World

Bloomberg New Energy Finance has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries from now to 2040. The research company sees Australia among nine markets that will be driving this trend, as the economic case for batteries becomes unstoppable.

The inverter maker took number one spot in the United States from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamesa and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.

The World Bank says global operational floating PV capacity has topped 1.1 GW, noting that adding floating solar to hydropower plants improves their flexibility while increasing energy yields. According to the latest WB report, Australia and Oceania have potential for 5 GW of floating solar on freshwater man-made reservoirs under conservative assumptions, and up to 50 GW under the most favorable scenario.

In a joint effort with Kia Motors, Hyundai Motors is developing solar roofs and bodies for its EVs, hybrids and ICE vehicles to provide additional charging capacity. Depending on solar irradiation levels, the technology could provide 30-60% battery charge per day, the manufacturer says.

The PV maker’s quarterly results show not only the ramping of its Series 6 production at a third location, but also bookings that continuing to climb, with 11.3 GW of modules now under contract.

On October 25, pv magazine will host a webinar, powered by JinkoSolar, in which the China-based manufacturer will present the case for using bifacial modules in large-scale solar plants, and discuss the influencing factors and their impact on bifacial PV tracking. In the following Q&A, JinkoSolar’s Andrea Viaro, Head of Technical Service Europe, JinkoSolar, and Colin Caufield, VP of Sales North America, Soltec provide a sneak peak into the technology and the advantages tracking can bring to bifacial technology.

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?

Analysts at Taiwan-based EnergyTrend and China’s PV Infolink have reported a further increase in demand for monocrystalline solar cells and modules in recent days. Their respective analyses on multi-crystalline products, however, do not match.

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.

The World Energy Council, in partnership with PwC, has interviewed 39 top level management energy leaders to find out if blockchain is driving an evolution or a revolution in the energy ecosystem.