Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.
COP26 was either a great success or an abject failure, depending on who you talk to. What matters for the solar industry is the extent to which decisions agreed in the Glasgow Climate Pact are going to change the direction of the energy and financial sectors.
Attendees at an online event dedicated to rooftop solar in Central Africa called for customer incentives, tax exemptions for solar kit, feed-in tariffs, installation standards, affordable finance, grid connections and recycling policies across the region.
The United Nations Climate Change Conference (COP26) took place between October 31 and November 12 in Glasgow, Scotland, and ended with the adoption of the Glasgow Climate Pact by bringing 200 countries closer to keeping global temperature rise under 1.5°C by 2100.
The nation announced a more ambitious climate change and renewables target at COP26 in Glasgow, and will be boosted by a $160 million funding pledge from the summit host nation.
A report published by BloombergNEF for the COP26 climate change summit has listed global commitments by cities, states, provinces and nations to end the sale of new fossil-fueled vehicles but, with 2035 estimated as the cut-off date for zero-emission roads by mid century, policymakers need to be more ambitious.
Vilnius-headquartered Solitek is preparing to ramp its output next year on the back of rising orders in Scandinavia, and says its new partnership with New York-based Convalt Energy will reduce its dependence on Asian semiconductors and solar cells.
The lack of an incentive regime for battery projects and the like – whether a fixed feed-in tariff or market-driven contracts-for-difference program – is likely to see the COP26 host miss its 100%-clean-power-by-2035 commitment, according to K2 Management.
London-based – and apparently Moby Dick-inspired – Queequeg Renewables has revealed plans for a slew of solar projects and a string of battery plants which will provide grid balancing services.
Africa has 40 % of the world’s solar potential but only 1 % of the world’s solar panels.
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