Grid parity happens when large scale solar can compete with, or beat wholesale pricing from coal plants, the nuclear facilities and combined cycle natural gas.
Region set for more than 60% growth in 2012; Downstream companies will need to adapt to changes in end-market
When the dust settled, 353 transactions had been completed for a reported $13.9 billion—down 6% from the $14.7 billion posted in 2010. While greentech funding rose 4% to $10.6 billion, mergers and acquisitions slumped 29% to $3.3 billion.
The global cumulative installed capacity for solar PV is expected to reach 330,424 MW by 2020, growing at a CAGR of 23.7% during 2011-2020. Europe is the leading solar PV market, with a share of 76.5% of the total cumulative installed capacity, followed by the Asia-Pacific region, accounting for a share of 15.8% in 2010.
The Kyoto Protocol, having set binding targets for 37( + 4 that are to be added till the end of 2012) developed countries to reduce GHG emissions to 10-20 percent below the 1990 levels by 2012, however, may lose its significance in the second period since some countries such as Canada, Japan and China were reportedly unwilling to take part.
MIT report shows that with new policies, U.S. electric grid could handle expected influx of electric cars and wind and solar generation.
Unirac is a strong advocate for developing new codes for solar infrastructure, and has been working closely with the International Code Council Evaluation Service to develop new performance standards for racking and mounting systems. Unirac's new SolarMount (E)volution residential roof mount PV racking system, launched at Solar Power International in October, is currently being evaluated by ICC-ES. Unirac is the first company to apply for an ICC ESR under ICC-ES AC428.
The program's goals are nothing if not ambitious, as the government had initially hoped to boost the nation's solar capacity by the equivalent of about 18 nuclear power plants by 2022, a date that's now been brought forward by five years.
A grid-interactive PV system implies that a PV system is tied to the grid but can stand alone if the grid goes down. Essentially, it offers the best of both off-grid and grid-tied systems.
Caught between strong utility-scale project demand, declining solar incentives in distributed generation applications, module over-supply, and significant policy uncertainty, the North American photovoltaic (PV) market is at a crossroads, according to the conclusions of the recently-released NPD Solarbuzz North America PV Markets Quarterly report.
Wind Power - Global Market Size, Turbine Market Share, Installation Prices, Regulations & Investment
Consolidation is on the cards as the US market is undergoing correction and the Chinese wind market is expected to stabilize during the forecast period. Companies have modest expectations of growth for 2011 as major markets have slowed down but are expected to pick up in the second half of year.
The roadmap for biomass is under study in China and may prove a gem for development of the sector. Biomass presently contributes nearly 5% of power generation to the total renewable. The technology has good growth prospects due to available potential in the country.
The prospect of a probable reduction in nuclear in France presents a fantastic opportunity for the photovoltaic industry. And never mind the Chinese competition - the French players have their card to play.
While startup costs and transition problems have yet to be resolved, Germany is betting on its future, and future generations using solar and wind power will not have to bury energy wastes with a half-life of tens of thousands of years.
Complacency is always a barrier to change. Just as the Captain and crew of the Titanic became complacent when the ship was deemed "unsinkable" we must not become complacent and not do what is proven and obvious - Feed in Tariffs.
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