What Changed In The Solar Energy & Storage Markets In October?



Published on November 13th, 2017 |
by Zachary Shahan

November 13th, 2017 by Zachary Shahan 

What occurred within the photo voltaic & storage industries in October? Loads! Below is a concise abstract of essentially the most notable photo voltaic and power storage tales of the month.

Acquisitions, Mergers, Investments, & Awards

The largest renewable power acquisition in historical past — that sufficiently big for you? Global Infrastructure Partners purchased Asia-Pacific’s largest unbiased renewable power energy producer, Equis Energy, to set the file. The acquisition was for a file $5 billion.

French power big Engie (previously referred to as GDF Suez), which has been buying cleantech firms prefer it’s received nothing higher to do, lately made an acquisition of an African off-grid photo voltaic firm, Fenix.

First Solar’s inventory worth jumped 20% on the finish of October on the again of some strongly constructive quarterly funds. It’s been over a 12 months since First Solar’s share worth was so excessive … however it’s nonetheless far under 2007–2011 ranges.

Indian big Acme Solar Holdings is aiming to boost Rs 2,200 crore ($335 million) in its preliminary public providing (IPO). You buyin’?

Groupe Renault is aware of the place the world is headed, and it initiated a brand new Renault Energy Services enterprise entity in an effort to attempt to capitalize.

On the opposite facet of the pond, a brand new consortium of battery tech companies named Imperium3 New York introduced it’s investing $130 million over the following 5 years to commercialize “an innovative technology for making more efficient and less expensive lithium ion batteries.”

Meanwhile, UK startup Brill Power received a €100,000 prize at EnergyFest in Amsterdam for locating a option to considerably prolong the lifetime of lithium-ion batteries.

Solar Market Fun Facts
& Big Projects

Solar leaders paused what they have been doing to get right down to Puerto Rico and badist the struggling, threatened populations there. Tesla, sonnen, and Sunrun have been a couple of of the largest names down within the hurricane-slammed trenches, however small-scale photo voltaic gamers identified by members of the ClearTechnica neighborhood additionally went down — and are nonetheless there.

6 of the 10 largest solar energy states are pink states. Republicans badist photo voltaic! … Republicans in Congress ought to too!

Australia could set up a full 1 gigawatt (GW) of rooftop solar energy in 2017 — 1 GW!

Rooftop photo voltaic really rose to 48% of South Australia’s electrical energy demand in October.

New photo voltaic + storage is even beginning to beat previous coal energy crops in Australia. That’s what some have claimed is the extra necessary “grid parity” crossover.

Meanwhile, within the US, renewable power grew 10% in 2017. Over 10 years, US photo voltaic power grew 4500% and wind power grew 350%.

Speaking of rooftop photo voltaic, Sunrun presently has over 2000 orders in for its photo voltaic + storage Brightbox providing in California and Hawaii.

But the place the place residence power storage is de facto taking off is Australia. More than 7,000 battery storage techniques have been put in throughout Oz within the first half of 2017.

Tesla’s power storage enterprise is booming too, with its greatest Powerwall set up and its greatest Powerpack set up developing in Australia.

Europe isn’t absolutely neglected, and BMW lower the ribbon on its Battery Storage Farm Leipzig whereas commemorating the manufacturing of the corporate’s 100,000th BMW i3.

Solar panel manufacturing expansions in 2017 have been bigger than anticipated, virtually reaching file ranges, because the trade retains booming, booming, booming.

Meanwhile, data proceed to get damaged. In Saudi Arabia, a seemingly unimaginable 1.79¢/kWh bid got here in … with no subsidies. Yes, we’re getting near “too cheap to meter.” No, not from nuclear.

Indian photo voltaic module producers really undercut Chinese module costs in a latest 300 megawatt (MW) tender in India.

A brand new low photo voltaic worth file was set in India, getting right down to Rs three.14/kWh (four.eight¢/kWh) for a 250 MW venture . Though, it’s not as clear as all that — the low-price file was for a venture utilizing solely Indian-made photo voltaic modules. Still, four.eight¢/kWh is exceedingly low and I don’t recall seeing many bids (anyplace on the earth) decrease. Azure Power, which already has a whopping 1.6 GW of photo voltaic put in, received the bid.

Another one out of India, the nation will quickly get its first utility-scale photo voltaic + storage venture. “The project will have an installed capacity of 20 megawatts, equipped with a storage capacity of 28 MWh.” Mahindra Susten received the bid.

Speaking of built-in initiatives, Vestas, Tesla, Windlab, and Australian CEFC at the moment are engaged on the primary hybrid wind, photo voltaic, and power storage venture, a 60 MW venture with four MWh of Tesla Powerpack battery storage.

What’s extra enjoyable than hybrid renewable power initiatives? Floating renewable power initiatives! India plans to quickly have 20 MW of floating photo voltaic put in, taking a transparent management place on this area of interest market phase.

Landing some large wins in France, SolarPower has been awarded over 500 MW of latest photo voltaic venture capability. (Perhaps Total’s majority possession of SolarPower helped with that.)

South America’s largest solar energy plant, a 246 MW photo voltaic farm in Chile, went on-line in October.

On the again of all of India’s robust renewable power growth, it’s most likely not stunning to listen to that it has set a brand new renewable power market share (of whole electrical energy manufacturing) file. The nation received as much as 13.2% one month this 12 months.

As a mark of an power trade in transition, the world’s largest coal miner put out a young for a 200 MW photo voltaic venture in October. Hint, trace.

SolarPower Europe contends that new international solar energy installations will exceed 100 GW in 2017, and see a 30% enhance over 2016. Let’s get able to rumble.


University coverage counts too, proper? The University of Utah isn’t all in but, however it goals to quickly get 50% of its electrical energy from photo voltaic and geothermal power in accordance with a brand new dedication and contract.

Target’s response to 50% renewable electrical energy? Meh, come on, bro! Target simply dedicated to sourcing 100% renewable electrical energy for its home operations.

As if the dude wasn’t doing sufficient evil on the “Environmental Protection Agency,” pollution-loving division head Scott Pruitt lately proposed eliminating tax credit for renewable power.

An inaugural Island Renewable Energy Initiative (IRIE) badembly was convened final month in Malé, Maldives. Will this sign the start of speedy renewable power progress amongst island nations.

Check out our new 93-page EV report, based mostly on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European international locations, and 9 Canadian provinces.

Tags: ACME Solar, Australia, BMW, California, Chile, China, ENGIE, Europe, Hawaii, India, Puerto Rico, renault, sonnen, Sunpower, sunrun, Tesla, Tesla Energy

About the Author

Zachary Shahan is tryin’ to badist society badist itself (and different species) with the facility of the typed phrase. He spends most of his time right here on ClearTechnica as its director and chief editor, however he is additionally the president of Important Media and the director/founding father of EV Obsession, Solar Love, and Bikocity. Zach is acknowledged globally as a photo voltaic power, electrical automobile, and power storage professional.

Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of protecting photo voltaic and EVs, he merely has a variety of religion in these explicit firms and looks like they’re good cleantech firms to spend money on.

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