Clean energy investment by non-OECD countries fell $40bn in 2016, but developed nations also slacking, finds BNEF
While China accounted for three-quarters of the investment reduction in clean energy in 2016, other non-OECD countries spent 25% less on renewables last year compared to 2015, according to BNEF and Climatescope data. 2009’s Copenhagen pledge by richer countries to support developing world also falling short.
Digital technologies in energy to reach to $64 bn by 2025, BNEF reports
Energy innovations will be centered on digital technologies and the strategic use of data, with focus shifting from fossil fuel operation and maintenance to distributed renewables and the connected home, reads a BNEF report, adding that the market size for digital technology in energy will grow to $64 billion by 2025.
BNEF shines light on China’s solar curtailment problem
Approximately 56.2 TWh of solar and wind generation was curtailed in China last year, underscoring how excessive investment and an oversupply of electricity pose an ongoing threat to renewables development, according to newly released research.
LONGi claims 22.71% PERC efficiency world record
Germany’s Fraunhofer ISE CalLab has confirmed that China’s Longi Green Energy Technology has achieved a record 22.71% conversion efficiency with its monocrystalline passivated emitter rear contact (PERC) solar cells.
Taiwan’s Gintech, Solartech and NSP merger creates new solar entity, UREC
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Emerging countries imported $1.8bn of Chinese solar modules in Q1, finds BNEF
More than half of all Chinese solar shipments in March this year went to India, while emerging countries alone now account for 60% of China’s PV exports, according to the latest Bloomberg New Energy Finance 3Q Frontier Power Market Outlook.
China’s PV generation spikes 75% in H1
Solar projects generated about 51,800 GWh of electricity throughout China in the first half of 2017, up 75% year on year, according to preliminary statistics from the National Energy Administration (NEA).
BNEF report outlines big expectations for key Latin America markets
In its New Energy Outlook 2017 report (NEO), published earlier this week, Bloomberg New Energy Finance (BNEF) outlines its expectations for energy in the Americas between now and 2040. The report predicts big for the key regional markets Brazil, Chile and Mexico.
BNEF: Coal to fade as cost of renewables falls even faster
The latest long-term forecast from analysts Bloomberg New Energy Finance (BNEF) predicts solar energy costs to drop a further 66% by 2040, and onshore wind by 47%. Given these predictions, BNEF expect that renewables will undercut the majority of fossil based generation by 2030, even in India and China.
HT-SAAE’s PV factory in Turkey bags 300 MW of orders
In a bid to meet growing local demand, and reach out to the U.S. and European markets, the Chinese vertically integrated solar PV company has established a new manufacturing base in Turkey.
