Brazil will take its first leap into commercial solar power generation on Friday with a rights auction of at least 500 megawatts of new solar energy plants, adding a new energy source as a drought reveals the danger of depending on hydropower. Sun-kissed Brazil has one of the highest solar radiation factors in the … Continue reading Brazil’s first solar power auction to clear 500 MW
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Chile: SunEdison closes $130 million for 69.5 MW Javiera photovoltaic solar energy plant
SunEdison, Inc. (NYSE:SUNE), a leading global solar technology manufacturer and provider of solar energy services, announced today the closing of a $130 million USD non-recourse debt financing arrangement with CorpBanca and BBVA. The debt proceeds will be used to fund construction of a 69.5 megawatt (MW) solar power plant located in Chile. The solar power … Continue reading Chile: SunEdison closes $130 million for 69.5 MW Javiera photovoltaic solar energy plant
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SunEdison and Rajasthan Government Sign MoU for 5 Gigawatts (GW) of Solar Photovoltaic
SunEdison, Inc., (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services, today signed a Memorandum of Understanding (MOU) with the Rajasthan Government aimed at developing Rajasthan as the global hub for solar energy. SunEdison intends to establish 5 GWs of capacity in the form of multiple Mega Solar Projects, with … Continue reading SunEdison and Rajasthan Government Sign MoU for 5 Gigawatts (GW) of Solar Photovoltaic
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Benefits of Solar Energy
Sun is the ultimate source of energy on earth and life on Earth is due to the power (energy) provided by the Sun. Scientists have developed the technology to directly convert the Solar Energy into Electricity with the help of photovoltaic cells. The ‘Solar Energy’ refers to the power generated from the Sun in the … Continue reading Benefits of Solar Energy
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DoE Announces $53 Million to Cut Cost of Solar Power
Building on President Obama’s Climate Action Plan to cut carbon pollution and continue U.S. leadership in clean energy innovation, Energy Secretary Ernest Moniz announced more than $53 million for 40 innovative research and development (R&D) projects that aim to drive down the cost of solar energy, tackling key aspects of technology development in order to … Continue reading DoE Announces $53 Million to Cut Cost of Solar Power
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Solar energy prices are dropping fast, NREL says
Distributed solar photovoltaic (PV) system prices dropped by 12 – 19 percent nationwide in 2013, according to the third edition of a jointly written report on PV pricing trends from the Energy Department’s (DOE) National Renewable Energy Laboratory (NREL) and Lawrence Berkeley National Laboratory (LBNL). In addition, 2014 prices are expected to drop another 3 … Continue reading Solar energy prices are dropping fast, NREL says
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First solar panel for the 141 Megawatt (MW)ac Luz del Norte Solar Power plant in Chile
With Michelle Bachelet, President of the Republic of Chile; Isabel Allende, President of the Chilean Senate, and Máximo Pacheco, Minister of Energy in attendance, First Solar (Nasdaq:FSLR) today ceremonially installed the first solar panel for the 141 Megawatt (MW)ac Luz del Norte Solar Power Plant. The project, located 58 kilometers north of the city of … Continue reading First solar panel for the 141 Megawatt (MW)ac Luz del Norte Solar Power plant in Chile
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Green Earth Power (Thailand) secures solar energy plant development in Myanmar
Green Earth Power (Thailand) has signed a memorandum of agreement with the Myanmar Ministry of Electric Power (MOEP) to formalise the development of a 220-megawatt solar power plant in Minbu, in that country’s Magway Region. The signing ceremony, held on Thursday at the Grand Amara Hotel in Nay Pyi Taw, marked an important milestone … Continue reading Green Earth Power (Thailand) secures solar energy plant development in Myanmar
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Enel Green Power Begins Work on New Photovoltaic Plant in Chile
Enel Green Power has started work on the construction of Lalackama II, the company’s fourth photovoltaic plant in Chile. With a capacity of 19 MW, once fully up and running, the Lalackama II plant will be capable of generating over 50 GWh per year, equivalent to the power consumption needs of about 30,000 Chilean households, … Continue reading Enel Green Power Begins Work on New Photovoltaic Plant in Chile
Continue readingWorld Bank funds solar power (photovoltaic) in Jordan
The International Finance Corporation (IFC) has announced this Wednesday (15th) the approval of a US$ 207.5 million loan package for the construction of seven photovoltaic plants in Jordan. The IFC is the World Bank’s private sector arm. According to an IFC press release, the full project, which provides for the building of 12 plants, will … Continue reading World Bank funds solar power (photovoltaic) in Jordan
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Renewable energy can supply 100% of world’s power by 2050
