Skip to content

World

Uncertainty and opportunity loom for renewables sector — report

Uncertainty in the renewable energy sector continues to drive a “relentless focus on cost” to soften the impact of protectionism, subsidy cuts and rising interest rates throughout the world, EY says in its latest Renewable Energy Country Attractiveness Index (RECAI) report. But the evolving outlook for project finance, as well as the gradual maturation of technologies such as blockchain, present new challenges and opportunities.

IRENA: Renewables can account for up to two-thirds of total energy use, and 85% of power generation by 2050

In the latest edition of its long-term renewable energy outlook, the International Renewable Energy Agency (IRENA) calls for at least six-fold deployment of renewables by 2050, compared to the levels set out in current plans. Investment in low-carbon technologies needs to increase by around 30% to $120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.

1

Storage pipeline grows to 10.4 GW, installations reached 1.9 GW in 2017, finds IHS Markit

Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea climbed to top of the tree in terms of cumulative capacity. Global project pipeline has soared to 10.4 GW.

Solar to top 104 GW of new installations this year, finds GTM Research

Latest Global Solar Demand Monitor from GTM Research forecasts 6% annual increase in PV installation growth although current largest markets will register 7% contraction while geographic diversification poised to grow.

United Nations backs solar powered irrigation

A new report published by the United Nations Food and Agriculture Organization outlines the benefits of solar powered irrigation systems to both large and small scale farming operations in developing countries. The report also stresses the need for comprehensive management and regulation of such systems, to avoid unsustainable water use.

Sterling and Wilson creates new hybrid and storage business, targets 1 GW installations

The Indian multinational EPC has this week unveiled a new global division that will focus on the development of power+storage hybrid solutions. The new unit will focus initially on lighting up remote islands and has an installation target of 1 GW.

Global investments in small-scale solar rise 16% in Q1, one of few sectors to buck downward trend, finds BNEF

New quarterly figures from Bloomberg New Energy Finance (BNEF) show that investments in solar PV arrays of less than 1 MW hit US$14.3 billion worldwide in Q1 against 10% year-on-year contraction in global renewable investments.

Apple claims to be 100% renewable-powered

Technology multinational, Apple Inc. has announced that its global operations are now 100% powered by clean energy. Additionally, another nine of Apple’s manufacturing partners have committed to powering their production with 100% clean energy, meaning a total of 23 suppliers have now made this commitment.

1

Record inverter shipments in 2017, three-phase string inverters overtake central for first time

According to the latest GTM Research statistics, global inverter shipments increased 23% in 2017, and revenues 11%, thus representing another record year. A market first, three-phase string inverter shipments overtook those of central inverters.

2

2018: India second largest solar market on back of 113 GW global installations

With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.

1

This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close