World

An Ieefa report has suggested the cost of generating electricity from solar will be near zero in the world’s sunniest regions by 2030-40 – despite what the naysayers at the International Energy Agency might think.

Researchers from the Solar Energy Research Institute of Singapore have concluded that utility-scale PV projects relying on bifacial panels and single-axis trackers deliver the lowest levelized cost of energy in most of the world. They found that the combination of bifacial products with dual-axis trackers is still too expensive, despite the higher yield. The second-lowest LCOE is offered by monofacial single-axis tracker plants.

The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.

Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.

The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.

According to a new report from the International Energy Agency (IEA), health risks from lead in crystalline silicon PV panels are one order of magnitude — or about one-tenth — below the risk levels set by the U.S. Environmental Protection Agency.

Australia has certainly demonstrated its appetite for solar power. Now, with the average lifespan of a solar panel being approximately 20 years, many installations from the early 2000’s are set to reach end-of-life. Will they end up in landfill or be recycled? The cost of recycling is higher than landfill, and the value of recovered materials is smaller than the original, so there’s limited interest in recycling. But given the presence of heavy metals, such as lead and tin, if waste is managed poorly, we’re on track for another recycling crisis. A potential time bomb could present itself as an opportunity, however, if the global EV industry showed an interest in the recovered solar products.

The e-commerce giant will add a second utility-scale PV project to its renewables portfolio in Australia as it seeks to offset its local carbon footprint.

In a world-first, perovskite solar cells developed by Australian scientists have passed a series of heat and humidity tests using a low-cost solution to overcome some of the challenges that are hindering the technology’s commercialization. The scientists did this by suppressing the decomposition of the perovskite cells using a simple, low-cost polymer-glass blanket.

According to a new report by Bloomberg New Energy Finance, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.