The top 20 module suppliers to the solar photovoltaic (PV) industry are guiding an increase in annual shipments of more than 30 percent in 2014, according to the latest NPD Solarbuzz Module Tracker Quarterly report. Leading Chinese module suppliers Trina Solar, Canadian Solar, ReneSola and Jinko Solar are forecasting the most aggressive growth in shipments during 2014, with the upper-end of guidance exceeding 40 percent. "The top-20 module suppliers to the PV industry account for two-thirds of global shipments, and they provide the leading indicators of industry growth and pricing trends," noted Ray Lian, senior analyst at NPD Solarbuzz. "Assuming the leading suppliers achieve the forecasted growth rates, end-market demand in 2014 will approach 50 gigawatts." Yingli Green Energy is forecasting the highest shipment volume in 2014, with the upper end of shipments at 4.2 gigawatts (GW). This shipment level would result in Yingli Green Energy heading the annual shipment rankings for PV suppliers for the third consecutive year. Leading Japanese silicon-based PV module suppliers, Sharp Solar and Kyocera, are forecasting a 15 percent increase in shipments in 2014, reflecting continued strength in the Japanese solar PV market. Sharp Solar and Kyocera command strong market shares, within their domestic markets.
Tesla Motors CEO Elon Musk said Wednesday that the world will need to build several lithium-ion battery factories to meet a "quasi-infinite demand for energy storage." Speaking at the World Energy Innovation Forum, Musk said Tesla Motors alone needs its planned $5 billion lithium battery factory to continue the company's rapid growth. Without the proposed "gigafactory" the electric-car maker would lack the batteries it needs to ramp up car production and introduce new models, he said. "We're building the gigafactory because we can't think of any other way to scale," Musk told the energy forum at the company's factory in Fremont. "We either hit the sides of the Petri dish, or we build a bigger Petri dish." The forum, which focused on market-transforming ideas in energy, took place in a corner of the sprawling auto plant where Tesla makes its second car model, the Model S. The proposed gigafactory would double worldwide production of lithium-ion batteries, which could help lower battery production costs 30 percent just in its first year of full-scale operation. Tesla hopes to use those savings to create its $35,000 Gen 3 car, the company's first car aimed at the middle class.
The U.S. now has an installed wind capacity of 61,327 MW. There are over 13,000 MW currently under construction, an industry record.
We are preparing our students for the careers of today and tomorrow. It may seem controversial to say but the truth is not everyone needs a college degree.
Until the throughput at these stations increases with automakers rollout of their FCEVs in larger amounts, the state's subsidies and funding support are crucial and have helped make California an example to the world on how to move forward towards a cleaner transportation future.
In total, the site connected 5 systems to 5 meters in order to generate over 85% of the net energy needed by the course.
Though silicon cells dominate the current chapter of the solar power industry, the efficiency and cost effectiveness of thin film cells will surely succeed in the times to come to build a better environment, while fulfilling the energy needs of the consumers and industry.
The HDPV™ Alliance brings solar industry equipment manufacturers and solution providers together around a common vision for the development and adoption of lower cost and higher performance PV systems.
Demand for solar energy is heating up across the United States, and the nation's military is becoming one of the sector's major customers. The Department of Defense wants renewable energy to make up at least one quarter of its total energy use by 2025, and solar energy is squarely within its sights. The Military just recently began construction of a solar power plant at Fort Huachuca in Arizona, where solar panels will be installed over 68 acres, constituting the largest solar array of any military base in the U.S. According to the commanding general of the base, Maj. Gen. Robert Ashley, the project reflects the military's commitment to energy security. Whether it be engaged in disaster relief, humanitarian missions or in military operations, the military needs reliable energy that is "off the grid," since public electrical utilities are vulnerable to adverse weather conditions and potential sabotage. The military also needs to be ready for possible disruptions to the oil supply, which could cripple it and the nation's economy. Such risks to national security are turning the armed forces into a vast laboratory for the development of solar technology and the creation of "net-zero" environments, where energy consumption equals the energy created on-site. The military already used solar arrays at fixed-site locations in Afghanistan. By moving to solar power, the military could also avoid the high costs of transporting gasoline to remote areas of the world. In the past, moving gasoline to bases in Afghanistan could cost up to $400 per gallon.
