The overall price of solar module continues its downward trend with limited scope. As the market is still struggling with oversupply, limited trade volumes have been seen after the holiday season in Europe and America as companies are still planning the year ahead at the start of 2017, resulting in a minor price decline in EU and US. Meanwhile, the price in Japan, India, and China remained firm this week due to relatively decent demand in the region. Furthermore, after the sharp decline last quarter, the overall price adjustment has slowed down due to weak dollar and slowing price competition in the global market, but the pressure resulting from oversupply still exists. Thus, the overall solar module prices drop slightly this week.
AES Distributed Energy and KIUC Announce Plan to Construct Innovative Renewable Peaker Plant in Kauaʻi Utilizing a Hybrid Solar and Energy Storage System
The system will be located on former sugar land between Lāwaʻi and Kōloa on Kauaʻi's south shore. It will be the largest solar-plus-utility-scale-battery system in the state of Hawaiʻi and one of the biggest storage systems in the world.
In response to increasing demand for operations and asset management services, Natural Power has announced the appointment of Julius Carter as Head of Operations and Asset Management in North America.
Total Corporate Funding in Solar Sector Comes in at $9.1 Billion in 2016, Reports Mercom Capital Group
$4.9 Billion Raised by Residential and Commercial Solar Funds, VC Funding Reaches $1.3 Billion
The good news is that the clean energy genie is out of the bottle for good. Markets must reflect the new reality of low-cost clean energy and clean energy policy preferences.
Developing a successful business model that could deliver off-grid power will require addressing challenges unique to the population, an Oregon State University researcher concluded in a study published recently in Renewable and Sustainable Energy Reviews.
"Ten K's PV systems are a strong investment due to their reliability and energy density," said Greg Saunders, CleanFund's CEO. "Offering our SolarPACETM product to Ten K's customers is exciting to us and to commercial building owners who will gain access to this highly advanced PV system technology."
GermanSolar USA Introduces Its Leading High-Quality 300W-60cell PV Panel GermanSolar with the Newest PERC Cell-Technology
Leading High-Quality 300W-60cell PV Panel GermanSolar with the Newest PERC Cell-Technology. GermanSolar with Quality Value Made for America
New DOE reports: Enhanced national security, billions a year for consumers, possible with improved transmission infrastructure
Following DOE's second installment of the Quadrennial Energy Review (QER) released last Friday, the lesser-noticed DOE study released today reinforces the QER's findings by putting hard numbers on the benefits new transmission provides American consumers.
Solar Energy is now far cheaper that both oil, natural gas and coal for power production and as a clean and renewable energy source should be used extensively throughout America when possible.
Abigail Ross Hopper has been named president and chief executive officer of the Solar Energy Industries Association (SEIA) and will start Jan. 17.
Jessica Shankleman and Chris Martin for Bloomberg: Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere. In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power. Now, Saudi Arabia, Jordan and Mexico are planning auctions and tenders for this year, aiming to drop prices even further. Taking advantage: Companies such as Italy’s Enel SpA and Dublin’s Mainstream Renewable Power, who gained experienced in Europe and now seek new markets abroad as subsidies dry up at home. Since 2009, solar prices are down 62 percent, with every part of the supply chain trimming costs. That’s help cut risk premiums on bank loans, and pushed manufacturing capacity to record levels. By 2025, solar may be cheaper than using coal on average globally, according to Bloomberg New Energy Finance. Cont'd...
Russell Seifert, founder and chief executive officer of Creative Solar USA, is the first to admit that he's a tough sell. "I deal with engineers all the time, and I know that change can be hard when you have a set way of doing things," he conceded.
Solar module prices continue to drop this week, but the scope is relatively limited in comparison to previous weeks. Although solar panel sectors continue to struggle with oversupply, the thinning trading in EU and US during holiday season, the stabilized solar panel prices in China, and the tempered pace of strong dollar have all resulted to a limited drop of module prices this week. Because the solar panel prices in EU and US had experienced sharp reduction, due to the fierce competition before the year-end of 2016, the descent of solar panel prices in these regions have seem to be relieved temporarily this week. Moreover, although solar panel prices in these regions remain depressed, a lull in trading from the holidays has led the prices to be less volatile. Meanwhile, solar panel prices in China remain firm this week thanks to the solid domestic demand.
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