Global solar photovoltaic (PV) capacity is forecast to reach 498 gigawatts (GW) in 2019, which is 177 percent higher than 2014, according to IHS. While total global solar PV demand is projected to grow steadily, the large number of discrete country markets at the gigawatt-level will help reduce demand volatility, the market research company notes. “Last … Continue reading Photovoltaic capacity to reach nearly 500 GW in 2019
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China boosts solar energy target to 17.8GW
China has upped its 2015 solar power target from 15GW to 17.8GW – which compares to the 12GW installed last year (the US installed 7.3GW) – with the giant hoping distributed solar photovoltaic can drive the bulk of the increase, Bloomberg News reports. China last year aimed for a target of 14-15GW, but fell … Continue reading China boosts solar energy target to 17.8GW
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Renewables and Mining Summit in Chile
Over 60 of Chile’s top mining executives will meet with the global renewables sector this May 6-7 at the Renewables and Mining Summit & Exhibition which marks the first formal meeting of the mining and renewables sectors in Chile. Nelson Pizarro Contador, CEO of Codelco is the keynote presenter at this timely Summit focused on … Continue reading Renewables and Mining Summit in Chile
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Brazilian renewable power auction set for Nov. 13
Brazil’s Ministry of Mining and Energy will hold an auction for electricity from renewable power plants on Nov. 13. In the auction, wind energy and solar power projects will compete for contracts to sell power starting in November 2018, the ministry said in the official gazette Tuesday. Developers bid down the price at which they’re … Continue reading Brazilian renewable power auction set for Nov. 13
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Solar Power Could Power California Five Times Over
In the face of global climate change, increasing the use of renewable energy resources is one of the most urgent challenges facing the world. Further development of one resource, solar energy, is complicated by the need to find space for solar power-generating equipment without significantly altering the surrounding environment. New work from Carnegie‘s Rebecca … Continue reading Solar Power Could Power California Five Times Over
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Brazil taps into solar energy
Brazil is also facing energy issues as electricity prices continue to rise. But the Brazilians are now turning to an power source that’s been around for four and a half billion years: It’s the sun. And thanks to rapid advances in solar panel technology, the country’s future in energy is looking a bit brighter. There … Continue reading Brazil taps into solar energy
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Solar power accounted for 32 percent of new capacity in the United States last year, wind energy accounted for 23 percent
Wind power accounted for 23 percent of new capacity, with coal taking a share of less than 1 percent. California saw three concentrated solar power plants come fully online in 2014: the Genesis project in Riverside County and the Ivanpah and Mojave projects in San Bernardino County, collectively accounting for another 767 megawatts of new … Continue reading Solar power accounted for 32 percent of new capacity in the United States last year, wind energy accounted for 23 percent
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Nicaragua’s Renewable Energy Revolution Picks Up Steam
Renewable energy sources — such as the Eolo wind farm about 75 miles south of the Nicaraguan capital, Managua — generate about half of the country’s electricity. Officials predict that figure could rise to 80 percent within years. Nicaragua produces no oil, but is a land of fierce winds, tropical sun and rumbling volcanoes. … Continue reading Nicaragua’s Renewable Energy Revolution Picks Up Steam
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China adds 10.6 GW solar power capacity in 2014
China added 10.6 gigawatts (GW) of solar power capacity in 2014, accounting for one fifth of the world total, as the energy-hungry country plans to increase its share of non-fossil fuels, authorities here said today. China’s cumulative installed capacity for solar photovoltaic (PV) power reached 28.05 GW by the end of 2014, up 60 per … Continue reading China adds 10.6 GW solar power capacity in 2014
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Enel Green Power (EGP) has begun construction on three plants in South Africa
Enel Green Power (EGP) has begun construction on three photovoltaic plants (Aurora, Paleisheuwel, Tom Burke) in South Africa. With an installed capacity of 82.5 MW, the Aurora photovoltaic plant, located in the Northern Cape Province, will be capable of generating more than 168 GWh per year once up and running. This output corresponds to … Continue reading Enel Green Power (EGP) has begun construction on three plants in South Africa