A global low-carbon energy economy is not only feasible – it could actually double electricity supply by 2050, while also reducing air and water pollution, according to new research. “Our analysis indicates that the large-scale implementation of wind, [solar] PV, and CSP [Concentrated Solar Power] has the potential to reduce pollution-related environmental impacts of … Continue reading Renewable energy can supply 100% of world’s power by 2050
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Polysilicon Capacity Growth to Accelerate, Enabling 85 GW of Solar Photovoltaic Production in 2016
A total of 130 thousand metric tons (kilometric tons or KMT) of polysilicon manufacturing capacity, equivalent to roughly 25 gigawatts of crystalline silicon (c-Si) solar PV panels, is estimated to come on-line in 2015 and 2016, according to GTM Research’s newest report, Polysilicon 2015-2018: Supply, Demand, Cost and Pricing. By 2016, cumulative global polysilicon supply … Continue reading Polysilicon Capacity Growth to Accelerate, Enabling 85 GW of Solar Photovoltaic Production in 2016
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ZTE Signs an Agreement with Enel to Focus on Sustainability
ZTE Corporation (“ZTE”) (H share stock code 0763.HK/A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has signed an agreement with Enel, Italy’s largest power company and Europe’s second listed utility by installed capacity, for the development and deployment of innovative power generation technologies with a focus … Continue reading ZTE Signs an Agreement with Enel to Focus on Sustainability
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IEA report: installed solar photovoltaic capacity reached 139 GW in 2013
Following the difficult year of 2012 in terms of market growth, industry consolidation, policy uncertainty and ongoing fast cost reduction, 2013 has seen a slower evolution on the cost side but also a growing worldwide market again, although with a different split of dominant markets compared to the past. The fast rise of PV … Continue reading IEA report: installed solar photovoltaic capacity reached 139 GW in 2013
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Efficiency enhancements to define solar photovoltaic technology roadmap for the next five years
Solar photovoltaic (PV) modules using solar-grade wafers, as offered by 16 of the top 20 solar module suppliers to the industry, will account for 89% of solar capacity forecast to be installed this year, according to the new NPD Solarbuzz PV Technology Roadmap report. Thin-film panel manufacturers, led by First Solar and Solar Frontier, will … Continue reading Efficiency enhancements to define solar photovoltaic technology roadmap for the next five years
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A 50% share of variable renewables can save up to 6% on system costs
The REserviceS project – led by the European Wind Energy Association (EWEA) and involving other stakeholders from across the electricity system and academia – also found that creating markets to trade grid support services (GSS) can provide revenue streams for generators, in addition to energy-only markets. Wind and solar photovoltaic (PV) energy is capable of … Continue reading A 50% share of variable renewables can save up to 6% on system costs
Continue readingSolar photovoltaic (PV) grows in Latin America
Solar photovoltaic (PV) technology is poised to play a substantial role in fulfilling the need for increased power generation capacity across the Latin America and Caribbean (LAC) region, according to a latest industry report. The total PV project pipeline is growing throughout the region and now exceeds 22 gigawatts (GW) of projects across all phases … Continue reading Solar photovoltaic (PV) grows in Latin America
Continue readingIran to set up new solar power plant
The Islamic Republic of Iran is to set up a solar power plant in the city of Zahedan, member of photovoltaic scientific society of wind energy in Iran Gholamreza Sar-Golzari said on Saturday, IRNA reported. The first-ever 20 megawatt solar power plant is to be constructed eight kilometers away from Zahedan city, he … Continue reading Iran to set up new solar power plant
Continue readingGlobal photovoltaic (PV) solar installations will rise to 45.4 gigawatts (GW) in 2014
Global photovoltaic (PV) solar installations will rise to 45.4 gigawatts (GW) in 2014, with 32 percent of this total, or 14.4 GW, coming in the fourth quarter, according to IHS Technology (NYSE: IHS). Although IHS has trimmed its forecast for 2014 by 1.5 GW due to weaker-than-predicted performance in several key markets, a 20 percent … Continue reading Global photovoltaic (PV) solar installations will rise to 45.4 gigawatts (GW) in 2014
Continue readingSolar Photovoltaic Market Expected to Reach 489.8 GW by 2020
The global installed capacity for solar PV is expected to reach 489.8 GW by 2020, according to a new study by Grand View Research, Inc. Growing push for sustainability has led to increased focus on renewable energy forms such as solar PV. In addition, favorable regulatory policies such as Feed in Tariff (FIT) is expected … Continue reading Solar Photovoltaic Market Expected to Reach 489.8 GW by 2020
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