HS Markit is predicting a continued increase in the adoption of solar photovoltaic (PV) in the next two years. This is according to a recent whitepaper released by the research firm. According to the research firm: Over 100GW of 1500V solar PV inverters are forecasted to be shipped in the next 2 years as the adoption increases. The use of solar PVs has over the past decade increased as a result of a decline in costs. For instance, utility-scale solar PV has fallen by 50% between 2013 and 2018. The solar PV technology is now considered mature and continued decline in costs is slim.…
Author: WoREA Editorial Staff Member
WoREA Editorial Staff Member
Posted by a WoREA Editorial Team Member
The latest data released by the Global Wind Energy Council (GWEC) shows Asia-Pacific installed 24.9 GW capacity of onshore wind power in 2018, an increase of 4.2% compared to 2017. The preview data from GWEC’s Global Wind Report forecasts that a further 145 GW of onshore wind capacity will be added by 2023 – this would mean that total installed onshore capacity will reach over 400 GW in the region. Top three onshore wind markets in Asia-Pacific in 2018: China – 21.2 GW (preliminary) India – 2.2 GW Australia – 0.549 GW China installed the most onshore wind capacity during…
Solar PV capacity will overtake wind within five years, according to a new forecast, but wind power generation will outpace that of solar. More than 85% of new non-hydropower renewable capacity will be installed in just ten markets, over the next decade, but expansion will also be supported by a broader base of markets, according to a research note by Fitch Solutions and Macro Research. Capacity Solar PV is to overtake wind power within five years Non-hydropower renewable capacity will double between the end of 2018 and 2028, reaching nearly 2.4TW by the end of the period, the researchers forecast.…
EBIT before PPA and integration and restructuring costs1 amounted to €138m (+4% YoY), the EBIT margin was 6.1%, and reported EBIT amounted to €40m (+13% YoY) Volume totalled 2,129 MWe, driven by the offshore business (+76% YoY) The order book stands at €23b (+8% YoY), covering 92% of the revenue guidance for FY 2019 The company has logged orders worth €11.5bn in the last twelve months (+3% YoY), driven particularly by a 28% increase in onshore orders The global prospects for the wind industry remain sound, with projected 6% annual growth in installations to 72 GW in 2025. Offshore installations will rise…
A new report from Navigant Research offers an analysis of global utility smart meter projects, providing data related to global customer endpoints, meter manufacturers, advanced metering infrastructure (AMI) communications vendors, systems integrators, and meter data management system (MDMS) vendors, through 3Q 2018. The smart electric meter market remains strong as developed markets continue to mature through a mix of new deployments and second-generation upgrades. Meanwhile, developing markets are finally advancing beyond the nascent stage, with an uptick in notable project announcements across areas of Asia Pacific, Latin America, and the Middle East. Click to tweet: According to a new report…
National Renewable Energy Laboratory (NREL) researchers estimate that installing floating solar photovoltaics on the more than 24,000 human-made U.S. reservoirs could generate about 10 percent of the nation’s annual electricity production. Their findings, published in the journal Environmental Science & Technology, reveal for the first time the potential for floating PV to produce electricity in the United States. While the United States was the first to demonstrate floating PV panels — with the first installation occurring 10 years ago on pontoons on an irrigation pond in Napa Valley, California — the idea has not received widespread national acceptance. The U.S. focus…
Wind turbines are designed to generate energy, not store it. When winds are sufficient, the power goes straight to the transmission grid. But if the grid gets more energy than it can handle, electricity prices drop and turbines are shut down. The reverse is also an issue. When winds are low, turbines earn little to nothing. Energy storage systems are one answer to the variability challenge of wind-generated power. However, most battery-based systems are still too costly to combine with most wind farms. So engineers in Europe have been busy thinking outside the box and inside the turbine tower. Their…
Renewables provided almost one-third of the UK’s total power output in Q3 2018, a record high for that period of the year, boosted by the summer’s heatwave and high wind speeds. That performance also lifted the total share of power from low carbon sources to 56%, another record high for Q3, however this was also aided by a reduction in total power output to 75.3TWh. Furthermore, it was the second successive quarter that the country’s renewables output set a new record, having previously witnessed renewables’ share rise to 31.7% in Q2. The figures were released in the Department for Business,…
Rarely thought of as being the crusaders of the green power transformation, chief financial officers looking to lower energy costs could find themselves at the forefront of a renewables revolution. The commercial and industrial sector accounts for two-thirds of the world’s end-of-use of electricity and as the appetite for more energy gets stronger, so does the need to fight back against rising energy costs. CFOs are doing this by signing corporate power-purchase agreements (PPAs). These are contracts where power users agree to buy energy at a fixed price for a fixed term. As well as fixing costs, PPAs guarantee a…
The European Investment Bank (EIB) has granted its first EIB Green Loan to Endesa. This financing aims to make it easier to invest in energy efficiency and renewable energy sources. Although the EIB has financed a number of projects of this kind in its long history of combating climate change, this is the first time it has described a loan in this way, thereby helping promoters such as Endesa to develop their decarbonisation strategy. The operation signed covers EUR 335m in financing to build 15 wind farms with a capacity of 446 MW and three solar photovoltaic plants with a capacity of…
