GE Power has announced 12,000 jobs will go as part of its effort to cut structural costs by US$3.5 billion. Part of the reason for the move is the strong growth of renewables, and a softening of traditional power markets. Storage is said to be a “mega trend”.
PERC power: As PERC settles into its position as a mainstream technology, leading module manufacturers are searching for ways to push ever more watts out of their module, and eliminate lingering degradation issues. So far this has included ramping up production capacities for half-cell modules and developing innovative new connection strategies. pv magazine looks into the latest technologies leading to gains in power output and quality at module level.
On the back of high solar PV installs, which will smash records this year at just under 100 GW, BNEF’s optimistic demand forecasts place growth at 111 GW in 2018, rising to 121 GW in 2019. It further sees a polysilicon factory boom, with production 10% up on 2017; and module prices dropping to as low as US$0.30/W for market leaders.
NASA is on course to more accurately monitor the level of solar irradiance that reaches the earth, with the launch of a instrument for the International Space Station.
European countries such as France, Germany, the Netherlands and Spain are all forecast to be gigawatt-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022.
A total of 34 GW of new solar power generating capacity came online in 2016 in 71 emerging market countries, finds the latest Climatescope report by Bloomberg New Energy Finance.
Until now, cultivatable land was destined either for the generation of energy, or for food production. However, a pilot project, run by the Fraunhofer ISE, shows the two are compatible.
Two French companies have partnered to develop projects that combine renewable energy generation with water desalination. This is an area the solar sector is targeting specifically for the developing world, due to its off-grid compatibility.
A report from Moody’s Investor Services on the importance of evaluating a series of factors other than declining costs of renewables and economies of scale, when approaching a competitive auction.