CERRAR
Tags Posts tagged with "solar PV"

solar PV

0 0

Ireland is expected to attract massive investment as the country is set to add 5.8 GW of non-hydro renewable power capacity over the next decade to reach a total 9.6 GW by 2030 and account for 65% of the country’s installed capacity, according to the report from GlobalData, “Ireland Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape”. The report, reveals that to achieve a 9.6 GW non-hydro renewables capacity by 2030 Ireland will massively increase its investment in offshore wind and solar PV capacity.

During the forecast period, offshore wind capacity is set to increase from 25 MW to 1.9 GW at a compound annual growth rate (CAGR) of 48.8%, and solar PV will rise from 25 MW to 1.3 GW at a CAGR of 43%. During the same period, power consumption in Ireland will see a minimal increase, reaching 31.4 TWh in 2030 from 27.9 TWh in 2019 (a marginal 1.1% CAGR).

Ireland’s offshore wind and solar PV capacity, has considerable potential, which will push the contribution of renewable power to installed capacity to 62% by 2025 and 65% by 2030. This will open up new markets for wind turbines and modules for solar plants, as well as associated equipment required for transmitting generated power to the grid. The market for laying cables under the sea will also be a key business opportunity in the country.

This addition to Ireland’s renewable power capacity is being driven by various government incentives and policies intended to fill the void left by the phasing out of coal in 2025.

Renewable capacity expansion will necessitate grid modernization in order to manage much higher volumes of renewable energy with inherent variability. This, in turn, will involve huge investment in grid infrastructure along with the introduction of energy storage systems to enable a steady supply of power when renewable energy is unavailable.

With a minimal increase in power consumption expected, Ireland’s gas-based power capacity, which provides the country’s base-load power demand, combined with those new renewable resources with integrated energy storage systems are well placed to meet the country’s power demands over the next decade.

Source: GlobalData

0 1

Iberdrola has been awarded 149 MW of photovoltaic solar power in Portugal, which the company will use to start developing this type of technology in the country. This capacity is divided between two regions (the Algarve and the Tajo Valley), under a public auction by the Portuguese Ministry of the Environment and Energy Transition through the General Directorate of Energy and Geology and organised by Operador do Mercado Ibérico de Energia (OMIP).

Iberdrola chairman Ignacio Galán said, after learning of the outcome of the biggest auction in the Portuguese energy sector in the last decade: “These new projects are an example of Iberdrola’s commitment to renewable energy sources as a way of contributing to the transition toward a decarbonised Europe”.

In this regard, Iberdrola has once again ratified its strong commitment to the transition toward a low carbon economy while consolidating its crucial role in the Portuguese energy market, where it is already leading the large consumer commercial sector with an almost 33% market share and a portfolio consisting of 300,000 electricity and natural gas customers (figures at the start of 2019).

The group is also making progress with thelarge-scale Támega project that consists of building three new plants (Gouvães, Daivões and Alto Támega), with total capacity of 1.158 MW and an investment in excess of 1,500 million euros.This important project is expected to be commissioned between 2021 and 2023, and will increase the companies installed power by 6%. It will be capable of supplying clean energy to 440,000 Portuguese homes.With the development of the Támega plant and the new solar capacity awarded, Iberdrola, which has succeeded in reducing its emissions in Europe by 75% since the year 2000, contributes to Portugal’s commitment to achieve carbon neutrality by 2050.

Source: Iberdrola

0 6
Planta fotovoltaica de Amareleja desarrollada por Acciona / Amaraleja PV plant developed by Acciona

Portugal’s first-ever solar PV auction for 1.4 GW tender has received offers for 10 GW and 64 companies have shown interest to develop solar power projects. The overwhelming response from international and domestic developers has enabled Portugal to strengthen its claim as Europe’s emerging market for solar PV installations, says GlobalData.

