Markets

Suntech announces panel supply deal for Australia projects

Former manufacturing giant establishes a foothold in the promising Australian market, and says it is in talks with developer Biosar about supplying further modules for projects in the nation.

Global PV module prices collapse

The predicted fall in global PV module prices appears to have already begun, with PVInsights and EnergyTrend reporting average prices in the $0.27-$0.37/W range.

Falling battery costs to push solar, wind to 50% electricity generation by 2050, but electricity still failing CO₂ reduction targets – BNEF

Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.

IHS Markit lowers 2018 outlook for world PV market to 105 GW

The market research company expects the Chinese market will decline by 15 GW this. Part of this slow-down, however, will be off-set by lower module prices and accelerated demand across markets with pent-up demand.

SolarPower Europe revises down global outlook for 2018… but only a bit

Despite recent developments in China, the European solar association believes global newly installed PV capacity this year will reach 102 GW, only 5 GW lower than its previous guidance.

“New wave” of PPAs breaks, Flow Power signs Kiamal Solar Farm offtake agreement

Commercial electricity retailer Flow Power has signed an offtake deal through to 2030 for a quarter of the production from the Kiamal Solar Farm, in Victoria. Total Eren – developer of the $90 million, 200 MW project – has now signed three bilateral PPAs with offtakers – pointing the way for project developers as large-scale solar’s competiveness continues to grow.

1

China PV slowdown could prompt deep module price falls in Q3

New policies affecting all solar market segments in China are likely to lead to production overcapacity in the second half of 2018. The new regulations, announced June 1, will likely see the Chinese market decline from an expected 40-45 GW to 30-35 GW for the year, analysts report.

Bungala Solar Project starts generating to grid

A 45 MW portion of the Bungala solar farm has begun feeding electricity into the grid. The entire first phase of the project – a 137.7 MW PV plant – is expected to be completed in a few months.

CEC: Clean energy industry sees banner year in 2017, major breakthrough to come in next two years

With an unprecedented rollout of rooftop solar reaching 1.1 GW and around 700 MW of large-scale renewable energy projects completed and connected to the grid, last year was an important turning point for Australia’s clean energy industry, shows the Clean Energy Council in its latest report. However, seven times bigger capacity of utility-scale projects with financial support or under construction at the year’s end is poised to eclipse 2017.

1

Lyon partners with Fluence, JERA to develop large solar+battery projects

Looking to pursue utility-scale battery storage opportunities in Asia Pacific markets, the Australian renewable energy developer, the US-German joint venture and the Japanese joint venture have entered into a collaboration agreement, under which their first task will be to develop three integrated solar and storage projects in Australia, including what would be by far the world’s biggest battery.

1

This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close