REC to enter African solar market amid 100 GW predictions
REC will enter solar markets in East and South Africa this year on the back of its expectations that 100 GW of solar PV will be installed there by 2030. As an initial step, three offices will be opened, most likely in Ghana, Kenya and South Africa.
Interview: Behind the New Energy Outlook 2015
Yesterday, Bloomberg New Energy Finance released its 2015 New Energy Outlook. In it solar PV was seen as a leading energy source for the future, however the pace of renewable energy deployment and the continuation of large coal-fired fleets over the next 25 years is sure to disappoint some. Jenny Chase is the head of solar analysis at BNEF and she spoke with pv magazine.
Honduras, Central America delivering demand to Yingli
Chinas Yingli will supply developer Sybac Solar with 40 MW of solar modules for two PV power plant projects in Honduras. This latest supply deal is the latest of a number that Yingli is delivering in the region, totaling around 100 MW.
BNEF: solar likely largest energy investment target 2015 2040
Solar will attract funding of around US$3.7 trillion of over the next 25 years, becoming the largest energy segment in terms of new investment. This is the key finding from Bloomberg New Energy Finance in its New Energy Outlook 2015 (NEO), published today, which estimates solar will generate 14% of the earths electricity by 2040.
Oxis to roll out Li-S energy storage batteries next year
Oxis Energy is gearing up to sell its energy storage batteries in 2016. The lithium sulfur (Li-S) battery developer, which unveiled a solar storage technology demonstration project in early June with Proinso, predicts a battery price of $250/kWh in 2020.
Leading German solar players call for end to minimum price
Wacker, Baywa r.e. and MVV, three major German companies in the energy sector, have called for an end to the minimum price regime applied to Chinese modules. The companies claim the minimum price regulation is standing in the way of German market growth.
Greece turns to lignite
Greece’s electricity market operator LAGIE published this week the country’s latest renewable energy statistics concerning the first four months of 2015. According to LAGIE’s report, Greece installed 7 MW of new photovoltaics from January to April. Specifically, all new installations were added in January and February, while in March and April there was no installation activity at all.
Mercom tips 2016 global PV market to reach 57.4 GW
2015 looks set to be another year of growth for the global solar market with new installations set to reach 57.4 GW. Mercom Capital delivered the prediction its Global Solar Forecast, published this week.
juwi Group's Asian footprint climbs past 400 MW
Indian subsidiary of the German renewables company begins construction on a 39 MW PV plant in Southern India, which will increase its Asian solar portfolio to more than 400 MW.
SunShare unveils community solar program for Minnesota
The residential community scheme aims to bring solar power to 5,000 homes by December, and is one of the largest such programs in the U.S.
