Markets

Compressed air energy storage is not exactly a new technology, but recent months have seen this older storage technology with a new lease of life as intermittent renewable sources of energy come to the fore. Recent large-scale air storage plants have been announced in North America and the Middle East, and now some of that hot air has arrived on Australian shores.

European commissioner for economy Paolo Gentiloni has outlined how the commission’s planned revision of the energy taxation regime, and introduction of an EU carbon border, could be applied.

The head of the nation’s Smart Energy Council told an event organised by the Global Solar Council, that landmark could be achieved even amid Covid-19 restrictions.

Southeast Asia could well become the global engine room of renewable energy expansion. Population and economic growth is expected across the three decades in which the world has to decarbonise, but the brimming bounty of renewables deployment will force developers to navigate the region’s systems. As it turns out, that could be a treacherous task.

Indonesia will catch the eye too over the next nine years, according to Wood Mackenzie analysts, as its market grows from 300 MW to 8.5 GW.

In his first public address, the newly appointed head of the Australian Energy Market Operator significantly upped the Operator’s ambitions for renewable penetrations in the grid, conveying the importance of no longer constraining what he called ‘zero cost’ renewable energy assets.

Solar capacity addition in the fiscal year 2021-22 will surge, led by a strong project pipeline. Tariffs will go up amid rising module prices but will remain competitive at below INR 3/kWh (US$ 0.040/kWh).

The question of overly complicated, time-consuming permitting processes again raised its head at a two-day online event held by the Global Solar Council to examine how to accelerate deployment of photovoltaics.

According to Asia Europe Clean Energy (Solar) Advisory Co. Ltd, demand for solar PV in China could “effortlessly” surpass 100 GW in 2022, following a year of “flat” demand in 2021. It adds that a “massive overcapacity” situation in the production sector is looming. Meanwhile, the distributed solar PV market is on track for huge growth, with potential for annual demand to reach upwards of 20 GW+ from next year.

With projects in many PV markets ageing past the 10-year mark – with major leaps in technology having occurred in that time – revamping is a popular topic among asset owners. Pv magazine spoke with Asier Ukar, general manager of the Spanish subsidiary of German testing company PI Berlin, to uncover the benefits of revamping PV projects with new components and also to examine the challenges and risks involved.