The global solar headlines you need to know this week for your business decisions.
India Launches International Solar Alliance of over 120 Countries
India’s prime minister has unveiled that he would lead an international solar alliance of over 120 countries with French president, François Hollande, at the Paris COP21 climate summit. Narendra Modi told a press conference that as fossil fuels put the planet in peril, hopes for future prosperity in the developing world now rest on bold initiatives. “Solar technology is evolving, costs are coming down and grid connectivity is improving,” he said. “The dream of universal access to clean energy is becoming more real. This will be the foundation of the new economy of the new century.” This will mean more opportunities for solar across the world and that can only be positive for combating climate change.
Modi went on to describing the solar alliance as “the sunrise of new hope, not just for clean energy but for villages and homes still in darkness, for mornings and evenings filled with a clear view of the glory of the sun”. The Indian government is investing an initial US$30 million in setting up the alliance’s headquarters in India. The eventual goal is to raise US$400 million from membership fees and international agencies.
India has set a clear mission to use cheap solar to connect citizens who are currently without access to the electricity grid in remote and rural areas.
Source: The Guardian
Dubai Targets Mandatory Rooftop Solar From 2030.
Dubai has launched an ambitious energy strategy which includes making rooftop solar mandatory from 2030. The Dubai Clean Energy Strategy 2050 also sets a renewable target of 75%, with intermediate goals of 7% by 2020 and 25% by 2030. These objectives speed the pace of the emirate’s transition from a previous 15% target for 2030 set in January of this year.
The utility-scale Mohammed bin Rashid Al Maktoum Solar Park has also been increased in size, first from an initial 1GW to 3GW earlier this year, and now to 5GW by 2030. Total investment in the site is estimated by state utility DEWA to be US$13.6 billion.
For the first time, South Korea, Japan and the US, respectively, are set to exceed 100MW of annual energy storage installations, says research house HIS. Highlighting the lack of commercial energy storage deployment, the three markets are forecast to account for 59% of global installations in 2016. Between 2015 -2016, they are set to install 1.4 GW of new capacity. Large-scale system costs, meanwhile, are expected to fall significantly by 2019, which will spur global growth.
Sam Wilkinson, solar supply-chain and energy storage analyst for IHS Technology says, between 2015 and 2016, the U.S. will install 650MW of energy storage, while Japan will see 510MW and South Korea 280MW. Although deployment in other regions will increase next year, most markets are still in the test, pilot and demonstration phases.
Utility Scale PV O&M to Grow to 390GW by 2020
According to a new report from GTM Research and SoliChamba Consulting, the global market for utility-scale PV operations and maintenance (O&M) will grow to 390GW by 2020, that’s almost triple the estimated 133GW expected by the end of 2015.
Just like the larger PV market, the global PV O&M market has been growing at a fast pace these past few years. And unlike the EPC business, it remains attractive even when new construction slows, as seen in Germany, where the addressable O&M market for megawatt-scale plants exceeds 11GW in 2015 despite a drop in new megawatt-scale plant activations.