Markets & Policy

Catalan independence protests notwithstanding, the Spanish government’s Council of Ministers is today set to approve “three essential pillars” of its climate change policy: the preliminary draft of the Climate Change Law, the Integrated National Energy and Climate Plan 2021-2030 and the Fair Transition Strategy, to “allow Spain to have a stable, predictable and accurate framework for the decarbonization of its economy by 2050”. The measures, said president Pedro Sánchez, could generate 300,000 jobs.

Solarpower Europe has released its estimates for Europe’s installation figures in 2018. A reduction in system prices and a policy push boosted solar across the continent. And if the trade association’s CEO is to be believed, the newfound growth has just begun.

The Junelight Smart Battery lithium-ion product has been designed for homeowners and has a storage capacity of up to 19.8 kWh.

The thin film PV maker reported solid year-end 2018 results, with future bookings extending out four years and the fourth of five Series 6 factories already online.

That was the one of the main conclusions reached among 400 attendees at the Solar plants in Spain: development, financing and energy future conference, organized by Soltec and PV association UNEF in Madrid this week.

IHS Markit’s analysts have mapped out what they are keeping an eye out for in the year ahead. Aside from higher installation figures, the number-crunchers predict a continued battle for multi-function in the hard-fought inverter segment and a potential watershed year for utility-scale storage.

Details are few at this stage, with a site for the big project still to be selected, although the Bangladeshi government has confirmed the tariff for electricity produced by the plant will be $0.095/kWh.

The legislation would enshrine a customer’s right to generate and store electricity as well as to connect to the grid without undue burden and would provide freedom from discriminatory fees and set compensation for battery power exports.

Unimpressed by last year’s China policy-related shenanigans, the inverter maker continued to grow at a rapid pace as it acquired storage, uninterruptable power supply (UPS) and e-mobility related businesses. Its full-year results place SolarEdge in a good position going into a more promising year, with solar installations expected to hit double-digit growth figures in many markets and reach 120 GW globally.

The Italian PV market grew 7% last year with new capacity additions of 437 MW. Of that figure, only about 47 MW was for installations larger than 1 MW – a clear sign rooftop PV is still driving demand.