Portugal has plans to achieve carbon neutrality by 2050 and aims to meet 80% of its total power demand from clean energy generation by 2030. In order to achieve these targets, the Government aims to harness the solar potential and targets solar PV capacity installation to be 1.6 GW in 2021 and 8.1 GW-9.9 GW by 2030.

The auction aims to have these large-scale solar projects in the southern zones of Alto Alentejo, Baixo Alentejo, and Algarve. This is a strategic move as South Algarve and the North Alentejo areas are among the highest solar radiation sites in Europe.

According to GlobalData, Portugal has 1.22 GW of solar PV capacity in the pipeline already which is under different stages of development. Installed capacity for solar PV is forecast to be 1.74 GW by 2023. Considering allocation of the current auction and second auction planned in January 2020, the capacity forecast for 2023 is set to go higher in the range of 3.8 GW-4.3 GW.

Source: GlobalData

0 7

Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to a new research from Wood Mackenzie. As noted in ‘Global solar PV market outlook update: Q2 2019’, the market is now back on a strong growth trajectory after a slowdown in 2018. Annual installations are expected to rise to around 125 GW per year by the early 2020s.

Global growth will continue despite a gradual slow-down in China, the world’s largest PV market. The Chinese market peaked at 53 GW in 2017, driven by generous feed-in tariffs. A move towards more competitive procurement of solar PV will lead to more sustainable annual additions of 30-40 GW.

Global PV market continues to diversify rapidly. Countries installing between 1-5 GW annually will be the market’s growth engine. In 2018, there were seven such markets. By 2022, there will be 19 – with new names including Saudi Arabia, France and Taiwan.

Auctions will remain the driver of growth in many global PV markets. Wood Mackenzie expects to see 90 GW of solar PV projects awarded contracts through auctions in 2019, up from 81 GW in 2018.

In India, auction activity is starting to recover after a slow-down caused by land and transmission constraints. In the U.S., announcements of new state utility IRPs, in Florida for example, are good news for the solar PV market. The European market will grow strongly as policy markets look to deliver on 2020 and 2030 renewable energy targets. In Latin America, Brazil looks to be the most exciting market of the moment, with both auctioned PPAs with distributors and free market contracts with large consumers on offer. In the Middle East, all eyes are on the upcoming 1.5 GW auction in Saudi Arabia, which is set to be extremely competitive.

China’s first solar PV auction produced staggering results

China recently announced the results of its first solar PV auction. A staggering 22.8 GW of projects awarded contracts in China’s inaugural auction. This is by far the world’s largest completed auction, with the next largest being the award of 3.9 GW of solar PV in Spain during July 2017. Awarded projects are intended to be connected by the end of 2019, facing tariff cuts for any delays.

Brazil overtakes Mexico for world’s lowest-priced solar PV contract

In June’s A-4 auction, Enerlife/Lightsource BP was awarded a contract for the 163 MW Milagres project for just 17.3 $/MWh, lower than the 18.93 $/MWh awarded in 2017 to Neon’s Pachamama PV project in Mexico.

Source: Wood Mackenzie

0 3

Iberdrola is moving forward with its renewables strategy with the Francisco Pizarro project which, with 590 MW and an investment totalling more than €300 million, will become Europe’s largest photovoltaic solar plant.

Francisco Pizarro, which is now being processed by the Ministry for the Ecological Transition, will occupy a 1,300-hectare site falling within Caceres’ municipal areas of Torrecillas de la Tiesa and Aldeacentenera. During the construction phase and until the plant is commissioned in 2022, up to 1,000 people will be employed on the site. It will be larger than the Núñez de Balboa photovoltaic plant that Iberdrola is building in Usagre (Badajoz) which, with 500 MW, is so far the biggest in Europe.

The project will generate enough clean energy to supply 375,000 people every year, more than the total population of the cities of Cáceres and Badajoz; and will prevent the emission of 245,000 tons of CO2 into the atmosphere every year, evidence of the value of this technology to protect the environment and mitigate climate change.

