The price of Chinese-made solar panels delivered to the U.S. could increase by up to 20% by the end of the year, GTM Research said Thursday.
Chinese-made modules are significantly cheaper than those made in other areas, and GTM Research estimated they were 55% of total modules shipped to the U.S. last year.
Chinese firms are quoting modules at 80 cents to 85 cents per watt for delivery in the second half of the year, compared to 70 cents per watt at the end of 2013, the report said.
The ongoing U.S.-China trade case is the "primary driver" behind the price increase, the report said.
More duties on Chinese and Taiwanese solar modules would push up U.S. pricing beyond current levels, as the firms would pass on tariff-induced penalties onto customers or contract out cell and module production to vendors based in higher-cost countries such as India, South Korea, and Malaysia, GTM Research said.
Sixty years ago on April 25, 1954, Bell Laboratories demonstrated to the world one of the most significant breakthroughs ever recorded in the history of solar energy and of electricity – the first solar cell capable of converting enough sunlight into electricity to generate useful amounts of power. The press watched in awe as light poured on the first watt of silicon to run a 21 inch Ferris wheel. The next day the New York Times stated on its front page that the Bell invention marked “the beginning of a new era, eventually leading to the realization of one of mankind’s most cherished dreams – the harnessing of the almost limitless energy of the sun for the uses of civilization.”
At the time of the Bell announcement, all the solar cells in the world delivered about one watt. Today, more than 100 billion watts of generating capacity of photovoltaics have been installed worldwide. This year not only marks the 60th anniversary of the solar cell, but also the beginning of reaching the Holy Grail that had previously been only a dream of solar scientists – entering the Era of Grid Parity, when solar panels generate power at costs equal to or less than electricity produced by fossil and nuclear fuels. With the phenomenal growth of solar technology in the last several years and its future looking even brighter, the time is ripe to celebrate the founding of a technology that led Science magazine almost forty years ago to declare, “If there is a dream solar technology, it is photovoltaics solar cells … a spaceage electronic marvel at once the most sophisticated solar technology and the simplest, most environmentally benign source of electricity yet conceived."
New solar photovoltaic (PV) demand added during the first quarter of 2014 exceeded 9 gigawatts (GW), which was 35 percent more than the previous first-quarter record, set last year. In fact, every quarter in 2014 is forecast to reach new highs, with trailing 12-month demand at the end of Q1 2015 forecast to exceed 50 GW for the first time, according to findings in the latest NPD Solarbuzz Quarterly report.
The global clean-energy picture for 2013 was a classic good news-bad news story, according to the Clean Energy Trends 2014 report issued today by clean-tech research and advisory firm Clean Edge, Inc. The industry saw dazzling growth, success, and rising stock prices in some sectors – most notably solar photovoltaic (PV) deployment – but downward trends and policy and finance hurdles in others.
Last year also marked a significant transition in the history of clean energy: for the first time since Clean Edge began tracking global markets in 2000, the world installed more new solar PV generating capacity, 36.5 gigawatts, than wind power (35.5 GW). Record levels of new solar deployment in China, Japan, and the U.S. combined with a down year in the wind industry to create this unprecedented crossover.
The global solar market's continued double-digit growth of 15 percent, plus a modest uptick in biofuels' market size, was not enough to overcome the wind industry's lackluster performance. As a result, combined global revenue for solar PV, wind power, and biofuels held nearly steady at $247.6 billion, down just slightly from $248.7 billion in 2012.
The full Clean Energy Trends 2014 report can be downloaded for free at www.cleanedge.com.
Siemens is investing more than EUR190 million (GBP160 million) in new offshore production facilities in Great Britain. Production of rotor blades for offshore wind turbines of the 6-megawatt class is planned, with a new logistics- and service centre slated for Hull. The British Prime Minister David Cameron and Michael Suess, member of the managing board of Siemens AG and CEO of the Energy Sector will reaffirm their common dedication to these projects this afternoon in Hull.
The offshore wind market in Great Britain has high growth rates, with an even greater potential for the future. Wind power capacity has doubled here within two years, to roughly 10 gigawatts. By 2020, a capacity of 14 gigawatts is to be installed at sea alone to combine the country's environmental objectives with secure power supply. Projects for just over 40 gigawatts are currently in the long-term planning.
Chinese wind-power stocks, once given up for dead in the investor doldrums, have roared back to life in recent weeks on expectations of government support for the renewable energy sector and overseas demand.
Investors are betting on future Chinese government policy directives and subsidies that boost profits for manufacturers of wind power turbines, gearboxes, blades, towers and transmission equipment.
They're also betting that multinational wind energy companies such as Vestas, Siemens,General Electric and Senvion will step up orders for the Chinese-made equipment and parts that are used to build offshore and onshore wind energy farms worldwide.
