New WoodMac report forecasts renewables cheaper than coal by 2030 across Asia-Pacific
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.
Coal developers risk half a trillion dollars down nonrenewable drain
A new report from financial think-tank Carbon Tracker has found that coal developers risk wasting more than $600 billion due to stubborn resistance to the already cheaper electricity resources provided by renewable energies worldwide. The report finds, in short, that a new coal plant is about as prudent an investment today as a Clydesdale and cart.
ClearVue inks solar strip module supply deal with BeyondPV
Western Australia-based solar glass developer ClearVue has signed a deal with Taiwanese thin-film solar module manufacturer BeyondPV to set up a dedicated production line for solar strip modules at its production facility in Tainan.
Upstream majors to lead the charge in renewables investment
Renewable energy investment in the APAC region, excluding China, will overtake spending on oil and gas exploration and production spending by 2020, finds Norwegian consultancy Rystad Energy. And Australia is set to emerge as one of the leading investment destinations.
Asian-Pacific market to see 355 GW of solar over five years, despite policy challenges
Despite political hurdles in key markets including China, India and Japan, Asia-Pacific remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.
EnergyTrend expects price shuffle after EU ends MIP
According to the Taiwanese analysts, the solar PV module market is still stable. However, EnergyTrend expects a new price war to erupt with the end of minimum import tariffs (MIPs). In particular, Taiwanese manufacturers will have to cope with increasing price pressure.
Taiwan’s Neo Solar Power narrows loss ahead of merger
Taiwanese cell producer, Neo Solar Power has posted a net loss of NT$390 million (US$12.75 million) for the second quarter of 2018. Though indicative of the difficult times currently facing Taiwan’s cell manufacturers, the figures represent a 39.3% reduction compared with the previous quarter’s loss.
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.
