This new development has brought the country’s cumulative installed solar capacity to more than 9.5 GW. Around 91.5% of the newly installed capacity is represented by PV systems below 1 MW in size.
The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.
Rather than helping electric vehicle take-up by driving down costs to parity with traditional engines, the low price of nickel at the moment is deterring investors and could cause a supply shortage that holds back electromobility in a few years’ time.
The huge floating plant is expected to be located on a water surface close to the Saemangeum, an estuarine tidal flat on the coast of the Yellow Sea. Construction on the facility is planned to start in the second half of next year. Around 4.6 trillion won ($3.9 billion) of private funds will be invested in the project.
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
The world’s biggest solar market could be about to replicate that feat in energy storage, provided it manages to reform the payment system for rewarding the grid services offered by batteries.
Citing the risk to solar projects, lobby group the National Solar Energy Federation Of India has asked the Ministry of New and Renewable Energy to exclude flat steel products coated with alloy of aluminum and zinc from anti-dumping duty.
A research paper from scientists at the U.S. National Renewable Energy Laboratory outlines a new approach to the production of gallium arsenide based cells. The approach, termed ‘germanium on nothing’, could enable the cost effective, high volume production of PV cells based on III-V materials such as gallium arsenide.
New modules incorporating American company 1366 Technologies’ 3D direct wafers were unveiled yesterday at the SNEC trade show in Shanghai. The prototype modules are produced by Korean manufacturer Hanwha Q Cells. The two companies have a strategic partnership going back several years, and are ramping up a wafer factory near Q Cells’ module facilities in Malaysia.
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