s largest lithium-ion storage project, the South Australian government has inked a generation project agreement with U.S. firm Solar Reserve for a massive solar thermal plant project, touted as the world’s biggest.

As revealed in testimony against proposed trade action yesterday, the U.S. International Trade Commission’s Section 201 investigation is already having effects.

The new PV capacity will be part of a plan to add 1.5 GW of new generation capacity and to address the state of emergency of the country’s electricity system.

A bipartisan group of congressmen cite the possibility of devastating job losses as a reason to reject the Suniva/SolarWorld Section 201 trade case, one day before the commission hears testimony.

If built, the solar facility would be the country’s first large-scale PV power plant and would contribute to 13% of its maximum system demand.

First Solar has agreed to supply 241 MW (DC) of its thin-film PV modules to Sydney-based EPC contractor RCR Tomlinson for Edify Energy’s 180.7 MW Daydream and 60.2 MW Hayman solar projects in the Australian state of Queensland.

Having closed an exclusive partnership agreement with Arevo Enerji Sanayi Ve Ticaret AS to distribute its modules for solar projects in Turkey, Spanish PV manufacturer Tamesol has managed to get a grip on the Turkish market, known for its strict limits on imports of solar modules.