The Chinese thin film giant has transformed itself into a solar manufacturing equipment supplier and is set to expand a strategy which sees affiliates help fund industrial parks which then generate orders for its thin film production lines.
TrendForce says the country deployed more than 1 GW of new PV for the first time last year, and predicts this year may see as much as 1.5 GW of new solar capacity. The nation’s cumulative capacity reached 2,618 MW at the end of last year, according to the International Renewable Energy Agency.
The nation had a record year for solar energy development. Most of last year’s new additions – 320 MW – came through a FIT scheme but a further 90 MW was represented by net metered installations. Hungary’s cumulative installed PV capacity reached around 700 MW in 2018.
After issuing its first call for renewable energy projects in February, power company HEP has now announced it will invest $23 million annually in solar until 2023, to add new capacity additions of 20 MW per year. The 350 MW plan is expected to be complete in 2030.
Solar and wind could account for three-fifths of electricity generation in 2050, with more than 14.5 TW of installed power. Lumped together, renewables are expected to reach a power generation capacity of around 20 TW.
The transition for utility scale storage from offering short duration, high value grid services to the world of long duration energy peaking could spell the end of fossil fuel backup generation within five years.
In the latest tariff spat to afflict the solar world, India’s Directorate General of Trade Remedies will investigate a claim steel products coated with aluminum and zinc are being dumped by Far Eastern manufacturers.
Tuscia, in the Lazio region, is the focus of plans for several big solar parks including a 150 MW project approved by the regional government, two schemes exceeding 100 MW and six more projects ranging in size from 17 to 70 MW. Some 700 MW of solar is under development in the municipalities of Montalto di Castro and Tuscania alone.
The provisions allow self-consumption for communities and industrial areas; reduce administrative procedures – especially for small self-consumers; and establish a simplified mechanism for the compensation of self-produced excess energy.
The nation has plans for two ambitious renewable energy tenders but the procurement process is dragging and Lebanese institutions lack experience in designing such schemes. A solution will be provided by Europe.
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