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REthinking Energy provides insights on the innovations, policy and finance driving further investment in sustainable energy system

New IRENA report details how renewables can decarbonise the energy sector and improve the lives of billions


Falling costs, driven by innovation in technology and policy, is spurring renewable energy deployment and with it a myriad of socioeconomic benefits, according to the new comprehensive publication released by the International Renewable Energy Agency (IRENA). “REthinking Energy,” now in its third edition, was released on January 15th, 2017 at IRENA’s seventh Assembly, the Agency’s ultimate decision-making authority. Read more...

Solar corporate funding 2010–2016

Mercom Capital: Total corporate funding in solar sector dropped by 64 percent in 2016


Mercom Capital Group, LLC (Austin, Texas, U.S.) on January 10th, 2017 released its report on funding and merger and acquisition (M&A) activity for the solar sector in 2016. Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing, raised by public companies came to USD 9.1 billion, compared to USD 25.3 billion in 2015, a 64 percent drop. Read more...

Utility-scale solar PV plant in India

Bridge to India: India's solar PV market expected to grow by 90% in 2017


According to consultancy services provider Bridge to India (Delhi), India starts the year 2017 with a pipeline of around 14 GW of utility-scale solar PV projects, out of which 7.7 GW is expected to be commissioned in the year (growth of around 90% over 2016). Combined with 1.1 GW of expected rooftop solar capacity, India should add a total of 8.8 GW in 2017, ranking it amongst the top three global markets after China and the USA, Bridge to India expects. Read more...

PV power accounted for 20 percent of Germany’s gross amount of electricity consumed

New projections: German renewables account for around 32 percent in 2016


Renewable energies are expected to cover 32 percent of the gross amount of electricity consumed in Germany in 2016. The Centre for Solar Energy and Hydrogen Research Baden-Wurttemberg (ZSW) and the German Association of Energy and Water Industries (BDEW) arrived at this figure in an initial estimate. Read more...

sPower connects its largest solar PV project to the Grid, 107 MW of power going to the California Department of Water Resources

sPower connects 107 MW solar PV plant in California to the grid


Renewable energy provider sPower (Salt Lake City, Utah, U.S.) and the California Department of Water Resources (DWR) on December 20th, 2016 announced commencement of commercial operations of the 107 MW Solverde 1 solar farm. Read more...

The new world conversion efficiency record was set at Trina Solar’s Limited State Key Laboratory of PV Science and Technology of China

Trina Solar announces new efficiency record of 22.61% for mono-crystalline silicon PERC PV cell


Trina Solar Limited (Changzhou, China) on December 19th, 2016 announced that its State Key Laboratory of PV Science and Technology of China (SKL PVST), set a new world conversion efficiency record of 22.61% for a high-efficiency p-type mono-crystalline silicon (c-Si) solar photovoltaic cell. Read more...

IHS Markit’s global PV installation forecast by major region

IHS Markit expects 34 percent solar PV growth compared to 2015, and 77 GW of global annual installations in 2016


Strong demand from China will drive the tenth year of consecutive growth for the global PV market, according to a new report released on December 19th, 2016 by IHS Markit (London, UK). “The proposed Feed-in Tariff cuts announced in China since September have resulted in stronger than projected growth in the fourth quarter,” said Josefin Berg, senior analyst, IHS Technology. Read more...

Intelligently controlled batteries are best suited to smooth out short-term fluctuations in power supply and demand quickly and precisely, enabling the integration of a much larger share of intermittent clean energy sources

Younicos to build 49 MW battery energy storage system in the UK


Energy storage provider Younicos (Berlin, Germany) has been selected by Centrica to design and deliver one of the world’s largest and most sophisticated battery-based energy storage systems. To be completed by winter 2018, the 49 megawatt (MW) lithium-ion system will respond to fluctuations in electrical demand in less than a second, reads the press release. Read more...

Southern Power is the majority owner of the Garland Solar PV facility

Recurrent Energy completes 272 MW Garland solar PV plant in California


Canadian Solar Inc. (Guelph, Ontario) on December 14th, 2016 announced the commercial operation of the 200 MWac/272 MWp Garland Solar Facility in California. The solar photovoltaic (PV) plant was developed by Canadian Solar's wholly owned subsidiary Recurrent Energy and is majority owned by Southern Company subsidiary Southern Power. Read more...

From the report: U.S. utility-scale PV pipeline

U.S. solar PV market saw nearly 2 MW installed per hour in Q3, 2016; 14.1 GW to be installed this year alone


According to GTM Research and the Solar Energy Industries Association's (SEIA) Q4 2016 U.S. Solar Market Insight report, 4,143 megawatts (MW) of solar PV were installed in the U.S. in the third quarter of the year, a rate of one MW every 32 minutes. That pace is even faster today, as the fourth quarter will surpass this past quarter's historic total, SEIA notes. A mere three years ago, the United States eclipsed 10 cumulative GW of PV installed. By the end of 2016, GTM Research forecasts the United States to install 14.1 GW this year alone, up 88 percent over 2015's total. Read more...

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