The pv magazine weekly news digest

first_imgThe pv magazine weekly news digestMillion-installations-strong and under-three-cents-cheap: this week, solar sets new world records in size and price. May 6, 2016 Ian Clover Finance Installations Manufacturing Markets Markets & Policy Share #MillionSolarStrongThis week, the United States celebrates the achievement of 1 million PV installations. The social media campaign #MillionSolarStrong launched by Solar Energy Industries Association (SEIA) is marching across the world in millions of Twitter, Facebook and Instagram posts.A report by SEIA and George Washington University’s (GWU) Solar Institute estimates that there are currently 942,000 residential installations, 57,000 PV installations at businesses, non-profits and government agencies, and 1,500 utility-scale PV installations in the United States. This is a 1,000-fold increase in 15 years.Unlike the 1-million milestone that took 43 years to reach, SEIA and GWU predict that the country will achieve 2 million solar installations within the next three years. They further expect 4 million in 2020, and a million PV systems installed annually by 2025.Supporting the analyst’s expectations, the U.S. Department of Energy (DOE) has announced a $25 million funding to assist the development of between 10 to 15 software and hardware solutions designed to integrate much solar energy on to the grid.Meanwhile, SolarPower Europe prepares to hold a celebration event to mark the achievement of another solar record, 100 GW of grid-connected PV installed in Europe.Under three cents Even though the U.S. solar record has been all over social media for days, pv magazine’s visitor data strongly indicate that the main attention this week has been drawn to another part of the world.The Dubai Electricity & Water Authority (DEWA) has received a world record-low bid of 2.99$c/kWh for the 800 MW third phase of its 5 GW Mohammed bin Rashid al-Maktoum solar project.All five bids received for the third phase of the DEWA project came in below the winning bid in phase two, set at a then-world-record 5.85$c/kWh. A consortium led by Abdul Latif Jameel of Saudi Arabia, Fotowatio Renewable Ventures (FRV) of Spain, and Masdar of the UAE submitted the lowest bid of 2.99$c/kWh.It is 18% lower than the 3.65$c/kWh bid submitted by JinkoSolar of China, and also drastically undercut the 3.95$c/kWh tariff submitted by an Acwa Power-First Solar consortium.The very next day, GE announced that it would supply 220 MW of LV5 Series central inverters for DEWA’s Dubai solar project.California demands rooftop PVBack in the West, the city council of Santa Monica, California voted to require rooftop solar PV systems on all new construction in the city, both residential and commercial.Santa Monica the fifth city in the state of California to include such mandate, following the cities of Culver City, Lancaster, Sebastopol and San Francisco.New single family homes will be required to install a minimum of 1.5 watts of solar PV for every square foot of the building, meaning that a 2,000 square foot (186 square meter) home would need a minimum of 3 kW of solar PV. Multi-family buildings, non-residential buildings and hotels will be required to install 2 watts of PV for every square foot of building footprint.Meanwhile, rooftop PV installations in the U.S. are outgrowing utility-scale plants in many other parts of the world. Los Angeles-based solar developer PermaCity is now planning a 16.4 MW rooftop PV project near the Port of Los Angeles.Filing Q1 resultsSeveral large PV market players have already filed their Q1 results, indicating their wins, losses and reorganization plans.Germany’s SolarWorld has increased its shipments year-over-year by 62% for the first three months of 2016. However, due to currency fluctuations, the firm’s profits for 2016 were suppressed in relation to shipments, with EBITDA “almost stable” at €2.1 million ($2.4 million), down from €2.9 million ($3.3 million) in Q1 2015.Yesterday, California-based PV maker SunPower reported a 13% decline in revenues under GAAP rules, and a net loss of $85 million in Q1 2016. Also, during the quarter SunPower rolled out two modular solutions: the Equinox solution for the residential market and the Helix for commercial installations. U.S.-based PV and semiconductor production equipment supplier Amtech has registered increased bookings in Q2 2016 and incurred a $1.5 million loss for the quarter. The company expects to register Q3 earnings of $30 to $33 million.American utility NRG has unveiled a significant reorganization of its renewable energy businesses in its first quarter 2016 results. The company is shifting its Home Solar segment from a full-service solar installer to a model where Home Solar enters into contracts with customers, which they will then sell to third-party solar providers Sunrun and Spruce Finance.New solar leaders In its Q2 2016 Global Solar Demand Monitor, GTM Research is expecting a slowdown in what were the two largest solar markets in 2015, as the new leaders emerging on the global stage.GTM predicts that the Chinese market will decline 5% this year, citing an 11% reduction in feed-in tariff levels and high rates of curtailment. Additionally, it expects the Japanese market to contract 12%, due to cuts to that nation’s feed-in tariff.The