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SEG Solar signs land deal to make solar cells, wafers, modules in Indonesia

SEG Solar has secured a land-use agreement for a solar-focused manufacturing site in an industrial zone on the Indonesian island of Java. The $500 million plan will involve the production of 5 GW of silicon wafers, 5 GW of solar cells, and 5 GW of PV modules.

Covid-19 pandemic puts 150 GW of PV, wind at risk in Asia

Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.

The long read: South Korea’s burning issue

The string of fires that shook up South Korea’s booming energy storage market throughout 2018 brought development to a screeching halt this year. Throughout the lackluster first half of 2019, manufacturers, installers and analysts remained cautiously hopeful that a government investigation into the fires might plant the seed for late-year market growth. However, another outbreak of fires in the months since the conclusion of the probe has shaken industry morale once again, snuffing out any lingering hopes for a quick recovery.

The long read: China’s battery boom

The global energy storage market is poised to grow rapidly in the coming years, with Bloomberg New Energy Finance (BNEF) predicting $620 billion in investment over the next two decades will push cumulative global installations to 942 GW/2,857 GWh by 2040. Declining lithium-ion battery costs are driving much of this growth, with BNEF expecting the cost of utility-scale storage systems to fall roughly 52% through 2030, following an approximate 80% slide in the average price of lithium-ion battery packs in the first seven years of the current decade.

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PV+storage opportunity looms in Asia-Pacific region: WoodMac

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.

EVs may account for more than half of global car sales by 2040: BNEF

Electric vehicles could account for more than half of all passenger cars and buses sold throughout the world within the next two decades, according to a new report by BloombergNEF. Sliding lithium-ion battery costs will make EVs cheaper than vehicles based on internal combustion engines by the mid- to late-2020s, the research firm says.

The long read: A burning issue

Deployment of lithium-ion battery storage systems is growing rapidly, with Wood Mackenzie recently predicting that the U.S. market alone could be worth $4.7 billion within the next five years. Demand is rising for both grid-scale and behind-the-meter applications in a number of markets throughout the world, particularly in East Asia, the global hub of lithium-ion battery production. But a recent string of fires in South Korea – one of the world’s biggest markets for stationary storage, thanks to a concerted government push – has rekindled smoldering concerns about safety.

The long read: A burning issue

Deployment of lithium-ion battery storage systems is growing rapidly, with Wood Mackenzie recently predicting that the U.S. market alone could be worth $4.7 billion within the next five years. Demand is rising for both grid-scale and behind-the-meter applications in a number of markets throughout the world, particularly in East Asia, the global hub of lithium-ion battery production. But a recent string of fires in South Korea – one of the world’s biggest markets for stationary storage, thanks to a concerted government push – has rekindled smoldering concerns about safety.

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Petronas jumps into PV market with Amplus acquisition

The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.

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Sharp launches three new mono-PERC modules with 19.1% efficiency

Sharp has released three new high-efficiency mono-PERC solar panels. Ranging from 300 W to 370 W, the five-busbar modules are designed for use in a range of applications, from residential PV projects to large commercial installations.

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