A new report from Wood Mackenzie suggests costs of front-of-the-meter battery storage systems in the Asia Pacific region could decline by 30% by 2025. The declining costs are already having a palpable impact as 2021 has opened with a slew of large-scale battery project announcements.
Technical innovation and solar module production at scale bring with them the opportunity to integrate environmental responsibility. One major manufacturer is reaping returns on its investment.
Throughout 2020, a fast-moving story played out in PV module technology, with the introduction of larger wafers and subsequently larger module formats seeing the industry break into two camps, backing either 182 mm or 210 mm wafers. It remains to be seen whether one or the other will become a new industry standard, and both sizes will likely be plentiful on the market for the next few years at least. pv magazine takes a look at how we got to this point.
Wood Mackenzie’s Asia Pacific predictions for the energy market in 2021 are in. The firms analysts see wind and solar continuing to grow throughout the region driven by China, but notes that gas and coal aren’t going anywhere fast.
The use of polymer electrolyte membrane fuel cells as backup power generation in solar microgrids could drive down costs and improve efficiency, according to an international group of researchers. They have proposed a new energy management system that could be ideal for hybrid solar-hydrogen microgrids in remote locations.
The Chinese leader has revealed some details of his nation’s commitment to go carbon neutral by 2060. That solar and wind power promise could even prove to be a conservative estimate, according to the nation’s solar industry.
IHS Markit released a white paper in which the analyst outfit shared some predictions for the power electronics market. First and foremost, inverters will become smarter, and after some power outages in key markets, these devices are gearing up to take on more grid stabilising tasks, which hitherto had been reserved for synchronous generators.
The pandemic and accidents at polysilicon labs in China’s Xinjiang region put PV manufacturers under pressure to maintain production this year, while slowing cell and module R&D. After half-cut and multi-busbar becomes commonplace, manufacturers will continue to explore the high-density assembly methods that emerged last year, as well as n-type cells. But the market is also shifting to large formats, and the share of bifacial products is growing this year. As sizing up modules can bring immediate returns, PV InfoLink’s Amy Fang expects the PV industry to prioritise the development of large formats and bifacial products next year.
A new Wood Mackenzie report has forecasted a massive swing in the levelised cost of electricity across the Asia-Pacific over the course o the next decade. Before 2030, renewables will be cheaper than new coal and gas almost everywhere, and significantly cheaper in Australia.
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