More than 2,000 MW under construction and processing

With the addition of Francisco Pizarro, Iberdrola is now building or processing more than 2,000 MW in Spain, accounting for 70% of investments in the company’s plan for 2022, with a target of 3,000 MW in the country.

The remaining renewable projects under development in Spain are, so far, the following:

• In Cáceres, Extremadura, the Ceclavín (328 MW), Arenales (150 MW) and Campo Arañuelo I and II photovoltaic plants (50 MW each) are undergoing administrative processing.
• In Andalusia, Iberdrola is developing the 50 MW Andévalo photovoltaic project, located within the largest wind farm in Continental Europe, promoted and managed by Iberdrola.
• The Romeral 50 MW photovoltaic project will be built in Cuenca;
• In Burgos, Iberdrola has wind farms with installed capacity of 73 MW under administrative processing (Herrera’s wind farm complex and La Lora’s one).

In Spain, Iberdrola has more than 700 MW renewables under construction (the Núnez de Balboa photovoltaic plant and wind projects in three regions), expected to go into service between 2019 and 2020.

All these renewable plants will become the flagship for Spain’s leadership in Extremadura, Spain and the European Union in the transition to a more sustainable energy system.

Plan to relaunch clean energy in Spain

Iberdrola is the biggest producer of wind energy in Spain, with installed power of 5,770 MW, while its total installed renewable capacity, including both wind and hydroelectric, is 15,790 MW. The company has a total of almost 30,000 MW installed capacity around the world.

The activities underway are part of the clean energies relaunch plan designed by Iberdrola in Spain, entailing an investment of 8 billion euros between 2018 and 2022 and commissioning 10,000 new MW until 2030.

The plan will create jobs for 20,000 people, almost ten times the number working in traditional generation in the company.

These projects form part of the global investments that Iberdrola will make between 2018 and 2022, totalling 34 billion euros.

Source: Iberdrola

0 6

The consortium, made up of the French Electric Company EDF, the Masdar Company from Abu Dhabi and the Moroccan Company Green of Africa, have chosen TSK for the design and construction of this innovative solar plant, with an investment of over 700 million Euro.

Five international consortiums were preselected in the bidding for the hybrid Project that combines photovoltaic solar energy (PV) and thermosolar energy (CSP) for Noor Midelt, 1 for the Moroccan Agency for Solar Energy (Masen), being EDF-MASDAR-Green of Africa the winning consortium.

The project consists of a PV-CSP hybrid plant, with a minimum of five hours of storage and a total installed capacity of 800 MW.

The plant, which is completely designed by TSK, will be the first in the world to integrate the two technologies in a single hybrid installation utilizing the advantages that each one has. On the one hand, the main advantage of thermosolar technology that we can outline allows for the generation of electricity at any time of the day in a manageable way due to having the capacity to store energy on a large scale. On the other hand, the main advantage of photovoltaic technology is its competitiveness when referring to investment and maintenance cost. With this type of technology a plant can be designed that can generate electricity from the sun for 24 hours a day at a cost that allows to compete with conventional energies from fossil fuels.

The project will rely on the funding agencies like the German Development Bank KFW, the World Bank, the African Development Bank, the European Investment Bank (EIB), the French Development Agency, the European Commission and the Clean Technology Fund.

TSK closed 2018 with sales of 1,107 billion Euro, making it one of the main Spanish engineering and construction firms with presence in the Power Sector, industrial plants, oil&gas, environment and mining. At present, its international activity represents more than 96% of sales and it is executing projects in more than 30 countries on 4 continents.

Source: TSK

0 6

SolarPower Europe presented its latest Global Market Outlook at the SolarPower Summit, showing another growth year for the solar PV industry in 2018. Global solar power installations increased by around 5% to 104.1 GW in 2018, in comparison to 99.1 GW in 2017. The EU-28 grew at a much higher rate, increasing by 36% to 8 GW in 2018, up from 5.9 GW of newly installed capacity in the previous year. Solar installations in Europe as a whole grew by 20% to 11 GW in 2018, up from 9.2 GW in 2017.

