Falling battery costs to push solar, wind to 50% electricity generation by 2050, but electricity still failing CO₂ reduction targets – BNEF
Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.
German PV equipment providers report dropping order intake
German PV production equipment manufacturers are recording a decline in incoming orders. Thin film technology, meanwhile, is seeing significant market share increases.
Most EU countries fail to work towards climate goals – CAN Europe
According to a new report released by Climate Action Network (CAN) Europe, no single EU country is performing sufficiently in both showing ambition and making progress in reducing carbon emissions, thus casting a long shadow over the Paris Agreement objectives. Sweden is leading the charge in fighting climate change, followed by Portugal and France.
Lightsource BP completes first Indian solar project
Lightsource BP has announced the completion of its first solar project in India. The 60 MWp solar farm is located in Wagdari, Maharashtra.
Scatec, Equinor acquire 117 MW PV project in Argentina
The Guañizuil II A project was selected by Argentina’s government under phase two of the third round (Ronda 2) of the country’s renewable energy program, Renovar.
Global PV market to grow by another 621.7 GW by 2022, SolarPower Europe says
Global newly installed capacity for 2018 is forecast to reach 102.6 GW, of which “only” 39 GW are expected to come from China. Fourteen countries are expected to cross the GW threshold this year.
Spain: EPC contract signed for 300 MW subsidy-free PV plant
Greece-based Metka has signed an engineering, procurement and construction (EPC) contract for the development of the 300 MW Talasol solar PV farm, in Spain.
Innogy to develop 440 MW solar pipeline in the US southeast
German-based Innogy SE’s US subsidiary will gain exclusive rights for the acquisition of 13 solar PV projects currently owned by Birdseye Renewable Energy LLC. The projects have a cumulative capacity of 440MW and are at various stages of development.
Court strikes down Canadian solar makers’ attempt to stay solar tariffs
Three manufacturers with Canadian module assembly have had no luck in trying to get a preliminary injunction against the Section 201 tariffs.
Residential, commercial PV drives solar demand in Italy
Solar has covered 5.8% of Italy’s power demand so far this year. Newly installed PV capacity for the first four months of this year, meanwhile, has reached 116 MW, around 6.4% up from the same period in 2017.
