South Korea

Renewable energy investment in the Asia-Pacific region, excluding China, will overtake spending on oil and gas exploration and production by 2020, finds Norwegian consultancy Rystad Energy. And Australia is set to emerge as one of the leading investment destinations.

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.

According to the Korean manufacturer, its Q.Peak Duo-G6 module is produced with larger wafers than those used in the G5. This is said to increase module yield by around 6% for a power output ranging from 355-420 W.

Under the South Korean government’s new strategy, renewables would cover up to 35% of total power demand by 2040. The government sees the potential to deploy up to 235 GW of solar and wind, but cites a lack of land and relatively low solar radiation as factors that could hinder growth.

The world had more than half a terawatt of PV generation capacity at the end of last year as emerging solar markets picked up the slack caused by Beijing’s subsidy about-turn to the tune of a 20% rise in installations outside China.

The transition for utility scale storage from offering short duration, high value grid services to the world of long duration energy peaking could spell the end of fossil fuel backup generation within five years.

In the latest tariff spat to afflict the solar world, India’s Directorate General of Trade Remedies will investigate a claim steel products coated with aluminum and zinc are being dumped by Far Eastern manufacturers.

The South Korean solar module maker has filed another claim with the Federal Court of Australia against Norwegian solar manufacturer REC Group, as well as PV distributors BayWa r.e. Solar Systems and Sol Distribution, for distributing products that allegedly infringe on its patents.

The Korean government is planning to introduce new rules for carbon footprint certification, minimum efficiency levels and industrial standards for solar and wind energy. The measures are intended to make the domestic renewable energy industry grow while securing sustainable competitiveness, the administration said.

The Chinese monocrystalline module maker said it had not been notified of the legal action by its Korean rival. Longi claimed there is considerable uncertainty over the validity of the patents at the root of the lawsuits, which the Chinese defendant says relate to ALD technology. Longi says it uses PECVD technology for cell production.