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Ghana plans 100 MW solar energy plant
West African based renewable energy company Home Energy Africa is conducting feasibility studies to construct a $200 million (ZAR2 billion) solar power plant in Nyinbali in the Ndowli-Kaleo district, Ghana. The utility-scale power project is expected to generated 100MW of solar power that will be sold to the Electricity Company of Ghana (ECG) to … Continue reading Ghana plans 100 MW solar energy plant
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Indian Solar Energy Installations Totaled 883 MW in 2014
Indian solar power installations in calendar year 2014 totaled 883 MW, down 12 percent compared to 1,004 MW installed in 2013. Mercom’s 2015 forecast is unchanged at approximately 1,800 MW with some upside. The Indian solar industry remains positive as solar programs are being announced with increased frequency and the installation goal continues to … Continue reading Indian Solar Energy Installations Totaled 883 MW in 2014
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Sierra Leone first solar power plant
A significant milestone in the Energy Sector transformation was achieved when Ambassador Henry Macauley signed a medium term Memoranda of Understanding (MoU) with Sinohydro Corporation Limited of China at the Sierra Leone Embassy in Abu Dhabi, last Thursday. The move is in line with the medium term energy sector strategy presented by the Ministry last … Continue reading Sierra Leone first solar power plant
Continue readingChina builds Solar Power Photovoltaic in desert
China is building a huge photovoltaic (PV) solar power generation base in the Ulan Buh Desert, the country’s eighth largest desert, to boost new energy development. The base is located in Dengkou County in north China’s Inner Mongolia Autonomous Region. A number of energy companies are expected to invest 4.9 billion yuan (797 million … Continue reading China builds Solar Power Photovoltaic in desert
Continue readingACWA Power Gets $344m Loan For Dubai Solar Energy Project
Saudi Arabia’s ACWA Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with an interest rate of four per cent is being provided by Abu Dhabi’s First Gulf Bank and two Saudi … Continue reading ACWA Power Gets $344m Loan For Dubai Solar Energy Project
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Acciona goes back to black ink
After a €1,972 million loss in 2013, ACCIONA returned to profit in 2014 with attributable net earnings of €185 million, thanks to its 2013-2014 Action Plan, which was implemented to mitigate the effects of regulatory reforms in the Spanish energy sector. ACCIONA is cautiously optimistic about its business environment following the achievement of the objectives … Continue reading Acciona goes back to black ink
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India approves 15,000 MW solar power projects
The Union Cabinet on Wednesday greenlighted the setting up of 15,000 MW of grid-connected solar power projects through NTPC and its subsidiary NTPC Vidyut Vyapar Nigam Ltd (NVVN). The scheme will be implemented in three tranches. In the first, 3,000 MW will be set up by bundling solar power with unallocated coal-based thermal power at … Continue reading India approves 15,000 MW solar power projects
Continue readingSolar power set to become cheapest source of energy over next decade
Solar photovoltaic prices have fallen by 80 per cent since 2008. In 2013, commercial solar power cost the same to produce as other sources of electricity in Italy, Germany and Spain, and is expected to do so soon in Mexico and France. Solar energy is set to become the cheapest source of electricity in many … Continue reading Solar power set to become cheapest source of energy over next decade
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Photovoltaic solar energy in Panama
Panama confirms 80MW of installed PV solar capacity as the country moves to diversify its power matrix. 2014 closed as the year that Central American governments increased their interest in renewable energies. The authorities in the region know the potential of solar energy, the cost has decreased and is now a feasible solution that can … Continue reading Photovoltaic solar energy in Panama
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Photovoltaic industry shipments grew by 15% in 2014 over 2013 to 39.3-GWp from 34.0-GWp
PV industry shipments grew by 15% in 2014 over 2013 to 39.3-GWp from 34.0-GWp the previous year, according to the IDTechEx/SPV Market Research annual supply report Photovoltaic Manufacturer Shipments: Capacity, Production, Prices and Revenues to 2019. Supply side inventory was 1.1-GWp at the end of 2014 and demand side inventory decreased by 400-MWp to 2.4-GWp. … Continue reading Photovoltaic industry shipments grew by 15% in 2014 over 2013 to 39.3-GWp from 34.0-GWp
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