report is also predicting much bigger gains in two other leading markets: India and the United States. The U.S. market is expected to grow 120% in 2016. Finally, the Indian PV sector might well demonstrate the biggest increase of 127% this year, due to its “massive” pipeline of projects.The report makes special note of the Latin American market. GTM expects only 2.8 GW to be installed across the region this year, but forecasts a 28% annual growth rate across the region to 2020.The prediction might well become reality, considering that Brazil’s Power Research Company this week granted technical accreditation for 295 PV projects with a total capacity of 9.2 GW for the auction in July 2016.Earlier this month, Mexico’s Secretariat of Energy has approved the call for the second electricity auction following country’s energy reform. In the previous auction, in March, contracts were awarded to roughly 1.7 GW of PV projects.This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare Ian Clover Ian joined the pv magazine team in 2013 and specializes in power electronics (inverters) and battery storage. Ian also reports on the UK solar market, having worked as a print and web journalist in Britain for various multimedia companies, covering topics ranging from renewable energy and sustainability to real estate, sport and film.More articles from Ian Clover [email protected] Related content Flexible tools for the next generation Jonathan Gifford 7 April 2021 pv-magazine.com A solar manufacturing investment cycle appears to be underway in Europe, with equipment suppliers reporting surging leve… California to host 1 GW of compressed air storage Tim Sylvia 30 April 2021 pv-magazine.com Two projects in California will fill part of the 1,600 MW of long-duration energy storage that state regulators have said is needed by 2026. Agrivoltaics increases land productivity, improves animal welfare Emiliano Bellini 30 April 2021 pv-magazine.com New research from the United States has shown the numerous advantages of combining lamb grazing with solar power production. On strong fundamentals pv magazine 7 April 2021 pv-magazine.com The solar industry faced headwinds in March, writes Jesse Pichel of ROTH Capital Partners, thanks to rising interest rat… Curtailing corrosion: making mounting structures last pv magazine 7 April 2021 pv-magazine.com Raw material quality is vital for solar power plants, particularly given higher expectations for their lifetimes, as 30+… Lack of policy hampers energy storage in Cyprus Ilias Tsagas 29 April 2021 pv-magazine.com Although the government last month started offering purchase incentives for residential batteries, a net metering regime… iAbout these recommendations Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.Further information on data privacy can be found in our Data Protection Policy.Keep up to date pv magazine Global offers daily updates of the latest photovoltaics news. We also offer comprehensive global coverage of the most important solar markets worldwide. Select one or more editions for targeted, up to date information delivered straight to your inbox.Email* Select Edition(s)*Hold Ctrl or Cmd to select multiple editions.Tap to select multiple editions.Global (English, daily)Germany (German, daily)U.S. (English, daily)Australia (English, daily)China (Chinese, weekly)India (English, daily)Latin America (Spanish, daily)Brazil (Portuguese, weekly)Mexico (Spanish, daily)Spain (Spanish, daily)France (French, daily)We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy. Subscribe to our global magazine SubscribeOur events and webinars Reducing solar project risk for extreme weather 20 April 2021 pv-magazine.com Discussion participantsDaniel H.S. Chang, VP of Business Development | RETCGreg Beardsworth, Sr. Director of Product M… Household solutions for maximizing self-consumption using smart contro… , pv-magazine.com Discussion participantsRobert van Keulen, Technical Manager, GrowattGautham Ram, Assistant Professor and Researcher, D… iAbout these recommendations pv magazine print Flexible tools for the next generation Jonathan Gifford 7 April 2021 pv-magazine.com A solar manufacturing investment cycle appears to be underway in Europe, with equipment suppliers reporting surging leve… On strong fundamentals pv magazine 7 April 2021 pv-magazine.com The solar industry faced headwinds in March, writes Jesse Pichel of ROTH Capital Partners, thanks to rising interest rat… Curtailing corrosion: making mounting structures last pv magazine 7 April 2021 pv-magazine.com Raw material quality is vital for solar power plants, particularly given higher expectations for their lifetimes, as 30+… Australia’s next wave of large-scale solar development pv magazine 7 April 2021 pv-magazine.com Call it “latent energy” – Australia’s renewable resources are expected to help some of the world’s greatest polluters to… Unchained: political moves shift solar supply David Wagman 7 April 2021 pv-magazine.com PV module supply chains to the U.S. industry are in flux, and not for the first time. Moves to take action alongside sti… Korea shifts into top gear pv magazine 7 April 2021 pv-magazine.com There is a fresh sense of urgency and common purpose in South Korea toward combating climate change. In 2021, government… iAbout these recommendationslast_img read more