The Obama administration has announced funding for three offshore wind power projects off the New Jersey, Oregon and Virginia coastlines. The administration has pledged up to $47 million for each project to bring a total of 67 megawatts (MW) of green power online. The price tag for all this green power: a staggering $11.75 million per wind turbine. In terms of energy, the twelve offshore wind turbines will cost $2.1 million per MW. But the high price tag has not deterred the Obama administration from funding the costly wind projects. “Offshore wind offers a large, untapped energy resource for the United States that can create thousands of manufacturing, construction and supply chain jobs across the country and drive billions of dollars in local economic investment,” said Energy Secretary Ernest Moniz. According to Windustry, a utility scale wind turbine cost from $1.3 million to $2.2 million per MW. Most “commercial-scale turbines installed today are 2 MW in size and cost roughly $3-$4 million installed.” The Energy Information Administration (EIA) says that the costs of offshore wind power are still high at $204 per megwatthour (MWh) — compared with the costs of onshore wind power at $80 per MWh.
The Idaho couple who created an innovative road surface made of solar panels is back with a prototype, and they’re looking to Indiegogo for additional funding. Scott and Julie Brusaw want to replace traditional asphalt and concrete with impact-resistant solar panels that do double duty as a road surface and an energy source. When the solar roadway concept debuted in 2010, it caught the interest of futurists and government officials. Now the Brusaws have a working prototype covering a 12- by 36-foot parking lot outside the couple’s electronics lab in Idaho. The new panels look quite different from the prototype we saw almost four years ago. The latest design is hexagonal, which allows for better coverage on curves and hills. They’re also heated for easier snow and ice removal, and include LEDs that can display road markings or even messages. According to the Brusaws, the new glass-covered panels have been tested for traction and impact resistance, and can sustain a 250,000-pound load. They’ve even got a video of a tractor driving over the parking lot prototype. This is also the first time the panels have been subjected to real-world road conditions, and the parking lot includes a dedicated channel for drainage and utilities. Up until this point, the project has been financed through a $50,000 private grant and two phases of funding from the Federal Highway Administration. Now, the Brusaws have launched an Indiegogo campaign to raise $1 million for commercialization of their prototypes.
US Wind power's role in addressing climate change and renewable portfolio standards were major themes at today's opening session of the American Wind Energy Association (AWEA)'s annual conference in Las Vegas. The industry has "huge potential" under the US Environmental Protection Agency (EPA)’s new proposed regulations on emissions from existing power plants, said Tom Kiernan, CEO of AWEA, at Windpower 2014. EPA’s proposed regulations will be unveiled next month, and finalised in June of 2015, Shaun McGrath, administrator of the agency’s Region 8, told the conference. EPA is part of the Obama administration, which has vowed to slash carbon emissions. Wind is currently at a "crossroads", added AWEA’s Kiernan. Next week, an extension of the valuable production tax credit may reach the Senate floor, he noted. And he reiterated the lobbying group’s long-time demand - that wind needs policy stability.
In a breakthrough, scientists have developed a new low cost, efficient and environment-friendly solar cell that uses tin instead of the hazardous lead. Researchers from Northwestern University are among the first to create a solar cell that uses a structure called perovskite, with tin as the light-absorbing material instead of lead. "Exculding the use of lead is a quantum leap in the process of creating a very promising type of solar cell called a perovskite," said Mercouri G Kanatzidis, an inorganic chemist with expertise in dealing with tin. "Tin is a very viable material, and we have shown that it works as an efficient solar cell," said Kanatzidis. Lead perovskite has achieved 15 per cent efficiency and tin perovskite should be able to match - and possibly surpass - this level of efficiency, researchers said. Perovskite solar cells are being touted as the "next big thing in photovoltaics" and have reenergised the field.
Finance experts expect more initial public offerings (IPO) in the wind energy sector in 2014 after a year in which half a dozen companies on both sides of the Atlantic successfully raised nearly $2.3 billion by tapping the public equity markets. "It is hard to really predict how many will come out of the gate and actually get done. But there are 10-20 companies out there working on it, wondering if this is good source of low-cost capital for them and if they have what it takes to make a placement like this," says Michael Eckhart, global head of environmental finance with Citigroup. British fund Greencoat UK Wind started a wave of IPOs in March 2013, raising £260 million ($433 million). NRG Yield in the US and the Renewables Infrastructure Group (TRIG) in the UK followed in July with offerings of $431 million and £300 million, respectively. Canada's TransAlta Renewables completed a C$221 million (US$200 million) share sale in August, California-based Pattern Energy raised $352 million in October, and the UK's Infinis rounded up the year with a £234 million share sale in November.
Lincoln International's Renewable Energy Group is pleased to present the latest Q1 2014 Solar Energy Stock Index Report, which tracks relevant solar company metrics in this growing industry.
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