Researchers in Italy extensively analyzed four different configurations of their proposed system to assess its potential, including under non-optimal, ‘off-design’ conditions and concluded that, for now, subsidies would still be required for the commercial production of synthetic natural gas.
Xinyi Solar reported record profits earlier this month, not surprisingly prompting bullish talk of extending its plans to expand production capacity this year and next. However, with PV demand in Europe key to its returns, the company has accepted the coronavirus epidemic may have an impact this year.
A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.
Chinese-Canadian module manufacturer Canadian Solar and Italy’s Manni Energy have sold five PV plants with a total generation capacity of 17 MW to Dutch independent power producer Sonnedix. The Sicilian projects are among Italy’s first operational unsubsidized PV facilities.
The airline industry has been among the hardest hit by the Covid-19 pandemic; carriers are in ‘freefall’ as Glen Peters, research director at the Center for International Climate and Environment Research in Oslo recently wrote, with governments mulling stimulus packages for airline bailouts. How we react to the coronavirus outbreak is crucial for society as a whole and the solar and energy storage industries can lead the charge in rewriting the status quo.
Despite the country’s difficult struggle with the COVID-19 outbreak, the Italian solar market is sending some encouraging signs. Italian lender Intesa San Paolo has awarded a €55 million credit facility to Canadian Solar for a portfolio of 12 unsubsidized solar projects.
An Italian startup has developed a luminescent solar concentrator technology that can be integrated with active architectural elements and windows. The technology is based on nanoparticles known as chromophores, which decouple the absorption and light-emission processes, thanks to appropriate engineering. The company claims it has achieved a conversion efficiency of up to 3.2%, with a degree of transparency in the visible spectrum of around 80%.
Rebates are being offered to homeowners and businesses willing to couple small solar systems with energy storage.
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