SPONSORED: In the last decade, the PV market has gone through some incredible transformations. SolarEdge's Lior Handelsman argues that one new shift could be the use of module-level power electronics for utility-scale solar plants.
Indian solar tariffs have matched their lowest ever in the most recent 2GW and 3GW auctions for Interstate Transmission System (ISTS)-connected projects. Payal Saxena and Ali Imran Naqvi of advisory and engineering firm Gensol Group, decipher how such low prices are possible.
Advisory and certification house DNV GL is supporting Turkish plans to source 30% of total electricity generated in the country from renewable sources, carrying out a feasibility study for combinations of solar PV and energy storage.
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.
The estimated PV system installation capacity in 2016 was ~70GW worldwide , as shown in Fig. 1. In fact, the production volume in 2015 was around 200 times that in 2000, with a compound annual growth rate (CAGR) of over 40%. It has recently been noted that as the PV industry matures, the mindset is changing from $/W to $/kWh. While $/W is still a major driving force, the significance of other factors that influence the cost of energy must also be considered. In this regard, PV development is entering the era of $/kWh-oriented optimization.
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.