Tags Posts tagged with "photovoltaic energy"

photovoltaic energy

European electricity markets

Since April 1, prices in Europe have had certain stability. The rise in the CO2 emission price was offset by lower gas and coal prices and also by the slight decrease in electricity demand due to the better weather conditions in spring, with somewhat higher temperatures and more hours of sunshine in this 40-day period. The price fluctuations in this period are mainly due to variations in wind energy production, especially in Germany and Spain, which are the European leaders generating energy with this technology. In the case of Germany, prices could have been stable at 40 €/MWh but when there was a lot of wind they fell below this value, even reaching negative values on April 22 at 14 €/MWh. In the Spanish electricity market, fluctuations in wind energy production caused prices in the band between 40 €/MWh and 60 €/MWh. Also in this period of 40 days there were fluctuations in temperature and in solar energy production.


Electricity futures

The prices of European electricity futures for the third quarter of 2019 increased in most markets between 0.3% and 1.6% on Friday, May 10, compared to Friday of previous week. In the case of the OMIP market of Spain and Portugal, as well as the MTE market operated by GME, they remain unchanged, while the UK futures decreased in both the ICE and EEX markets.
In the case of futures for 2020, the increase was more widespread between 0.5% and 1.4%. Only the MTE market operated by GME remained unchanged and the UK’s ICE and EEX markets declined, as did the future for the third quarter of this year.

Wind and solar energy production

In the second week of May, the wind energy production had an increase in the main European markets except in Germany with a drop of 3.3%. The increase in France was 58%, in Portugal 99%, in Spain 36%, and in Italy 37%.
For the current week, the third of May, a decline in wind energy production is forecasted after the rise of the previous week. The most pronounced fall is expected in Italy and Portugal, somewhat less in Spain and France, and even a slight increase in Germany.

As for solar energy production, which includes photovoltaic and solar thermal technologies, during the second week of May fell by 4.3% in Germany, while in Spain the fall reached 20% with respect to the previous week. For its part, in Italy the previous week registered an increase of 5.3% in the solar energy production.
For the current week it is expected a decrease in solar energy production in Italy of about 20%, while in Germany and Spain the trend is expected to be bullish between 15% and 20%.

 

Source: AleaSoft

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China’s Huawei Technologies Co Ltd has established a team in Spain for its solar string inverter division, Huawei FusionSolar, in a bid to seize opportunities in the country’s growing PV market. Huawei has said that Spain would be the priority market for the business unit, which already has a team of 15 in the sales and pre-sales departments.

Last year, Spain installed 261.7 MW of new PV capacity, a 94% increase compared to the previous year and up by 500% compared to the 2016 installations, Huawei said citing data by the Spanish Photovoltaic Union (UNEF). The Spanish PV market could grow up to, or even surpass, EUR 5 billion (USD 5.7bn), the Chinese company added.

In 2018, engineering, procurement and construction (EPC) firm Grupotec selected Huawei as the supplier of string inverters for a series of Spanish solar projects with a combined capacity of 168 MW. Huawei expects to negotiate new contracts in Spain throughout the year eyeing an order volume of more than 3 GW. It also intends to grow its business through government-awarded projects and power purchase agreements (PPAs) with private companies, as well as offer solutions for self-consumption schemes.

Powertis, developer of large-scale PV projects in Europe and Latin America, will develop 2 GW of solar PV over the next three years between Brazil and Spain, 1 GW per country. Headquartered in Madrid and less than a year old, Powertis has secured power purchase agreements (PPAs) for 1 GW in Brazil. In addition, Powertis is entering into the Spanish market where offers turnkey services ranging from feasibility study to project financing.

In less than 15 seconds, enough energy from the sun reaches the Earth to keep the world running using clean energy. For this reason, we are convinced that the future will be solar. At Powertis, we focus on large projects that use the latest technology, minimizes the cost of solar, and let us negotiate sophisticated bilateral contracts, with the ultimate goal of offering a guaranteed and sustainable return to our investors,” says Pablo Otín, CEO of Powertis.

