Even though monkeys were allegedly wreaking havoc on India’s solar rooftop systems last year, 2016 was remarkable for the Indian PV sector. With solar taking 1% the nation’s electricity share and India set to become the world’s third largest market in 2017 , Bloomberg New Energy Finance has proclaimed that ‘solar is king of Indian renewables’. Add the completion of the world’s largest solar plant to these accolades and you have a good indicator of the South Asian giant’s ambitions. Even India’s biggest oil, steel and mining companies are getting on board the solar rush.
Tariffs for utility-scale solar power in India are expected to go below the four rupee (US$0.059) mark next year, which would be a “radical moment” for India’s entire power sector, according to consultancy firm Bridge to India.
Through its Corporate Clean Energy Universe, market researcher Clean Edge is tracking the 37 US corporations leading the way on low-carbon and renewable energy adoption. Its managing director, Ron
Pernick, tells Ben Willis of his hopes that a second wave of smaller companies will follow their lead as new green energy business models hit the mainstream.
Sandfire Resources, a mid-tier Australian mining company that operates the mine, called on developers to co-locate not only a solar power plant, but also a utilityscale energy storage system alongside its existing diesel power station. Showcasing the latest technological advances, the newly completed project in the Peak Hill Mineral Field has been hailed as one of the largest renewable energy systems installed at a mine anywhere in the world and certainly the largest in Australia.
After a series of hammer blows, and against the backdrop of Brexit uncertainty, the UK solar industry appears to have found some joy offering long-term contracts and self-consumption systems to commercial clients, a sector it had previously found hardest to crack, writes John Parnell.
Community solar is emerging as a promising new source of demand in the US, opening up access to solar among previously excluded groups. John Parnell reports on the prospects for a new market segment whose time seems to have come.
In this quarterly report of global PV manufacturing capacity expansion announcements in the first half of 2016, key analysis is given on the continued high level of activity through the second quarter of the year. This report also includes a new bottom-up analysis of ‘effective’ capacity expansions since the beginning of 2014 to provide a better and more accurate assessment of the current manufacturing environment.