The impressive growth is unlikely to replace coal-fired power generation as it will only be sufficient to cover predicted demand for electricity. The electrification of heating, manufacturing and transportation offer room for further development.
Italy’s main solar event, held in Rimini last week, saw an increasing number of visitors this year. The Italian solar market, however, has not come through on its capacity expansion promises, due to lower than expected development in the PPA segment for large-scale solar; although the upcoming renewables decree, expected to be issued by the end of this year, may spur development through a series of auctions and tenders. Residential and commercial PV continue to sustain the country’s solar growth.
In what it touts as one of the largest green bond transactions issued by a U.S. utility, Duke Energy Carolinas has issued bonds to further renewable energy development.
Even in its low ball scenario, the International Energy Agency (IEA) imagines that installed solar PV capacity will overtake that of all other forms of energy apart from gas by 2040. Overall, it presents four scenarios in its 2018 World Energy Outlook, which show a changing energy landscape. While it finds that CO2 levels are, perversely, on the rise, and that many energy efforts in all but the most whimsical of its forecasts are far behind those needed to seriously address global warming, it still imagines coal, oil and gas playing a leading role in our energy mix going forward. It also sees “dramatic” transformation in the electricity sector. Long story short: Read something else if you want to take real climate action. We suggest The Drawdown.
The new rules will enable the microgeneration from solar power generators up to 300 kW for residential users, and 500 kW for industrial users.
The tender concluded with a final price ranging between DKK 0.1000 (US$0.15) to DKK 0.1490 (0.22) per kWh. Overall, nineteen 1 MW projects from eight different bidders were selected.
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