The construction of the first projects in Brazil will start in the first quarter of 2020 and the entire portfolio, which exceeds 1 GW, will be connected to the grid before December 2021. “Our main goal is to establish Powertis as the leading company in the bilateral market in Brazil”, states Otín. He also adds that this country, together with Spain, are two of the most active regions in the global PV market in bilateral PPAs. “We are taking advantage of these opportunities to showcase our team’s unique knowledge when it comes to contract and finance this type of projects.

Source: Powertis

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The PV resource has a great future in southern Europe. The regions of the southern part of the European continent can become developed areas with knowledge-based industries thanks to photovoltaic energy in the future.

Some people are born in a poor country, others in a rich country. Some are born in a region with a high level of education or in one with very few resources, rich or very poor cities. What determines the destiny of a country or a region? An important factor is natural resources, well managed, with investments in infrastructure and investments in knowledge. Can a poor country change in a few years thanks to well-managed natural resources? Dubai is an example. Thanks to the oil fields, the country has taken a leap into the future from the depths of poverty. A country with well-managed energy resources can advance unlimitedly.

The photovoltaic technology has been lowering the prices of the solar panels until reaching the threshold of profitability, being able to sell the energy directly in the market without incentives.

The southern regions of Europe are generally the least developed. However, nature has provided them with the best energy resource, solar energy. Thanks to photovoltaic technology and the large number of hours of sunshine in the south of the continent, more than 2,000 hours, southern Europe is an inexhaustible mine of clean energy.

Together with wind and hydroelectric energy, photovoltaic energy will replace polluting fossil energies, first coal and then gas. They will also replace nuclear energy. Fortunately a cleaner future is possible. The electricity obtained from clean renewable sources will replace the rest of the energy in all areas: industry, domestic and transport.

The use of hydrogen will be extended in internal combustion engines and as an energy source in electrochemical cells. The transport of the near future will be electric, with batteries or hydrogen batteries. A cleaner atmosphere will be achieved and also cities without air pollution and without transport noise.

What will happen to energy prices? It can be thought that a technology that uses photovoltaic solar energy, with increasingly low prices and also low maintenance costs, will cause the market price of electricity to fall.

At AleaSoft we believe that in the next 20 years a market balance will be maintained in Europe. The renewable energies will be replacing the non-renewable but also the electricity demand will increase. In Spain, according to an analysis performed by Red Eléctrica, for each million electric cars the demand will increase by one percent. But in the case of transport, we are not only talking about electric cars, but all kinds of land and sea electric transport. The ships of the future will have as fuel the hydrogen that is manufactured with electricity.

The nearby sources of energy are a claim for the installation of new productive infrastructures. Photovoltaic self-consumption will be encouraged in the southern areas of Europe.

A new industry requires a lot of energy: the knowledge industry, artificial intelligence, massive servers, cloud-based systems, blockchain, big data, in short, the main industry of the future.

In the same way that Dubai, thanks to energy, has become a world reference for development, in the photovoltaic revolution many regions of the world are going to have an opportunity to grow and develop. In Southern Europe, all the conditions are settled so that the most disadvantaged regions can participate in this inexhaustible mine of energy resources.

European, national and regional administrations should encourage investments in renewable energy, mainly photovoltaics.

Source: AleaSoft

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FuturENERGY November 18

Vaillant is committed to PV energy as the perfect complement to an HVAC installation, together with its heat pumps, by launching the auroPOWER PV system. The auroPOWER range offers two types of kits: auroPOWER plus and auroPOWER pro. Both comprise the photovoltaic modules that harvest the energy and the inverter which converts that energy from direct current into alternating current so that it can be used by any electric device connected to the grid of the house and/or business.

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The company supplies solar trackers to two PV plants in the Brazilian state of Minas Gerais

Soltec has started to supply its trackers to two PV plants in the state of Minas Gerais, in south-east Brazil.

The municipality of Guimarânia will be home to approximately 2,800 SF7 Single-Axis Trackers that will be installed at one of the two solar plants. Soltec’s trackers will move nearly 250,000 PV modules to track the sun’s position in the sky for increased annual energy capture.

