Markets

Reports of death of US nuclear and coal bailout may not be exaggerated

Rumors of a u-turn on energy policy in the White House have been substantiated by pv magazine’s enquiries, although the respite for renewables may prove temporary, thanks to another fossil fuel-friendly nomination by President Trump.

Chinese market turbulence affects another slew of PV employees in Taiwan

TSEC is planning to cut a fifth of its workforce as it changes focus to produce higher-efficiency PERC cells, against a backdrop of more generic products swamping the market because of a slowdown in the world’s biggest market.

‘There is no alternative to a world of 100% renewables’

Electrifying the global energy system with clean energy is the only way to reach the targets set by the Paris agreement on climate change and avoid the catastrophic scenarios outlined by the recent IPCC report. In an interview with pv magazine, Christian Breyer – Professor of Solar Economy at Finland’s Lappeenranta University of Technology – explains a 100% renewables model is not only technically feasible, but also the cheapest and safest option. With solar and storage at its core, the future energy system envisaged by Breyer and his team will not only stop coal, but also nuclear and fossil gas, while seeing solar reach a share of around 70% of power consumption by 2050. By that time, PV technology could cost a third of its current price.

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Ukraine’s Naftogaz begins investing in solar power

The nation’s oil and gas provider is building its first small-sized PV projects at facilities operated by Ukrtransgaz, the Ukrainian gas transport system.

Rural India offers a $50bn opportunity for clean energy innovations

The farming sector alone offers a potential $40bn marketplace, thanks to rice transplanting, pesticide spraying and grain harvesting – says the Council on Energy, Environment and Water thinktank.

EVs could become key to renewables uptake and world’s largest source of battery storage

For renewables to claim a more sizable share of the global energy mix, the adoption of energy storage would need to pick up pace and the rapidly increasing size of the EV fleet will offer a scalable way to ramp up such access, says Fitch Solutions.

Eguana Technologies recruits new executives

Mercedes Benz execs join Eguana Technologies to help drive Calgary-based business’ global expansion plans.

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ARENA backs corporate PPA platform aiming to drive 5 GW of Australian renewables

An AUS$500,000 capital injection from the arms-length, state-funded renewable energy organisation takes to $800,000 the amount of public money which will be donated to a $1.74m project designed to make procuring clean energy easier for business and local authorities.

Dutch battery maker signs agreement for €1.6bn Chinese gigafactory

Lithium Werks has ambitious plans for a global chain of utility-scale production lines that has secured the backing of the Netherlands government and PM Mark Rutte, as EU leaders contemplate a post-US trade future.

India added world’s second largest PV capacity in first half of 2018

The nation installed 4.9 GW of solar, surpassing the USA – which installed 4.7 GW – to become the second largest solar market in the first half of the year, second only to China’s 24.3 GW.

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