Last year was a disappointing period for China’s PV industry, as high module prices restrained domestic demand and the ongoing pandemic continued to cause upheaval. This year looks more promising, even though the pieces of China’s PV puzzle have yet to fall into place. But sorting through them allows for a better understanding of the world’s largest PV market, reports Vincent Shaw, pv magazine’s China correspondent.
Electric vehicle batteries are packed with energy, with additional battery density and efficiency working to quell range anxiety for drivers. But with that capability lingers a concern from some that EVs may pose a fire risk and a challenge for first responders in the event of accidents. Western Australia’s Professor Ray Wills from Future Smart Strategies bought his first EV in 2012 and argues that in terms of safety, EVs remain an easily superior vehicle, and even the tiny fire risk that exists is an ever-diminishing issue.
Given the goings-on in the world this last quarter, Mike Jefferies, Investment Manager at Octopus Investments Australia, takes a look at the current macroeconomic environment, how this is tied to energy markets, the impacts Russia’s invasion of Ukraine has had on that energy market, what this could mean for Australia and how renewables could help address these issues.
With a PV panel surface area of 309.83m2, the solar tree is officially certified by Guinness World Records (GWR) as the largest solar tree in the world.
The international development entity has already invested $1 billion in local, off-grid electricity networks over the last decade – and attracted a further $1.1 billion in matched funding – and wants to set up mini-grids to supply electricity to 490 million people by 2030.
Renewable energy developers have until April 25 to lodge interest in developing a hybrid facility combining 1.5MW of hydroelectric generation capacity and 100MW of floating solar in the state of Maharashtra.
Indonesia has set itself some ambitious goals for PV manufacturing, backed by domestic content requirements and other incentives. But local demand is limited, and the nation faces stiff competition from China and other countries on the export market. While real obstacles remain, a restructuring of state-owned electricity company PLN and local raw material riches mean the potential is growing.
In the fourth quarter of 2021 alone, solar developers added 3.2GW of new PV installations in India.
Ratings agency ICRA has estimated Indian green hydrogen will cost that much if produced at sites featuring clean energy generation capacity and electrolysers. That is between US$0.5–$1 per kilogram cheaper than in locations where the two systems are not co-located, with the saving possible due to a reduction in open-access, intra-state grid charges.
We are living through uncertain times. Despite the urgency of the energy transition and the substantial and growing opportunities for new utility-scale (and larger) renewables developments, risks arise for owners, developers, lenders, investors and contractors.
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