Markets

2035: The renewable energy tipping point

The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?

CER: Record high number of projects accredited in September, development pipeline surpasses 10 GW

With a combined capacity of 667 MW, September has set a new record high for the number of accredited projects in a single month, show the latest data released by the Clean Energy Regulator. Almost all of the new capacity comes from large scale solar.

EVs could become key to renewables uptake and world’s largest source of battery storage

For renewables to claim a more sizable share of the global energy mix, the adoption of energy storage would need to pick up pace and the rapidly increasing size of the EV fleet will offer a scalable way to ramp up such access, says Fitch Solutions.

Eguana Technologies recruits new executives

Mercedes Benz execs join Eguana Technologies to help drive Calgary-based business’ global expansion plans.

Leaders and laggards in Australia’s renewables race

According to a new scorecard released by the Climate Council, Tasmania, the ACT and SA are leading the nation in renewable energy adoption, while WA and the NT are lagging at the back of the pack.

Module prices have decreased by up to 25% so far this year, TrendForce says

According to the Gold Member Solar Report by EnergyTrend (Q3 2018), monocrystalline module prices have fallen almost 20% this year, while those for polycrystalline modules have dropped by more than 25%. Increased consolidation among manufacturers and developers is expected to occur in China and the global solar market, with more merger deals, plans for capacity reductions and even factory closures.

IEA low-balls solar growth (again)

The agency’s base case expects relatively flat growth in solar deployment over the next six years, but for solar to still dominate growth among renewable technologies. The agency’s estimates are again below those of major market analysts.

World reacts to IPCC report

A snapshot of how politicians, scientists, institutions, industry, and civil servants have reacted to the Intergovernmental Panel on Climate Change (IPCC) report, released yesterday.

NT government approves 25 MW solar PV plant, announces reforms to back battery uptake

As part of its electricity market reforms, the Northern Territory’s government has announced plans to review its solar feed-in tariffs in order to encourage the existing solar households to add battery storage. It has also greenlit the 25 MW Katherine solar park, the state’s largest solar PV farm to date.

Frost & Sullivan forecasts strong 2018 for solar, despite China’s policy setback

A new report published by business consultants Frost & Sullivan expects around 90 GW of new solar installations by the end of 2018, in line with the predictions of other leading analysts. It further notes that PV remains the world leader in renewable energy capacity, and that markets are moving away from feed-in tariffs to make increasing use of auction models and private PPAs.

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