SolarPower Europe’s first market estimates show Germany regaining the number one solar spot in Europe after five years, adding nearly 3 GW in 2018, growing around 68% year-on-year. The second largest European market was the previous market leader Turkey, adding approximately 1.6 GW, with the Netherlands coming in for the first time as a top 3 solar market, adding 1.4 GW in 2018. France ranked just behind after adding 0.9 GW year-on-year, ahead of Italy with 0.5 GW.

On a global level, China remained the world’s leading market with 44.1 GW and a share of 42 %. While that is a 16 % decline compared to its record year in 2017, it is much higher than market experts had anticipated after China’s administration announced a reform of its solar subsidy program in May 2018. The top 3 global markets in 2018 alongside China were the US (11.4 GW) and India (8.3 GW).

Source: SolarPower Europe

0 0

Solar PV has experienced exponential growth in recent years, with global installed capacity increasing ten-fold from 2010 to 2017 – annual capacity additions rose from less than 20 GW in 2010 to 40 GW in 2014 and a record-breaking 97 GW in 2017. At the same time, wind power has continued to expand, adding about 50 GW annually over the past five years.

Together, solar PV and wind have the potential to transform electricity worldwide, with significant impacts on the operations of whole systems and the economics of all sources of electricity. But to what degree can we reasonably expect such exponential growth to continue?

China is the engine of solar PV growth

China has been the driving force behind the exponential growth of solar PV, accounting for 75% of global growth in solar PV deployment over the five years leading up to 2017 (though official data indicates that additions declined in China in 2018).

China’s success in this sector has been thanks to a virtuous cycle of strong policy support and falling technology costs. For example, China’s 2020 targets for solar PV have been ratcheted up several times, rising from an initial target of 1.8 GW set in 2008, to 105 GW in the 13th Five-Year Plan set at the end of 2016. Recent discussions are looking to 210 GW or beyond.

Support policies have also played a determining role in other world leaders of solar PV. In the United States, the extension of tax credits in late 2016 gave a significant boost to both solar PV and wind power markets, complementing state-level renewable energy goals that continue to evolve. In the European Union, the renewables target of 27% for 2030 set in 2016 was recently revised up to 32%. In India, implementation measures have been expanding, including in 2016 doubling the amount of land set aside for solar PV deployment.

What would exponential growth mean for annual solar PV deployment?

Driven in part by these strong policies, the solar PV market has grown dramatically, at a rate of 27% annually over the past five years. However continuing at this pace would mean a doubling of annual deployment every three years, passing 200 GW in 2020 and exceeding 2 100 GW in 2030. This would represent a massive scaling up that would go beyond any level of construction seen in the past, at more than 6-times the capacity of all technologies built in 2015. It would also require mobilising a dramatic level of investment.

For now, policy has been the key driver in accelerating deployment, but maintaining this growth rate would far outpace established policy goals. For example, combining the policy ambitions of the US, EU, Japan, China and India would require only about 70 GW of solar PV per year. Even in the case where actions to mitigate climate change and reduce air pollution accelerate, as defined in the IEA’s Sustainable Development Scenario (SDS), solar PV deployment in these leading regions would rise to about 120 GW per year to 2030, a level well below what is implied by continued exponential growth.

Falling costs will accelerate deployment, right?

In addition to support policies, solar PV growth has been driven by impressive cost reductions, falling by about two-thirds over the past five years with all indications pointing to further reductions in the future. New utility-scale solar PV projects completed in 2017 had average levelised costs of electricity (LCOE) of just over $100 per megawatt-hour (MWh), based on standard financing over 20 years. Best-in-class projects with preferential financing can costs as much as 60% less today and recent auction bids indicate that next wave of leading projects could cost $30 per MWh or less.

