The Tesla chief laid down the gauntlet earlier this year, confidently tweeting that his team could have the world’s largest battery online within 100 days of signing the contract. The lithium-ion South Australia project was actually completed in 60 days.
The final deadline for President Trump to impose tariffs, quotas or other sanctions on solar imports will now be January 26, following a request by the U.S. Trade Representative for more information.
U.K. investment firm, Arjun Infrastructure Partners is expected to bring strategic support and access to capital to the UAE-based solar developer.
On the back of high solar PV installs, which will smash records this year at just under 100 GW, BNEF’s optimistic demand forecasts place growth at 111 GW in 2018, rising to 121 GW in 2019. It further sees a polysilicon factory boom, with production 10% up on 2017; and module prices dropping to as low as US$0.30/W for market leaders.
Under the new rules, which are expected to come into force in the first quarter of 2018, owners of residential and commercial PV systems will be allowed to sell excess power to the grid under a net metering mechanism.
Although the country’s new national energy independence strategy says wind will represent 65% of its total renewable energy share by 2050, the number of households that self-generate their power (predominantly from solar) is expected to increase from 34,000 in 2020, to 500,000 in 2030.
A report from the Paul Scherrer Institute forecasts a bright future for PV technology in the Alpine country. Solar may even be able to grow by 18 TWh over the next 30 years from just 1 TWh currently.
In the first ten months of 2017, new PV additions totaled 1,465 MW, which is almost the same amount of installed solar capacity installed in the same period of last year.
The Finnish power utility has agreed to acquire three solar facilities, commissioned between 2016 and 2017 and located in Russia, from local solar module maker Hevel.
Trina Solar may scrap planned Indian PV fab amid tumbling prices driven by solar auctions, reports Bloomberg New Energy Finance during its Shanghai summit. Demand for lithium, meanwhile, poised to reach record high on back of expected EV growth.
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