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grid-parity

China reportedly ready to end large scale PV subsidies this year

Having envisioned an 18-month transition to grid parity solar in the world’s biggest PV marketplace, developers of large scale projects are now reportedly being told the subsidy taps will be switched off at the end of December.

Solar electricity can retail for $0.027-0.036/KWh as renewables close in on global grid parity

The latest figures released by BloombergNEF show new solar and onshore wind power plants have reached parity with average wholesale prices in California, China and parts of Europe. The technologies are winning the race to be the cheapest sources of new generation for two-thirds of the world’s population.

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Spain and Brazil the world’s ‘solar investment hotspots’ but eyes on Vietnam

Analysts at Fitch Solutions have published a report singling out Spain and Brazil as ‘outperformers’ in the global solar market and labelled Vietnam the “market to watch”. The analysts expect surging growth from the Southeast Asian nation to continue in the coming decade.

GCL project development business has $1.6bn current liabilities deficit

The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.

Commercial solar at grid parity in China but a hard line is needed on soft costs

Deploying commercial and industrial PV in China without subsidy is already profitable in some areas, according to a new study, but prohibitive soft costs and cheap electricity are the main barriers for such installations in areas where grid parity remains out of reach.

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GCL-Poly posts $141m loss in H1

The Chinese PV group recorded a loss attributable to owners of the company of roughly $141.1 million, as its solar materials division posted a loss of approximately $185.5 million.

Residential storage in Europe to grow 500% by 2024

A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.

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PPA-linked solar park comes online in Sweden

The 5.8 MW Sparbanken Skåne Solar Park is in the Sjöbo Kommun, in the southern region of Skåne. The facility is selling more than half its output to the spot market and around a third to Swedish bank Sparbanken Skåne under a 10-year PPA. The rest is being traded on the Nord Pool electricity certificate market for renewable energy in Sweden and Norway.

‘True grid parity about more than electricity price’

The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.

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China’s grid planners could learn from European experience

The world’s biggest solar market is on track for an unsubsidized future but policymakers continue to grapple with grid planning. A report by the German Energy Agency has offered suggestions on how China’s approach to grid design could be tweaked to ensure priority dispatch for PV while slashing administrative costs and reining in renewable energy losses.

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