Renewable Energy

Daqo revealed it will list its main production unit in Shanghai, while Goodwe secured approval for its own plans to list shares. Cybrid Technologies, meanwhile, said it will ramp up production of polyolefin elastomer (POE) encapsulant films.

Researchers from the Solar Energy Research Institute of Singapore have concluded that utility-scale PV projects relying on bifacial panels and single-axis trackers deliver the lowest levelized cost of energy in most of the world. They found that the combination of bifacial products with dual-axis trackers is still too expensive, despite the higher yield. The second-lowest LCOE is offered by monofacial single-axis tracker plants.

Dutch solar developer Sonnedix will supply Norwegian renewables company Statkraft with around 100 GWh of green electricity annually from 2021 to 2031. The electricity will be generated by a solar plant planned in Badajoz. Sonnedix also announced the acquisition of 4.6 MW more Spanish solar capacity.

Researchers in the U.S. have demonstrated, using simulations, PV system generation can range from 18-60% of clear-sky potential during hurricanes – provided the arrays do not suffer damage. According to them, solar installations could continue to provide back-up power when grids are down during hurricanes, especially if coupled with energy storage.

Winners of the island state’s largest ever renewable energy procurement include AES, Hanwha, Engie, EDF, Longroad.

The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.

According to new numbers released by the China Energy Storage Alliance, the country’s storage capacity topped 32.4 GW at the end of last year. The association said the storage market is expected to continue to grow steadily in the years ahead.

Energy minister Yuval Steinitz has announced the country’s 2030 renewable energy target will rise to 30%, with solar expected to account for the lion’s share. Approximately $23 billion more clean energy investment is envisaged this decade.

Coronavirus-related disruption severely impacted solar installation during the first three months of the year, as the nation added only 689 MW of utility scale PV, against the 1,864 MW that was scheduled to be commissioned.

Australia’s rooftop PV fleet continues to grow in the face of uncertainty surrounding the outbreak of the pandemic, posting another big month above 200 MW. Mega-household solar systems are growing in popularity, but retailers and installers can see the storm clouds gathering.