Markets & Policy
In highly regulated energy markets, policy decisions can make or break new technologies, strategies, and even entire industries.
Support from policymakers, in the form of procurement exercises, priority dispatch, tax incentives and a wealth of other instruments, has been vital to the global solar industry’s success, and new mechanisms to support growth in energy storage are an increasingly important part of the story today.
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Latest News
Strait and narrow
War in the Middle East and disruption to trade flows through the Strait of Hormuz have hit global energy markets hard, given the region’s importance to oil and gas exports. Fabian Skarboe Rønningen and Nishant Kumar of Rystad Energy examine ongoing impacts of the crisis on global energy import/export flows.
13 hours ago
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Enerparc’s sister company Pvwerk files for restructuring under self-administration
Enerparc sister company Pvwerk has filed for restructuring under self-administration, while continuing its business operations. The company aims to complete around 100 solar and battery storage projects commissioned by Enerparc that are currently under construction.
Colombia’s new government puts $1.35 billion solar program for low-income households under review
Colombia’s new energy minister has placed the Colombia Solar program under review, citing a lack of progress on a COP 4.2 trillion ($1.35 billion) agreement that currently has “zero connected users.” The review comes as Colombia and the United States deepen energy cooperation through new agreements on strategic minerals and civil nuclear technology.
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All Markets & Policy news
Despite hefty losses, Vivint Solar remains on track to double installed capacity in 2014
The Utah-based company booked some 62 MW in the quarter, up 206% year-over-year, and installed about 49 MW — an increase of 196% while its cumulative installed megawatts reached approximately 178 MW at the end of September.
Australia: attempts to cut Renewable Energy Target hit another barrier
The Australian Federal Government’s attempt to cut the country’s mandatory target for renewable energy (the RET) has hit another roadblock. The major opposition party, the Australian Labor Party, has walked away from the negotiating table, saying it cannot accept the “deep and devastating cut to the sector,” being proposed by the government.
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BNEF: global solar to grow to close to 60 GW in 2015
Bloomberg New Energy Finance (BNEF) has taken a bullish stance when making predictions for the 2015 solar market. It forecasts 58.3 GW to be installed in 2015, with lead analyst Jenny Chase saying the somewhat bullish figure is due to BNEF being, fed up of being wrong on the downside.
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