Contractors building big wind farms, particularly those off the European coast, often buy lower-rung products such as steel towers from China. And tower fabricators such as China's Titan Wind (002531:Shenzhen) are making good money on that demand.
Shenzhen-listed Titan, which is only nine years old and listed in 2010, has seen its stock value climb 55% since the beginning of the year. The company has gotten major contracts from Vestas and GE. And it's currently planning to build a factory in India to complement existing plants in China and Denmark.
Airplane pilots reported that they were blinded by the intense sunlight reflecting off some of the 340,000 mirrors at the Ivanpah Solar Electric Generating System on the California-Nevada border. Yet six months elapsed before their reports reached the regulator that oversees the plant, which is located near the Las Vegas airport.
Planes fly far too high to be affected by the heat—but by not the light. “From the pilot’s seat of my aircraft the brightness was like looking into the sun,” reported one pilot as his small plane climbed from 6,000 to 12,000 feet after taking off from the Boulder City, Nevada, airport. In a report he filed with the Aviation Safety Reporting System (ASRS), the pilot wrote that, “In my opinion the reflection from these mirrors was a hazard to flight because for a brief time I could not scan the sky in that direction to look for other aircraft.”
“What if you could scoop the air? Scoop it and move it downward, amplifying its kinetic energy along the way, concentrate it to a single point of intensity, the way a magnifying glass concentrates sunlight to a single incendiary point?”
Dr. Daryoush Allaei, an engineer and founder of Sheerwind, an innovative wind power company, is concentrating his unique thought process on harnessing wind energy in new ways.
“And assuming you could do this technically, could you do it on a large enough scale to make it economically feasible?” Allaei writes in his company description. “More to the point, could you generate energy so inexpensively that it stages a renaissance?”
Sheerwind is pushing the boundaries of wind power innovation with its bladeless wind turbine, called INVELOX. The turbines funnel wind into ground-level generators through a tapering passageway that squeezes and accelerates the air. The units are about half as tall as traditional wind towers, which rise up to 260 feet into the air, and the ground-based turbine blades are more than 80 percent smaller than conventional wind turbine blades, which are about 115-feet long. The device resembles a giant gramophone that sucks in wind instead of blurting out sound. Cont'd..
Less than 24 hours after Oakland-based Mosaic allowed crowdfunding campaigns in January 2013 in which investors could pitch as little as $25, they raised enough money to fund four clean energy projects in California for affordable housing projects. More than 400 investors raised $313,000. The investors, on average, paid about $670 each.
Last week, Mosaic launched a new platform on their site, allowing people to finance solar arrays on homes, in addition to the commercial projects already being funded. Since its initial launch in 2010, company has raised more than $7 million in investments through crowdfunding with a 100 percent payback rate. In its seed rounds, Mosaic raised $3.4 million from venture capitalists. In 2012, Mosaic received a $2 million grant from the Department of Energy.
The biggest project to date is installing solar panels on 1,500 military homes in Fort Dix, New Jersey. Another successful project included installing a solar roof on Pinnacle Charter School in Denver, Colorado, which doubled as clean energy education for the students. Full Article.
Solar power production hit a new record of 4,093 megawatts on Saturday, March 8, 2014. The previous record was 3,926 megawatts (MW) set the previous day on March 7. Electricity generated from solar has more than doubled from June 7, 2013 when the ISO recorded 2,071 MW of peak production — and output has more than quadrupled from the summer of 2012. The new record generation can instantaneously power about 3 million homes.
"This shows that California is making remarkable progress in not only getting new resources approved and connected to the grid, but making meaningful contributions in keeping the lights on as well," says Steve Berberich, ISO President and Chief Executive Officer. "The milestones illustrate that we are well into a new era when clean, renewable energy is shouldering its share of our electricity needs — and that is exciting."
At the European Wind Energy Association's annual conference, GE) announced its 2.75-120 wind turbine, a smarter, more powerful turbine. Part of GE's brilliant wind platform, the 2.75-120 provides 5 percent more annual energy production than GE's 2.5-120 model and is available with various tower technologies, ranging between 85-139 meters, and optional energy storage.
"As we accelerate our platform's growth in Europe, we will continue to invest in technology such as the 2.75-120's flexible tower and other energy storage options, making GE's wind turbines more customizable for developers and operators," said Cliff Harris, general manager of GE's renewable energy business in Europe.
The 2.75-120 is available on a steel, hybrid or space frame tower, helping to tailor the turbine for unique site conditions and bring wind power to new places across the continent. The range of tower height spans 85-139 meters tall.
Short-term or long-term energy storage is available with the 2.75-120, making wind power more predictable, flexible and fast responding through battery software applications. Short-term storage is integrated at the turbine level and long-term storage is centralized for the wind farm. These options further customize GE's offering based on-site or operator needs.
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