However, low costs do not guarantee accelerated deployment, as they are only part the story. In this light, to better assess the relative competitiveness of technologies WEO2018 included a new metric of competitiveness that has been developed over several years, called value-adjusted LCOE (or VALCOE).

VALCOE builds on the foundation of LCOE that incorporates all cost elements, but also adds three categories of value in power systems: energy, flexibility and capacity. Combining these elements provides a stronger basis for comparisons between variable renewables like solar PV and dispatchable.

From this perspective, hourly simulations of electricity demand, supply and electricity prices in China, India, the United States and European Union all point to a more complex picture for the competitiveness for several technologies, including solar PV.

In India for example, the LCOE of new solar PV is projected to drop below that of coal-fired power plants by 2025. But the story is different using VALCOE. As the share of solar PV surpasses 10% in 2030, the value of daytime production drops and the value of flexibility increases. After 2030, even with further cost reductions, solar PV becomes less competitive.

Ultimately, the ability of market forces to drive exponential growth will depend on the profitability of solar PV without government intervention. This calls for a healthy return on investment in the face of market risk, a challenging prospect for solar PV or any power generation technology today, as current market designs rarely monetise all the services provided. Exponential growth also calls for solar PV to outcompete not only alternatives for new investment but also the existing power plants based on costs and value.

For example, recent deployment of onshore wind highlights that falling costs alone may not lead to ever-increasing deployment. In 2017, the LCOE of onshore wind power continued to decline to about $75 per MWh globally, some 30% lower than utility-scale solar PV. However, global capacity additions fell for the second year in a row to 44 GW in 2017, well below the record of 65 GW set in 2015.

The future of solar PV, like so many parts of the energy system, will continue to depend largely on decisions made by governments. With pressing global and local environmental concerns, governments should look to ratchet up ambitions related to all low carbon options, including solar PV and wind power, but also nuclear, carbon capture utilisation and storage, hydro, bioenergy and renewables for heat and transport. Without this boost, the annual market for solar PV may stagnate or decline, an unfortunate fate that has happened to many other promising technologies.

BrentBy Brent Wanner
WEO Energy Analyst
International Energy Agency

0 1

Antonio Rodríguez Osuna, Mayor of Merida, and Luis Cid, OPDEnergy’s CEO, presented the details surrounding the PV plant denominated “La Fernandina”, whose construction shall start in the next few weeks in the municipality of Merida.

The PV plant will occupy an area of 100 hectares nearby the motorway of Alange and achieve a total power capacity of 50 MWp. The construction of La Fernandina will last for 9 months and require a total investment of 30 M€.

When in operation and connected to the grid at the end of 2019, La Fernandina will produce enough renewable energy to supply the equivalent of 26,000 households with electricity. According to parameters estimated and released by the Spanish Office for Climate Change (Oficina Española de Cambio Climático – OECC), such production will contribute to avoid the annual emission of 40,000 tons of CO2 into the atmosphere.

During the press conference from the city hall of Merida, the Mayor Antonio Rodríguez Osuna thanked the company for having chosen Mérida “for such important project that supposes a large investment and creation of employment, in addition the activity will generate an important economic return for the city in the future”.

Luis Cid Suárez, the CEO of OPDEnergy, which is specialized developing renewable energy assets in all stages (development, financing, construction and operation & maintenance), has publicly acknowledged the commitment deployed by the local authorities towards the production of renewable energy, “a commitment that made possible the project we are proud to present today”.

According to Cid, the construction of the plant will result in the creation of 200 new jobs at its peak. In addition, during the construction phase, the company will subcontract supporting services from local companies and the local community. In the Spanish Autonomous Community of Extremadura, OPDEnergy developed and built 8 solar photovoltaic plants with a total capacity of 32 MWp throughout its 13 years of activities.

Moreover, the company has projects to develop and invest in 4 new renewable assets in the region, amounting to over 500 MWp of capacity.

