Corporate Demand for Renewable Energy is Increasing
Multinational corporations want access to global solutions that help them document their commitment to electricity from renewable energy sources.
US Clean Power Plan Could Reduce Coal Power by up to 60 Gigawatts by 2020, says GlobalData Analyst
Of the 326 Gigawatts (GW) of current coal power capacity in the US, a potential 60 GW could be lost by 2020 due to governments Clean Power Plan (CPP)
----'With the US boasting significant renewable power potential, the CPP has created a huge opportunity for companies in this sector, says analyst
Battery Costs Set To Fall 60% By 2020 From Energy Storage 'Megashift'
By Sophie Vorrath for RenewEconomy: The key role energy storage will play in the electricity grids of the future – and the vital importance of investing in and testing the various emerging battery storage technologies – has been highlighted in a major report published by the Australian Renewable Energy Agency on Monday, which predicts a 40-60 per cent price plunge for certain battery technologies by 2020.
The 130-page report prepared by AECOM predicts a “mega-shift” to energy storage adoption, driven by demand – from both the supply side, as networks work to adapt to increasing distributed and renewable energy capacity, and from consumers wishing to store their solar energy – and by the rapidly changing economic proposition; a proposition, the report says, that will see the costs of lithium-ion batteries fall by 60 per cent in less than five years, and by 40 per cent for flow batteries. Cont'd...
Technology Supports Global Sustainability
Cloud-based software is one technological advancement that can pay dividends in the development and management of a wide variety of renewable energy projects, from wind farms, solar farms and geothermal plants to hydropower and biomass facilities.
UK to Remain Top Offshore Wind Power Market by 2025, with Capacity Exceeding 23 Gigawatts, says GlobalData
UK offshore wind installed capacity to increase more than fivefold from 4.5 Gigawatts (GW) in 2014 to 23.2 GW by 2025
---Government continues to support offshore wind with contracts for difference, to help lower generation costs in the long term, says analyst
The US panel price rising improves average panel price in July.
Affected by the final results of the US DOC AD & CVD review, Chinese module makers are forced to rise up their module selling prices in the US, which results in also pulling up the average selling price of other manufacturers, including Korean, European, and even American companies. Hence, the average multi-crystalline module price is moderately moving up this week
Is Adding Solar Batteries Worth it?
Seeking to help states better address the value proposition of solar+storage systems, the Interstate Renewable Energy Council, Inc. (IREC) engaged Clean Power Research (CPR) to develop a methodology that could be used to value solar energy coupled with battery storage. The methodology described in the report can be applied in any location. It focuses on Hawaii as an example, as it is likely to be an early adopter of storage regulations.
"The concept of adding batteries alongside a utility customer's solar array intrigues utility customers, solar developers, and utility planners on several levels, but the underlying question for everyone is whether adding batteries is 'worth it,'" says Jason Keyes, Partner at Keyes, Fox & Wiedman LLP, attorney for IREC and report collaborator.
Though still at a nascent stage, the recent rapid growth in the distributed energy storage market suggests that now is an opportune time to take a closer look at distributed energy storage, especially in combination with distributed solar, and the values it has to offer. The new IREC study lays out the methodology to do just that and sets forth a pathway for more robust analysis and dialogue. Cont'd...
2015 Wind Power Capacity Installations Are Expected To Grow by 8.9%, According to Navigant Research
With strong onshore and offshore turbine sales, Vestas remained the No. 1 supplier in 2014, report finds
PVinsights: The increasing demand helps solar price improvement or relief.
Overall Module price performed a mild drop this week, as global demand is gradually recovering since late May. Multi-crystalline module price stands still in China, as the demand is improving slowly. In the US, solar demand is promisingly increasing, although some solar module suppliers are trying to raise price quotes accordingly.
Coal-based Power Undermines Germany's Renewable Growth to 2025, says GlobalData
Germanys installed renewable energy capacity to increase from 86.2 Gigawatts (GW) in 2014 to 147.4 GW by 2025----
However, renewables intermittent nature means the country will return to coal power generation, adding 3 GW of capacity by 2020, says analyst
Five seismic shifts to shake global electricity over next 25 years
BNEF's forecast to 2040 sees $2.2 trillion boom in small-scale solar as consumers seize control of their power, and weaker growth in electricity demand, but prospects for the climate are bleak
IRENA Roadmap Breaks New Ground on Renewable Energy Storage
Energy storage roadmap released at ninth IRENA Council meeting
Renewable Energy Targets Quadrupled Globally Since 2005, New IRENA Report Finds
164 countries worldwide have now adopted
renewable energy targets
GE-Led Study Reaffirms Barbados Light & Power's Renewable Power Integration Capabilities
GE Energy Consulting Simulations Show Barbados Light & Powers System Will Be Able to Exceed 16 Percent Renewable Energy Integration over Time
New Analysis Shows Huge Growth in Solar Over Past Decade
Solar Energy in the United States: A Decade of Record Growth, released today by the Solar Energy Industries Association (SEIA).
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