South Korea

The first part of pv magazine’s review of 2019 considers Q1, when solar early adopter Italy offered an optimistic start to the year by fleshing out its plans for PV but uncertainty still clouded the world’s biggest solar market. The potential for household solar installations to rocket the world over – helped by ever cheaper panels – prompted strategic decisions in the inverter market and analyst expectations were confounded as the cobalt and lithium price plummeted, bringing the EV revolution a big step nearer.

Researchers from Saudi Arabia’s King Abdullah University of Science and Technology claim to have developed a highly performant organic PV cell using tungsten disulfide flakes a few atoms thick. The stability of the device, however, is still to be evaluated.

South Korean scientists have transformed an opaque crystalline silicon solar cell into a transparent one by punching holes into it measuring around 100 μm in diameter. A neutral-colored, transparent c-Si substrate was used to develop the new cell, which is said to have an efficiency of up to 12.2%.

The Indian developer will hold a 51% stake in the venture, with Seoul-based GS E&C taking the remainder. The capacity was awarded under Solar Energy Corp. of India’s tranche-IV auction earlier this year.

The Tokyo-based renewables developer has successfully launched its second solar investment fund, which will include roughly 216 MW (DC) of solar capacity across five sites in Japan.

The Shanghai-based project developer – which will soon relocate to the U.S. – says the profit margins are not high enough in those markets and has cancelled its project pipeline in the nations. The company has also changed its CEO after less than five months and is on a drive to reduce capital costs.

The government has unveiled a plan to help the PV industry reduce the cost of solar panels from around $0.23/W to $0.10/W by 2030. The plan also aims to reach module efficiencies of around 24% – up to 35% for multi-junction cells – by the end of the next decade.

The South Korean capital has unveiled a plan to deploy rooftop PV on a million homes and all public buildings. The new initiative is designed to bring the city’s cumulative installed solar capacity to around 1 GW by the end of 2022.

With the Q Cells solar business warning it is preparing an instant appeal if a U.S. ITC judge rules against it Stateside, the chemical company parent announced its solar panel business saw a year-on-year, third quarter rise in revenue from KRW818 billion to KRW1,638 billion.

The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.