300 MWp in Spain in 2019

La Fernandina is one of the seven solar PV assets that OPDEnergy foresees to construct in 2019 in Spain. In total, these assets shall achieve a total capacity of 300 MWp. Therefore, besides the project presented in Merida, the international power company will bring to life 100 MWp in Andalusia – a 50 MWp plant in Puerto Real, Cadiz, and another 50 MWp plant in Alcalá de Guadaira, Sevilla –and 148 MWp in Aragon – through four assets amounting to 61 MWp in Zaragoza and 87 MWp in Teruel.

Outside Spain, the company will develop and construct a substantial amount of renewable energy projects across Mexico, Chile and the US, achieving the construction of a total of 500 MWp by the end of the year. Finally, and in line with its strategic focused on portfolio diversification, the company has under its pipeline the development of 5,000 MW (5 GW).

Source: OPDEnergy

0 0

Renewable energy is the most competitive form of power generation in Gulf Cooperation Council (GCC) countries, according to a new report published by the International Renewable Energy Agency (IRENA). Abundant resources, together with strong enabling frameworks have led to solar PV prices of below 3 cent$/kWh and dispatchable concentrated solar power (CSP) of 7.3 cents$/kWh, which is less than some utilities in the region pay for natural gas.

IRENA’s new ‘Renewable Energy Market Analysis: GCC 2019’, says achieving stated 2030 targets can bring significant economic benefits to the region including the creation of more than 220,000 new jobs whilst saving over 354 mboe in regional power sectors. The targets could reduce the power sector’s CO2 emissions by 136 million tonnes (22 per cent reduction), while cutting water withdrawals in the power sector by 11.5 trillion litres (17 per cent reduction) in 2020.

The findings come as GCC economies seek to diversify their economies against the backdrop of fast-growing domestic energy demand and a desire to safeguard hydrocarbon export revenues for the future.

“The GCC is among the most attractive regions in the world to develop large-scale solar and wind energy projects as a result of resource abundance and a favourable policy environment, a fact that is backed up by record low prices,” said IRENA Director-General, Adnan Z. Amin. “As a fossil-fuel exporting region, the GCC’s decisive move towards a renewable energy future is a signal to global investors and to the energy community that we are experiencing a step-change in global energy dynamics and a true energy transformation.”

“The UAE’s commitment to diversifying the energy mix is central to our long-term economic growth and sustainable development objectives,” said H.E. Suhail Al Mazrouei, UAE Minister of Energy. “IRENA’s GCC analysis provides further evidence of the strong socio-economic case for renewable energy deployment, from job creation to emission reductions. As we look to add generation capacity to serve growing populations and expanding economies, renewables will increasingly serve as central pillar of low-carbon development.”

At the end of 2017, the region had some 146 GW of installed power capacity, of which renewable energy accounted for 867 MW. Around 68 per cent this capacity was in the UAE. This represents a four-fold increase on capacity in 2014. Following the UAE are Saudi Arabia with 16 per cent and Kuwait with nine per cent of regional capacity.

With renewable energy targets now in place across the region, the GCC is poised for a significant acceleration in renewables deployment as countries pursue national goals. Under current plans, the region will install a total of almost 7 GW new power generation capacity from renewable sources by the early 2020s.

Solar PV dominates the region’s renewables outlook, accounting for three-quarters of the regional project pipeline, CSP and wind accout for 10 per cent and nine per cent respectively. Solar-assisted enhanced oil recovery in Oman is also expected to contribute about 1 GWth in 2019.

Proactive policies are central to accelerating renewable energy deployment, per the report, suggesting that lessons can be drawn from the GCC countries where substantial inroads have been made thanks to firm government commitments and credible, time-bound targets with a clear focus on a supportive business environment for investments.

Source: IRENA

123...5Next Page 1 of 5
COMEVAL
ELT
COFAST-PASCH
AERZEN
IMASA

solar PV Archives - FuturEnergy

© Copyright 2018 - FuturEnergy