Australia’s energy company chiefs have warned the sharply rising levels of rooftop and grid-level solar power will force difficult discussions as Australia reaches a solar peak.
A solar solution that can be installed in a day has launched in Malaysia, a country that aims to produce 20 per cent of its energy from renewable sources by 2025.
India’s Supreme Court has cancelled the Orissa High Court’s interim stay on the safeguard duty imposed on imports of cells and modules from China, Malaysia and developed countries.
The first wave of public listed China-based, China centric PV manufacturers reporting first half year financial results offers insight into the impact on companies after the Chinese Government capped utility-scale and distributed generation (DG) PV power plant projects at the end of May, 2018.
The top-5 module suppliers to the PV industry shipped more than 20GW of modules during the first half of 2018, representing Y/Y growth of 10%.
Smaller companies are finding it increasingly difficult to enter the Indian large-scale solar market and partake in the multi-gigawatts of competitive auctions for PV capacity.
India reached 23,877MW of total solar deployment as of 31 July this year, according to the latest figures released by the Ministry of New and Renewable Energy (MNRE).
First it was the news that one terawatt of renewable energy was achieved in 2017 and now global solar capacity is expected to pass the one terawatt mark by 2023.
China’s National Energy Administration, the National Development and Reform Commission and the Ministry of Finance have recently released new guidelines for the country’s renewable energy targets. In this directive, China has terminated approvals for new subsidized utility-scale PV power stations.
Solar panels were already getting cheaper this year, and then China pulled the plug this month on about 20 GW of domestic installations. The result was a glut of global inventories, and now prices are plunging even faster.
Read more: https://www.renewableenergyworld.com/articles/2018/06/chinas-domination-of-the-pv-industry-veni-vidi-vici.html?cmpid=enl_rew_renewable_energy_news_2018-06-13&pwhid=ebc9e9bffe02e928e32e6140425c2a5611c4f3b7c214b2e0db1ff39b75a5445470010376017b886fbf5905497849e6e4545d341b9f655f91cd437b9fc13efbdb&eid=410075336&bid=2136827
No sooner than all of the huge exhibition stands at SNEC 2018 were dismantled last Thursday, China’s regulatory organisations overseeing the solar industry, instigated new policies Friday that could have a similar effect on the utility-scale and distributed generation (DG) markets in the country.
The global smart solar market is expected to grow at a healthy rate throughout the forecast period. The rising investments in the smart energy market and the reduction in solar PV cost are some of the factors that are projected to fuel the growth of the market in the near future.