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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Reuters: China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels. The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in a blueprint document that lays out its plan to develop the nation's energy sector during the five-year 2016 to 2020 period. The NEA said installed renewable power capacity including wind, hydro, solar and nuclear power will contribute to about half of new electricity generation by 2020. The agency did not disclose more details on where the funds, which equate to about $72 billion each year, would be spent. Still, the investment reflects Beijing's continued focus on curbing the use of fossil fuels, which have fostered the country's economic growth over the past decade, as it ramps up its war on pollution. Cont'd...
Senator Brian Feldman and Delegate Bill Frick, sponsors of the Maryland Clean Energy Jobs Act, joined with other state lawmakers, business leaders, and advocates, calling for a veto override today at the Maryland State House.
AcuRite Announces the AcuRite® Atlas™ Family of Environmental Monitoring Solutions with UV Monitoring and Lightning Detection
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Sunworks to offer commercial and industrial customers zero-down financing for solar plus storage installations
2016 marked a record year for solar energy. As of December 2016, solar power is cheaper than wind and cheaper than fossil fuels. What does that mean for the future of the solar industry, and more specific to our interest, what does that mean for solar generators? The bottom line: now is the time to invest in solar energy including solar generators.
Escondido Charter High School will save more than $108,926 the first year with 25-year solar Power Purchase Agreement (PPA) from Baker Electric Solar.
BolySolar is creating an evolving set of solar system technologies that will revolutionize the energy industry. At CES 2017, Boly will announce its fourth renewable energy product BolySolar Enhancer and BolySolar Doubler.
New Vivint Solar customers will have the option to receive an integrated energy management system from Vivint Smart Home, at no additional cost
PV Racking has completed and received UL 2703 certification on its PV Stealth pitched roof solar racking solution.
Peter Kelly-Detwiler for Forbes: News arrived in late December from the waters off the United Kingdom that the first of MHI Vestas (a joint venture between Vests and Mitsubishi Heavy Industries) 8.0 megawatt (MW) turbines is now delivering commercial power to Dong Energy’s Burbo Bank Extension. The entire 258 MW project – to be completed in Q1 of 2017 - will need only 32 such turbines. This is a significant milestone, as wind turbines have become increasingly more powerful over a relatively short timeframe. This 8 MW machine is currently the largest commercial turbine in the world. Less than ten years ago, at the original Burbo Bank project, a 3.6 MW turbine was inaugurated, the largest in the industry at the time. Cont'd.. .
New advisory council under Solar Energy Industries Association to focus on improving access to capital
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