Project developer, Canadian Solar, EPC company Biosar and utility Global Power Generation (GPG) have teamed up with Soltec for this 82.5 MW project in Guimarânia. The plant is currently under construction and is scheduled to be operational by the end of December 2018.

At the same time, Soltec is also supplying its SF7 self-powered trackers to one of the largest distributed generation solar power plants in Brazil. Located in the municipality of Uberlândia, this plant will enter into operation this month.

Alsol Energias Renováveis, whose activity comprise developing renewable energy projects for companies and private individuals, chose Soltec’s trackers and the reliability of its supply for this 5 MW PV plant.

“Customers know that our experience and leading position as solar tracker supplier in Brazil make Soltec a safe bet”, says Raúl Morales, CEO of Soltec. “Soltec’s market leadership in the country has already been clearly demonstrated and is largely due to our ability to supply equipment at an astonishing rate”.

In order to cover the costs of the company’s commercial expansion that started in 2014, the year in which it launched its international trajectory by signing its first supply contract for a utility-scale solar plant, Soltec has agreed a loan for 100 million Euros in order to continue with an internationalisation process that has enabled the company to undertake projects and open subsidiaries on the five continents.

The financing has been headed up by Banco Santander, with consultation from PwC, and has involved Spain’s leading financial entities: Bankia, Bankinter, BBVA, Caixabank, Cajamar CajaRural, Ibercaja, Liberbank, Sadabell, Banco Cooperativo Español and Banco Pichincha España. Throughout the entire process Soltec has benefitted from the collaboration of Garrigues on legal matters.

Syndicated loans are a special financing method, defined by the joint intervention of several credit institutions that agree to authorise a loan which, due to its high amount, requires the cooperation of several financial institutions.

“We are grateful for the confidence that these financial entities have placed in us,” comments Morales. “This loan will allow us to continue supplying solar trackers to the increasing number of PV projects in which Soltec is involved in countries as diverse as Brazil, Egypt and Spain”.

Soltec’s global operations and a workforce of over 750 people bring together experience and innovation. Soltec has manufacturing centres in Brazil, China and Spain; and offices in Australia, Denmark, Chile, Egypt, the US, India, Israel, Italy, Mexico and Peru.

With a firm commitment to renewable energies and the environment, Soltec supports product standardisation and the success of its clients.

The future of the energy system depends on whether we develop solutions that provide flexibility to efficiently integrate renewable energy sources. Intelligent building technology is the key to success. The joint venture planned by SMA and Danfoss aims to provide supermarket operators with an integrated solution that interconnects cooling and refrigeration technology, photovoltaics, energy storage technology and e-mobility. Intelligently managing loads and integrating the overall system into the energy market allows supermarket operators to reduce their operating expenditure, optimize their carbon footprint and considerably improve their long-term competitiveness. In addition, they will become a key component of the energy system of the future.

“Our expertise in photovoltaics, battery-storage systems and energy management is a complementary fit with Danfoss’ long-standing experience in cooling and refrigeration technology and its access to customers in the food retail segment,” said Dr.-Ing. Jürgen Reinert, Board Member for Operations and Technology of SMA Solar Technology AG. “I am delighted that this planned joint venture will allow us to further expand our strategic partnership with Danfoss.”

“The food retail segment is both of strategic importance and a playing field for innovation,” said Jürgen Fischer, President of Danfoss Cooling. “Innovative products from cooling and heating technology combined with photovoltaics, energy storage and charging stations will be used in the supermarket of the future. Supermarkets will not only provide fresh goods, but also transform the utility grid, which will become more reliable, greener and more flexible. Danfoss and SMA are very well positioned to tap into this new market. As part of this planned joint venture, headquartered in Hamburg, Germany, we will work together to develop our tried-and-tested technology and secure ourselves a leading market position in this segment.”

