Solar panel prices plunge seriously this week, due to the price competition expanding globally. The fragile and uncertain installation backdrop and policy shocks are all contributing to a softer demand environment as well as the solar prices. In China, as Chinese module makers have already stung by China demand woes, face mounting pain as growing inventories leave many companies starve for cash. The record low bidding prices for power plants in China are the evidence that Chinese module makers are striving to secure the limited orders. Furthermore, in order to meet the shipment target in 3Q, Chinese module makers have expanded their battlefield from China to other major solar markets, especially in the US, Japan, India, and Euro. Since the 2nd tier Chinese module makers target at regions with no punitive tariff enforced, especially in India and Japan, solar panel prices remain pressured as they continue to dump excessive inventories out of China.
By Dr Xiaoxi He, Technology Analyst, IDTechEx
Baker Electric Solar and San Diego Academy announce plans to install a 139.65kW solar system in Q4. The rooftop and carport installation will save the school more than $55,000 in energy costs in the first year alone.
Mark Lammey for EnergyVoice: A major bank’s decision to throw its weight behind a floating solar power scheme shows the sector is rich with commercial potential, bosses at engineering consultancy OST Energy said. OST acted as technical adviser for Royal Bank of Scotland (RBS) during the early stages of the project to bring Europe’s largest floating photovoltaic solar project to financial close earlier this year. The 6.3 Megawatt peak (MWp) array, installed by Lightsource Renewable Energy, is the first project of its kind to secure European bank financing. It now provides a source of clean energy to water utilities company, Thames Water, on the Queen Elizabeth II reservoir west of London. Thames Water will buy all energy generated by the project as part of a power purchase agreement (PPA) with Lightsource. Cont'd...
KIC InnoEnergy to launch unique intellectual property courses as European patent applications reach new high
"Competitive Intelligence and Exploitation of Patents" to go live in September 2016
Catch a Wave: Achieving Grid Parity With New Hybrid Ocean Technology Harnessing Various Wave Types for Increased Power Generation
Innovative ocean-borne technology, utilizing a dual rotor system and wave ramp to capture all the power contained in a wave, is a highly efficient wave energy converter that actually lowers the cost of delivered electricity.
"FCV Market Size, Industry Outlook Report, Regional Analysis, Application Development, Price Trends, Competitive Market Share & Forecast, 2016 - 2023"
Kokam to Build 36 Megawatt Energy Storage System (ESS) for KEPCO, Increasing Its Total Worldwide ESS Project Portfolio to 132-Megawatts
When completed, the 36-megawatt frequency regulation project will increase the total ESS capacity delivered by Kokam to South Korean utility KEPCO to 92-megawatts
Samantha Page for ThinkProgress: The Nevada Supreme Court on Thursday rejected a solar industry-backed measure that would have let voters decide how customers are paid for the electricity they put back on the grid. The November referendum would have allowed voters to overturn a Public Utilities Commission (PUC) decision from late last year that gutted the state’s net metering program — a rate design element that ensures solar owners are paid retail rate for the electricity they put back on the grid. The court ruled that the description included in the referendum was “inaccurate,” “misleading,” and “argumentative,” the AP reported. But the industry was not bowed after the ruling, saying it would continue to fight to set fair rates for solar homeowners. Cont'd...
Tereza Pultarova for Engineering & Technology Magazine: A flywheel-based device invented by a Lancaster University student could help solve the renewable energy storage problem, offering a better alternative to battery technology. The Flywheel Energy Store, designed by 21-year-old Abigail Carson, retains energy kinetically in a levitating floating mass. The flywheel, about the size of a football, doesn’t require any additional control mechanisms, inputs or maintenance. “The global energy crisis is the biggest and most urgent problem that needs addressing,” said Carson, who is awaiting a patent for the device. “The Flywheel Energy Store can be used for a vast range of applications – most significantly in providing energy security and independence for everyone globally, but also including eliminating waste in power networks, pumping water to villages and allowing for cleaner cooking and heating in developing countries, instant charging of electric vehicles, and off-grid energy storage.” Carson’s flywheel can rotate at up to 144,000 revolutions per minute (rpm). The majority of existing flywheel designs usually achieve a maximum of around 60,000rpm. Cont'd...
Here is a summary of what Tradeshows, Conferences & Exhibitions to look forward to in the coming months.
"Fuel Cell Market - Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 - 2024"
Global solar panel prices decline for consecutive weeks, weigh down by growing glut and intense competition amid concern China demand is losing momentum. In China, solar panel remain depressed as Chinese module makers who suffer from frozen domestic demand are strive to win limited solar projects by offer record low prices. Moreover, 2nd tier Chinese module makers, who are imposed with high punitive tariffs to enter EU and US markets, find India, Japan and other emerging countries where no trade barrier enforced to digest their swelled inventory levels, leading solar panel prices in these regions continue to tumble. Meanwhile, 1st tier Chinese module makers with increased capacities in SEA that could circumvent trade barriers target the EU and US markets to compensate the worse-than-anticipated sales in China.
ALEXANDRU MICU for ZME Science: The Ukranian government plans to turn Chernobyl, the site of the world’s most famous nuclear meltdown, into a sprawling solar power plant — the largest in the world. Since the meltdown on April 26, 1986, no one’s been able to find any good uses for Chernobyl. A 1,600 square mile area was drenched in radiation and deemed an “exclusion zone,” so everyone was evacuated after the clean-up efforts were concluded and the plant was sealed in its ubiquitous sarcophagus. The buildings, goods, and infrastructure in the area were abandoned so fast that the city looks like time froze there 30 years ago — albeit with a Falloutesque look. Since we left, nature took over, and for the most part, is thriving in our absence (though the microbes that decompose dead organic matter seem to be having a hard time living here.) In a recent interview, however, Ukraine’s ecology minister Ostap Semerak said that the government is negotiating with two US investment firms and four Canadian energy companies to develop Chernobyl’s solar potential. The area is uniquely suited for the purpose — the land is extremely cheap, much of the required infrastructure, such as roads are already built. Even better, the power lines that served the old 4GW reactor are still useable. Cont'd...
Regenerative Grid Simulator for the testing of EV Chargers, V2G, grid-tied inverters, & critical power systems.
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