Japan

A Teikoku Databank report says as many as 95 solar companies went bankrupt last year – seven more than in 2017. The company warns the negative trend that began in 2016 may escalate as FIT reductions for large-scale solar come into effect.

The warning was made by the nation’s Consumer Affairs Agency, which claims 172 fire accidents occurred in Japan from 2008 to 2017. The Japan Photovoltaic Energy Association said it will provide homeowners with the relevant information and stressed fire risk should not be used as an argument against the energy transition.

Companies in the United States accounted for more than 60% of the clean energy deals signed by corporations worldwide last year, according to BloombergNEF. A proposed renewable portfolio standard for Chinese business, though, could turn the picture upside down in a year’s time.

In last month’s exercise, final prices were slightly lower than those seen in previous procurements and the total allocated capacity was 196.6 MW. Through the three tenders held by the Japanese government, around 500 MW of solar was assigned, against a target of 1-1.5 GW. Land availability, grid constraints and high labor costs make projects expensive and force developers to use mountainous regions.

The global market stagnated last year, with around 98 GW deployed. For 2019, the experts expect stronger solar growth, provided there are no setbacks in China.

Scientists at the Okinawa Institute of Science and Technology have developed a process for the creation of perovskite cells with better than 20% efficiency. The cells use a tin-oxide electron transport layer, which the scientists say can triple their operational lifetime.

The deal foresees 3,500 employees from both companies joining the unit, as well as equipment and production facilities to be used to improve battery technologies and develop next-generation solutions.

The Japanese module maker has set a new record for CIS thin film cell efficiency. The company, with Japan’s New Energy and Industrial Technology Development Organization, achieved 23.35% conversion on a cell measuring 1 cm². The record was confirmed by the Japanese National Institute of Advanced Industrial Science and Technology.

The Taiwanese market research company said the effects of the 5/31 policy shift in China were less severe than expected, and in 2018 the global solar market grew 4.9%, with approximately 103 GW of new additions. This year, the solar demand is forecast to rise another 7.7%.

BloombergNEF figures show financial vehicles linked to environmental and/or social benefits amounted to $247bn worldwide in 2018. The US led the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.8bn worth of green home loans.