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Energy transition faces global headwinds despite solar and storage boom

October 10, 2024
DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.
A floating solar project.
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Taking floating offshore solar from proven concept to commercial reality

September 4, 2024
The idea of stationing PV systems at sea is rapidly gaining traction as an exciting new opportunity for the industry.
India_transmission_credit_Tom_Kenning_

DNV: Global grid capacity needs to grow 2.5 times by 2050

June 19, 2024
Global grid capacity needs to grow 2.5 times its current size, and annual expenditure on grids must more than double to US$970 billion by 2050, according to a new report from DNV.
A Trina Solar project in China.

DNV: China to more than quintuple renewable energy installations by 2050, with solar capacity to reach 5.5TW

April 24, 2024
DNV forecasts that China will more than quintuple its renewable energy installations by 2050 in its latest report.
A solar facility in the US state of Massachusetts. Credit: Greg M. Cooper via Borrego Solar and SEIA

DNV: Solar PV’s LCOE to halve by 2050

October 11, 2023
The levelised cost of energy for solar PV will drop to US$21/MWh by 2050, according to DNV's Energy Transition Outlook 2030.
EDF's Desert Harvest solar projects in California started commercial operations in December 2020. Image: EDF Renewables North America.

North America has US$12 trillion on the table for renewables generation and grids – DNV

September 27, 2023
North America will spend a cumulative US$12 trillion on renewable energy generation and its transmission by 2050, according to Norwegian-headquartered consultancy firm DNV.
Image: SolarDuck.
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Floating solar can play a role in some EU countries’ energy transition

August 25, 2023
Although the floating solar market is expanding, the top 10 countries that will have more than 500MW of cumulative floating solar installations by 2031 are entirely from Asia.
The Radian project was part of Intersect Power's near-term 2.2GW solar PV portfolio to be completed this year. Image: Intersect Power.
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Solar-plus-storage is going to be very important to the energy transition over next five years

July 25, 2023
With solar-plus-storage project development increasing across the globe, PV Tech looked at its current challenges and advantages.
The image shows Oceans of Energy's 0.5MW offshore solar project in the North Sea.

Netherlands renewables tender pushes offshore solar forward

June 15, 2023
As Asia continues to be the key driver for floating solar, in Europe the Netherlands are the ones pushing forward in terms of offshore solar.
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‘Everything is becoming more efficient’: new floating PV construction methods take hold

February 23, 2023
As the floating solar sector becomes more mature, larger projects are being deployed in a range of water bodies, presenting a host of construction challenges. Jonathan Tourino Jacobo talks to project developers about how the latest technology is driving growth.

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