In March alone, 368 MW of new PV capacity was deployed, representing an increase of just 18 MW from the same month a year earlier.
In terms of new solar installations, China was the world’s largest PV market for the third year in a row with 30.1 GW of fresh capacity in the 12 months to the end of December, followed by the United States with 13.3 GW and Japan with 7.7 GW.
Solar and wind are expected to account for a growing share of the electricity mix in the years ahead, rising from around 3% at present to 23% by 2030. Over the following two decades after that, however, this share will likely remain unchanged, as the national regulator expects the country to deploy more coal-fired generation capacity.
The Australian Energy Market Operator (AEMO) claims that the country already has the technical ability to safely operate a system in which three-quarters of the electricity comes from wind and solar. However, it needs to get the regulations right in order to do so.
Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network which offer a maximum INR2.71/kWh ($0.036) for the electricity generated under a 25-year contract.
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
The $570 million fifth phase of the project will sell power at $0.016953/kWh under a 25-year power purchase agreement. It is scheduled to go online in the second quarter of 2021.
A study from Finland’s Lappeenranta University of Technology states decarbonization of desalination could help achieve a levelized cost of water of €0.32-1.66 per cubic meter. Solar and storage are expected to play a decisive role.
Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade.
Matt Harper, chief commercial officer of newly-merged British-Canadian vanadium redox flow battery business Invinity Energy Systems has spoken to pv magazine about the VS3-022 Battery Unit it is marketing for grid scale solar-plus-storage projects and why it may be a better bet than lithium-ion.
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