SMA’s newly founded subsidiary, Coneva GmbH, will cooperate with Danfoss’ Cooling Segment to design a service offering tailored to the individual requirements of the food retail segment. “The SMA energy management platform ennexOS is an ideal tool for optimizing the energy consumption of retailers using parameters like the current electricity prices, outside temperature, solar irradiation and temporary grid requirements,” explained Jochen Schneider, general manager of Coneva GmbH. “Surplus self-generated electricity can either be sold directly or stored in electric and thermal storage systems. The integration into the energy market also allows us to secure the supply of cost-effective, environmentally friendly energy. In addition, we can integrate charging stations.

The planned joint venture is likely subject to the approval of competent antitrust authorities.

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Over the last few years, there has been a marked increase in the number of installations made in desert environments. This is due to the fact that deserts offer vast tracts of land at relatively cheap prices and with a large number of sun hours, making it possible to reduce the cost of solar energy. At the same time, the market-led reduction in PV system costs has led to the use of outdoor solutions that dispense with external housings to protect the inverters and other equipment at the transformer substations (transformers, medium voltage cells, etc.). Therefore, there is a need to guarantee the correct operation of this equipment in these extreme operating conditions yet with no performance losses.

Ingeteam’s two main PV inverters have both been certified to the IEC 60068-2-68 international standard by an external laboratory. This standard establishes the conditions to be met by electronic equipment in order to effectively operate in environments with high concentrations of dust and sand.

The certificate was obtained for Ingeteam’s central inverter which is part of the INGECON SUN PowerMax B series and also for its very latest 100 kW string inverter, which is part of the INGECON SUN 3Play family. In both cases, the tests conducted demonstrated that the ingress of particles inside the equipment was residual and did not affect the normal inverter operation or performance.

In order to conduct the sand and dust tests based on the IEC 60068-2-68 international standard, Ingeteam acquired a climatic chamber for sand and dust tests, certified under the international standard UNE-EN 60068-2-68: 1997. This sealed chamber is able to create a controlled atmosphere with the humidity, wind velocity and sand concentration conditions required by the standard. For this purpose, the chamber is equipped with two particle blowers that continuously blow sand against the inverter and create an atmosphere with a specific concentration of sand and dust in suspension. Furthermore, the sand used is of similar characteristics to that found in a desert, with regard to grain size (between 0.14 and 0.59 millimetres) and composition, with a predominance of quartz, olivine and feldspar, as it is specified in the regulation.

This sand chamber, capable of testing equipment of the dimensions of a central PV inverter, was used to verify the correct operation of the inverters, as well as the efficiency of its “sand trap” system to prevent the ingress of particles into the B series central inverter, while collecting the grains of sand and facilitating their subsequent removal. Moreover, the new inverters feature a system that completely seals the ventilation circuit, for maximum protection against the ingress of particles, which could cause serious technical problems in converters installed in the desert. Therefore, as well as the tests specified in the certification procedure, Ingeteam also subjected its equipment to even more extreme conditions, such as those characteristic of a desert sandstorm, clearly demonstrating that its outdoor equipment is able to withstand situations with a high concentration of particles in the air (100 g/m3) and high wind speed (160 km/h).

Thanks to this achievement, Ingeteam has strengthened the company’s position as a power converter manufacturer specialising in the provision of technical solutions for plants located in hostile environments.

With Latin America’s emergence as the hottest region for solar development in recent years, Mexico has taken the lead with a dynamic energy transition that sets the stage for unprecedented solar growth. An abundance of solar resources, high power prices, falling technology costs, and an increasing need for resource diversification combine to place Mexico among the global leaders for PV development.

The country is set to double its distributed generation capacity this year, with more than 300 MW of new installations, after Mexico’s regulatory commission increased the upper limit for net metering plants to 500 kW. Authorities are working to foster DG as a slice of its 40 percent renewable energy target by 2035. For this to happen, the country will need to get around 18 percent of its generation from solar, compared to less than 1 percent at present.

At Solar Summit Mexico 2018 experts will discuss the massive opportunity that exists in this market and how to best take advantage of it.

This two-day event will leverage GTM Research’s regional expertise in Mexico to ensure your company is uniquely positioned to capture specific opportunities while appropriately managing regulatory, political, and market risks.

