by Dr Peter Harrop, Chairman, IDTechEx
Climatescope: key group of emerging nations builds 18% more renewable capacity than wealthier countries and four in five have now set national clean energy targets
Solar panel prices move notably lower this week, extending the downward trend over the past few weeks. Record capacity expansion, historical low bidding prices and an oversupply situation are intensifying a worldwide competition, which in turn are fueling solar panel price drop. In the US, competition among major module suppliers is getting even more intense as major suppliers strive to secure more orders as to maintain high utilization rates and market shares. Other major solar markets also suffer from similar pattern. In China, even as the demand is relatively solid, solar panel prices are dragged down by depreciation of RMB as well as strategic pricing in efforts to win project tenders. As for India, solar panel prices slump as following the downtrend of the rest of the world regardless of its solid demand growth.
Solar system at the popular Larkspur, CA shopping center to generate approximately $50,000 ($0.94 per square foot) of new revenue per year.
The 750 kW fuel cell system provides 24x7 power at Morgan Stanley's building on Broadway in Times Square
49 MW lithium-ion system in UK will support multiple, market-driven use cases ranging from peaking to frequency regulation / Deal underscores versatility of Younicos solutions
Robust Dealmaking and Investment, Increased Pipeline Safety and Grid Security
APsystems today announced the launch of a new, redesigned version of its Energy Monitoring & Analysis (EMA) website APsystemsEMA.com. The web-based platform, available for free on any connected device, monitors and reports module-level energy production of solar arrays which utilize APsystems inverters and provides that information to homeowners and end users in a convenient and user-friendly format.
America's first offshore wind farm began generating electricity today in the waters near Block Island, Rhode Island, opening a new frontier for American energy production. By continuing to tap into abundant offshore wind resources here at home, more clean, reliable electricity can power American homes and businesses while creating well-paying jobs.
Successful commercialization of breakthrough utility-scale solar thermal technology with integrated molten salt energy storage secures worldwide energy award for SolarReserve
Norwegian start-up company Markedslabben uses FICO Xpress Optimization Suite in algorithm to optimize wind farm layouts and reduce CO2 emissions; company awarded FICO Decisions Award for Analytic Excellence
To Provide Local Content for Company's Existing 390 MW Brazil Pipeline and Growth
Made up of 32,680 photovoltaic panels, the new 10 megawatt facility is the country's first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area
Upsolar (Singapore) Pte. Ltd., a subsidiary of Upsolar, a leading provider of solar PV modules and services, Koine a design company specializing in floating technology, and Upsolar's local installation partner CW, recently deployed a large floating PV system at Tengeh Reservoir in Singapore making it the world's largest floating solar PV test-bed ever to be installed.
Solar panel prices continue to drop this week as suppliers suffer from falling demand in EU and escalated price competition spooked by serious oversupply and unclear political environment. With the demand for PV installations in EU and the US beginning to wane on the advent of holiday season, solar panel prices in these regions continue to descent since only limited transactions are made during the holiday season. In addition, in the US market, competition among module makers remains strong so as to make the further pressures on solar panel prices. In India, the increasing demand could not sustain the prices as major players continue to offer slashed prices in the market in attempts to secure more orders. In China, the price is relatively stable due to solid demand in domestic market, but is dragged down in the dollar term with RMB deprecation. Consequently, exacerbating the problem is oversupply nature, which leaves competition remains fierce in major markets, as module players engage in unprecedented price reduction to secure orders.
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Other Energy Topics - Featured Product
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