Policy

As solar and wind power enter the post-subsidy era, the next few years will be critical for China’s energy transition with investors learning to navigate the uncertainties of market reforms. With the 14th five-year plan – touted as a watershed in China’s energy system development – in the works, a report has recommended clear targets for 2021-2025 in terms of solar and wind power deployment and a reduction of coal consumption.

Almost all of the energy supplied in the Buddhist kingdom of Bhutan comes from 1.67 GW of hydropower capacity but with a rising population and energy demand, and an expanding economy, the 12 GW of solar the International Renewable Energy Agency estimates the Himalayan nation could host might reduce the risk of climate change-related blackouts.

The debt-saddled Chinese PV developer hopes the holders of notes due to mature next month will be persuaded to hold off settlement for two years as it awaits a shareholder vote related to its latest proposed injection of public funds.

The Italia Solare Forum event held in Rome laid bare the difficulty of securing permits for large scale projects at national and regional levels. Fast-tracking the process for big solar parks appears necessary to get Italian PV back on track.

Huanghe Hydropower Development has started work on the first phase of a huge renewable energy project which will eventually feature 10 GW of solar generation capacity along with 5 GW of wind and 1 GW of concentrating solar power. Trina will supply 600 MW of modules to the first phase of the facility.

The nation has been plagued by extensive power outages again with debt-riddled utility Eskom blaming heavy summer floods for taking out extensive parts of its coal-fired power generation fleet.

The U.S. residential solar market – and 15 states – are at record highs according to analyst WoodMac’s ‘don’t call it a comeback’ Q3 report, driven by new market forces. The research firm held its 2019 U.S. solar forecast at 13 GW.

The China Photovoltaic Industry Association secretary-general has revealed the world’s biggest solar market is unlikely to add more than 30 GW of solar generation capacity this year after just 17.5 GW was installed to the end of October.

Described as “historic”, the draft outlines the future climate protection course of the European Union. Overall, the EU should become climate neutral by 2050, and trigger €1 trillion in investment. €100 billion is expected to be made available for the transition. This is to be formalized in a climate law in the coming months. Although solar was noticeably absent in the draft, plans have been detailed by SolarPower Europe as to how it could be included.

The Australian state of Tasmania has approached international investors to present its unique potential for the production of hydrogen from renewable sources, as it aims to position itself at the forefront of the nation’s green hydrogen push.