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Rystad Energy

Covid-19 weekly round-up: Solar resilient in the US as Australia and Europe forge ahead through crisis

Plus, U.K. analyst Cornwall Insight reports the price of green energy certificates in the nation could stay in the doldrums for some time and industry executives consider the upsides of the new virtual PV business.

Covid-19 daily bulletin: Grim news from US and Australia but pandemic is not solely to blame

The U.S. solar industry experienced a wave of job losses last month and the public health crisis has driven foreign exchange losses which will jeopardize projects Down Under, but it is Angela Merkel’s government which is attracting the ire of German PV installers.

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The race has only just begun

The Australian utility-scale PV and wind industries have just gone through a record two years of construction and commissioning. More specifically, writes Rystad Energy’s David Dixon, utility-scale PV has transformed from a megawatt-scale market to one measured in gigawatts. The resultant boom in utility-scale PV in the country has attracted developers, EPCs and OEMs, from at home and across the globe.

Lightsource BP proposes 100 MW solar farm in South Australia

U.K. solar developer Lightsource BP plans to host a community information event in the town of Mannum, South Australia, to outline a proposal to fund, build and operate a 100 MW solar project.

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Vietnam’s 2019 commissioning rush

Vietnam had already successfully commissioned 1.5 GW of utility-scale PV at the end of May this year, and there is no sign of this slowing down, with another 2 GW teed up for June 2019. The breakneck speed in development is making Vietnam a powerhouse in the region in installed capacity, even nipping at the heels of Australia. Rystad Energy’s Minh Koi Le looks at the state of play in the Vietnamese solar market.

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Vietnam overtakes Australia for commissioned utility scale solar following June FIT rush

Norwegian consultancy Rystad Energy has placed the Australian and Vietnamese solar markets side by side and found the Southeast Asian country left its rival trailing in terms of commissioned utility scale PV capacity. A staggering 4.46 GW of connected PV capacity in Vietnam at the end of June came as a surprise to many.

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Scatec Solar inks strategic collaboration deal over 485 MW of solar in Vietnam

Scatec wants to expand in Southeast Asia and Vietnam is poised to become a hot market thanks to a generous feed-in tariff and a government that has set tight carbon emission targets.

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Vietnam mulls multi-layered FIT scheme as it kicks energy transition into gear

With its feed-in tariff set to expire at the end of June, Vietnam is considering different levels of payment, classified across three irradiation regions and involving four solar technologies. Future payments would range from $0.0659-0.0985/kWh, with the cloudy north in line for the highest tariffs and with the government likely to revise tariffs for new projects every two years.

Module price declines in Australia could result in $60/MWh utility-scale solar

Falling module prices could very well dramatically enhance the competitiveness of large-scale solar in Australia – pushing the price at which PV can be produced below the wholesale curve. Rystad Energy believes that with a 20-30% module price decline, as has been forecast, $60MWh utility scale solar could become the new reality.

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