If China could travel back to the 1960s with its current PV generation capacity it could harvest an additional 14 TWh of solar power, according to a study by academics at universities in Switzerland and the Netherlands. With a mixed record for reducing pollution, the country’s solar fleet output appears to be drastically affected by dimmed solar radiation.
In every corner of the globe, markets are experiencing an increasing need for capital to back renewable energy assets. Apart from conventional loans, bonds and equity schemes, Shariah-compliant financing instruments, such as Sukuk, serve as a catalyst for funding PV projects, Deloitte finds.
The second part of our hidden champions series head to Bangladesh, where rapid industrialization is driving increased electricity demand. Already a major off grid market, Bangladesh is seeing increasing interest from international investors and is taking the first steps toward realizing its formidable potential for large scale solar installations.
… and it will be quite an effort. The U.K.’s grid operator, National Grid, released a new report on possible energy system transformation pathways, amidst growing public concern over climate change. Ramping carbon emissions reduction targets up from 80% to 100% prompts technical challenges. These can be overcome but will require full alignment of policy effort and individual awareness and decision making.
In the first part of pv magazine‘s series on solar’s hidden champion markets, we take a look at Mexico. The country currently has 4 GW of total installed PV capacity, and overtook Chile as Latin America’s largest solar market by the end of 2018. But the cancellation of auctions and other negative signals from government could put a damper on things moving forward.
Scatec Solar moved into the Malaysian Solar market in late-2016. The company sealed financing for 197 MW of capacity with the help of the country’s green bonds, the year after. Malaysia is continuing on its solar trajectory and will hold the third iteration of its tenders for the allocation of an addition 500 MW in generation capacity.
Despite a demanding ceiling price of €45/MWh the tender has received applications for projects with seven times the generation capacity it will allocate.
Another 35 places of worship will be geared with rooftop PV. Part of the funding for the projects is being provided by the Jordan Renewable Energy and Energy Efficiency Fund. So far around 500 mosques have been equipped through the program,
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