HeliosLite has developed a disruptive PV tracker based on a patent pending 1.5 axis kinetic capturing more energy than 1 axis horizontal trackers without sacrificing cost effectiveness. This disruptive PV tracking solution boasts higher energy output than 1 axis horizontal trackers and is said to bring cost-effective tracking to decentralized PV plants.
BP has modelled for solar in the US to deploy at levelised costs of around US5¢/kWh by 2040, despite solar already hitting those prices in much of the country.
Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
The levelised cost of rooftop and large-scale solar PV continued to rapidly decline in 2016, financial advisory and asset management firm Lazard has said.
Solar PV manufacturers have been flooding into Malaysia, but its domestic solar deployment remains relatively modest. PV Tech caught up with Catherine Ridu, chief executive officer of the Malaysia Sustainable Development Authority (SEDA), to discuss the newly-launched net metering programme and what other policies could encourage solar deployment, as well as how to leverage the manufacturing boom for domestic solar gains.
Despite regulatory ambiguities, the general consensus from industry stakeholders at this year’s Solar Energy UK | Clean Energy Live exhibition is that Africa’s solar sector is ripe for new entrants, posing a significant opportunity that should not be missed.
Solar ranks lowest in terms of projected Capital Expenditure (CAPEX) for electricity generating technologies in 2030, according to the National Renewable Energy Laboratory’s 2016 Annual Technology Baseline (ATB).
PV manufacturing capacity expansions planned this year are expected to push production levels beyond anticipated demand in 2016, creating further cost pressures for suppliers.
