A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.
The current developer-EPC model has increasingly turned to focus on quality over a two-year horizon. This contrasts with long-term owners who are focused on quality over the lifetime of their projects (20 to 40 years). With long-term owners now buying projects in the pre-construction phase, the current model looks set for disruption. Olivier Crepon, managing director at Skyray Engineering, reviews the emerging model of project development and explains how it will impact developers, EPCs, and third-party services and ultimately lead to a stronger, more mature PV sector.
Use of the term “circular economy” is growing in virtually every industry worldwide – solar included. As noted throughout Q3, in the UP initiative’s focus on circular manufacturing, work is already underway to integrate circular principles into all areas of business, from internal operations and supply chain management to manufacturing and installations. In a recent analysis of PV recycling, BloombergNEF detailed six conclusions for the solar industry and those who are trying to make it more circular. Cecilia L’Ecluse, solar associate, and Julia Attwood, head of advanced materials at BloombergNEF share these conclusions as part of our quarterly theme on PV module recycling.
According to a new report by BloombergNEF, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.
New analysis released by Lazard compares the levelized cost of energy for various generation technologies on a $/MWh basis and shows that renewables, specifically utility-scale solar and wind, are the economic frontrunners.
A new report by Wood Mackenzie suggests that rapid solar module technology innovations in the next decade will lead to significant increases in module power class, better performance and more versatile applications. Technology and lower capex will be key to sector growth, it adds.
The latest edition of the Global Off-grid Solar Market Report by the World Bank and GOGLA has called for regulatory and financial support to help off-grid distributors create jobs lost to the Covid-19 pandemic.
The U.S. president issued a proclamation on Oct. 10 that cites the impact of imported bifacial panels on U.S. solar manufacturing, while also raising the scheduled fourth-year tariff rate from 15% to 18%.
The New Delhi-based developer is planning a 50 MW plant after the 100 MW facility originally proposed was stymied by the power evacuation equipment available at the Khulna site.