Storage pipeline grows to 10.4 GW, installations reached 1.9 GW in 2017, finds IHS Markit
Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea climbed to top of the tree in terms of cumulative capacity. Global project pipeline has soared to 10.4 GW.
Global storage growth of 4.6% in 2017 reflects patchy state of sector, finds BNEF
Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.
South Korean state energy firm plans 100 MW floating PV project
Korea Hydro & Nuclear Power signs memorandum of understanding with solar developer, Hwaseong Solar Energy to construct what would be nation’s largest floating solar farm on western coast.
Solar installations to soar under new South Korean energy plan
South Korea’s total installed renewables capacity will spike to 58.5 GW by 2030, from just 11.3 GW at present, under a new energy plan that prioritizes solar and wind development over nuclear generation.
China adjusts anti-dumping duties on polysilicon from South Korea
The new anti-dumping duties are effective from November 22 and range from 4.4% to 113.8%.
Korean Peninsula tensions having little impact on solar relations with China, says analyst
Despite reports suggesting China’s anger at South Korea’s deployment of anti-missile defense systems has aggravated a slump in Korean solar imports, analysis of import data shows this not to be the case.
Hanwha Q Cells returns to profit in Q1
The South Korean-headquartered solar company posts operating income of $28 million following loss of $21 million in Q4 2016. Revenue was steady, but shipment figures were once again left undisclosed.
Korean University team develops 21.2% efficient perovskite solar cell
Researchers at the Ulsan Institute of Science and Technology (UNIST) in South Korea have announced the development of a method to produce perovskite solar cells, which the University says could contribute to commercialization of the technology.
Astronergy finishes 16.5 MW in South Korea
The Chinese PV supplier invested 29.7 billion Korean won ($26.8 million) in the project on Jeju Island, roughly 80 kilometres south of the Korean peninsula.
KACO New Energy to ship 300 MW of inverters to South Korea
The German firm signs framework agreement with DNE Solar for the delivery of 300 MW of string inverters to be installed across South Korea.