2018 conference themes will be:

  • Mexico PV on the global stage
  • Large-scale solar development in Mexico
  • The opportunities of distributed generation in the Mexican market
  • Bringing down the cost of PV
  • Tariffs, manufacturing, & distribution strategies
  • Financing: solar in Mexico

Everything you need to know about solar financing in Mexico

According to EY, only 15% of the Mexican electricity auctions have been project financed so far and mostly by multilateral development banks. Other than corporate finance, a lot of projects are still suffering to get to financial closing.

Investors all around the world are looking to Mexican PV and Solar Summit Mexico 2018 will dedicate a full day at to diving deep into solar finance. Those attending the event will hear about the various strategies being employed, new avenues on the buyer side of generation and the attractive prices and schemes. Take a look at the schedule at-a-glance:

Making large-scale projects a reality: Access to Solar Financing in Mexico
• Dino Barajas, Partner, Akin Gump Strauss Hauer & Feld
• Carlos Carranza, Project Development Director, North American Development Bank
• Marian Aguirre Nienau, Head of Power Projects, Bancomext
• Adrián Katzew, CEO, Zuma Energía

Adapting Project Finance to the New Era of Distributed Energy Projects
• John Bates, CEO, Prana Power
• Franco Capurro, Founder & CEO, Caaapital
• Marco G. Monroy, Founder & CEO, MGM Innova Capital

Strategies for Developers to Leverage Specialized Financing
• Eduardo Reyes Bravo, Manager, PwC
• Carlos Isorna, Vice President, Macquarie Mexican Infrastructure Fund (“MMIF”)
• Patricia Tatto, Partner & Country Head, Mexico & Central America, Ata Renewables

How third parties are thriving in a deregulated landscape
• Rodrigo Esparza, Compliance Officer, CFE Calificados
• Juan B. Guichard, CEO, Ammper

Source: GTM Research

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With more than 2.2 GW supplied for projects around the world and a forecasted turnover of €200m for the end of 2017, Soltec has become the fastest growing renewable energy company in Europe.

There is no secret formula to achieving this level of corporate success. The company’s ongoing investment in R&D and the development of proprietary technologies are essential factors for winning new projects. With 14 years of experience in the development of PV energy and some 35 patents worldwide, Soltec designed its first solar tracker in 2007 and since then has continued to invest in technological innovation.

According to Raúl Morales, CEO of Soltec, “Developing a cutting-edge product is fundamental in the solar power sector and to achieve this, R&D becomes the lynch pin of any company looking for a niche in the renewable energy market”.

This year, a decade after the launch of its first solar tracker, this Spanish company has created SF7, the highest performing tracker on the market. Compared to its main rival, it is able to increase energy production, with up to 5% more output. Moreover, its design reduces the number of parts as well as installation time, thereby making its trackers the most cost-effective on the market.

Our product is the result of years of knowledge and experience in the PV sector. This has allowed us to understand our clients’ needs in addition to applying pioneering technologies to solar tracking”, comments José María Lozano, Head of Global Engineering at Soltec.

However, Soltec is not just an example of innovation in solar trackers, but tells the success story of a company that, following the crash of the PV sector in Spain, found a way to redirect its focus to become an international player. This means that today it is present in 12 countries and this year alone, has supplied its units to 15 projects, predominantly in Latin America and the USA. Soltec has thus positioned itself as the leading supplier in Brazil, Chile and Peru, continuing to gain market share in Mexico and the USA and expanding its market in other parts of the world, with new projects and subsidiaries in Africa, Asia, Europe and Oceania.

Soltec’s sights are once again set on Spain, now that the domestic PV market has been reactivated. “With a production capacity of 2.5 GW per year that permits supplies of over 200 MW a month and over 500 employees around the world, Soltec is the perfect partner for the implementation of large solar power projects”, confirms Emilio Alfonso, Soltec’s Commercial Vice-President for the EMEA Region. “What makes us stand out from our main competitors in Spain is that over recent years, we have maintained a very high level of overseas business”.

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