Markets

Car industry copper demand to surge 250% due to EVs

By considering use of the metal in charging infrastructure, analyst Wood Mackenzie has found higher demand from the mobility sector than is the case if only the volume of the material required for vehicle construction is examined.

Deutsche Bank attempts to wind up Singyes Solar

The German lender has issued a winding up petition over a $6.27 million debt and could scupper the manufacturer’s plans to restructure its defaulted payments and be taken over by a Chinese state-backed entity.

New US study finds renewable energy storage costs need to drop 90%

Researchers in the US have published a study that brings 20 years of renewable energy (solar PV and/or wind plus storage) generation into line with historical energy-demand profiles, to ascertain at what storage cost point renewables can cost-effectively consistently meet 100% demand.

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Oman launches tender for 146 MW of solar-diesel-storage projects

The Rural Areas Electricity Company wants to build hybrid plants in 11 non-interconnected areas of the sultanate. The projects will have a total of 48 MW of solar power generation capacity and 70 MW of diesel and the storage component will have total installed power of 28 MW and a storage capacity of 14 MWh.

South Korea has added 1.64 GW of solar so far this year

This new development has brought the country’s cumulative installed solar capacity to more than 9.5 GW. Around 91.5% of the newly installed capacity is represented by PV systems below 1 MW in size.

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Residential storage in Europe to grow 500% by 2024

A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.

Tunisia announces grid-connection of its first solar park

The 10 MW facility is located in Tozeur, in southern Tunisia. The project was also financed by the German development bank KFW under Tunisia’s solar program Plan Solaire Tunisien (PST).

Winners, projects, prices of Portugal’s record PV auction

The Portuguese government has published the final results and a list of all projects selected in the procurement exercise. French IPP Akuo is the developer behind the record bid of €0.0147/kWh, which was for one of three projects it won in the auction. The second- and third-lowest winning bids were €0.01637/kWh and €0.0171/kWh, while the highest was €0.03116/kWh. Overall, the authorities allocated 1.15 GW of solar in the oversubscribed auction, down from initial plans for around 1.4 GW.

Daqo signs 112,800 MT polysilicon supply deal with Longi

Daqo New Energy has agreed to supply 112,800 MT of polysilicon to Longi Green Energy Technology. The two parties did not disclose the financial terms of the three-year deal.

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Risen Australia sells 120 MW of rooftop panels in one year

Chinese PV module maker Risen Energy says it has achieved its highest jump in solar module sales in the Australian market in a one-year period.

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