7 June 2017 2017 09:45 AM GMT

Solar Power Exceeds Wind Installations; Can Surpass 80GW In 2017, 1TW In 2021

SolarPower Europe has launched the ‘Global Market Outlook for Solar Power 2017-2021.‘ The report confirms that 2016 was another record year for solar, with global annual solar additions growing by 50% with 76.6 GW installed. There is now a total worldwide solar power generation capacity of 306.5 GW.

Christian Westermeier, President of SolarPower Europe, stated: “Never before have we seen more solar power being installed in a single year than in 2016. For the first time, solar left behind its renewable energy peer, wind, in terms of annual installations. This proves the versatility and increasing cost-effectiveness of solar power.”

James Watson, CEO of SolarPower Europe commented: “When looking at solar, the cost reductions experienced and predicted outstrip all other power generation technologies. Today, utility-scale solar is already cheaper than new gas, coal and nuclear power plants.

” SolarPower Europe foresees that solar will continue its growth in 2017. “Despite the gigantic leap that resulted in the more than 50% growth year on year of annual solar installations in 2016, there is a good chance that the market could even pass the 80 GW mark in 2017,” said Watson.

The quickly decreasing cost of solar continues to improve its competitiveness and is a major driver for solar’s global success story. All solar tenders awarded since 2016 are lower than the price guarantee the UK government signed for the Hinkley Point C nuclear power plant last year. A new world-record low 25-year solar power supply contract was awarded in Abu Dhabi in 2016 for 24.4 USD/MWh (2.4 US cents/kWh). This is reflected in this year’s report being more optimistic on solar growth than previous editions.

“If policy makers get things right by addressing the needs for a smooth energy transition, such as through establishing the right trade policy, electricity market design and renewable energy frameworks, solar demand could increase much faster, and touch nearly 1 TW of total generation capacity in 2021,” said Michael Schmela, Executive Advisor at SolarPower Europe and lead author of the Global Market Outlook.

SolarPower Europe is a member-led association representing organisations active along the whole value chain. Our aim is to shape the regulatory environment and enhance business opportunities for solar power in Europe. The Global Market Outlook is the flagship publication of SolarPower Europe. Produced in-house by SolarPower Europe’s market intelligence team and with the support of its members, the report provides forecasts on solar market developments and trends for the coming 5 years. This year, SolarPower Europe has started a cooperation with the Global Solar Council and Intersolar Europe for this report.

June 23rd 2017
Wind Power Can Provide Energy On Coldest Days: Met Office, Imperial College

A new study by climate scientists has advanced the understanding of the potential for wind power to provide energy during the coldest spells of winter weather. The team, which involved scientists from the Met Office Hadley Centre, Imperial College London and the University of Reading, compared wind power availability with electricity demand in winter and they found an interesting result. The team found that during the highest 5% of energy demand days, one-third produce more wind power than the winter average. “The very coldest days are associated with a mix of different weather patterns, some of which produce high winds in parts of the UK.

June 18th 2017
ČEZ Enters French Wind Energy Market With 100MW Portfiolio Initiated By ABO

ABO Wind reports its largest single transaction in the company’s history to date. The project developer has sold nine wind farm projects with a total nominal capacity of about 100 megawatts to the Czech supplier ČZ. 70 percent of ČZ is owned by the Czech government and it is by its own account among the ten largest European energy suppliers. ČZ operates wind farms in several European countries – including Germany – and will now enter the French wind market in cooperation with ABO Wind.

June 23rd 2017
Indian Firm Wins 1.8GW Sweihan Order; The Largest Solar PV Project In The World

Indian company Sterling and Wilson has won the contract for the world’s largest single location solar PV project. The Sweihan project in Abu Dhabi is for turnkey EPC as well as O&M; and is jointly developed by Japanese investment firm Marubeni, Chinese solar company Jinko Solar, and Abu Dhabi Water and Electricity Authority (ADWEA). It will deliver a capacity of 1177 MWp, surpassing the current largest 850 MWp single location plant in China. In March 2017, Marubeni and Jinko had signed a 25-year PPA with ADWEA on a tariff of $0.0242/kWh, making Sweihan also the plant with the lowest electricity price so far.

June 7th 2017
Solar Power Exceeds Wind Installations; Can Surpass 80GW In 2017, 1TW In 2021

SolarPower Europe (SPE) has launched the ‘Global Market Outlook for Solar Power 2017-2021.’ The report confirms 2016 as another record year for solar, with global annual additions for solar growing by 50% with 76.6 GW installed. There’s now a total worldwide solar power generation capacity of 306.5 GW. James Watson, CEO of SPE said: “When looking at solar, the cost reductions experienced and predicted outstrip all other power generation technologies. Today, utility-scale solar is already cheaper than new gas, coal and nuclear power plants.”

June 20th 2017
EDF, Canadian Solar Join Forces For One Of The Largest Solar Projects In LATAM

EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II PV project (115 MWp) from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the PV panels locally. It marks the latest step by EDF in Brazil’s renewable energy sector. With this addition, it now has 489 MW under construction, consisting of 183 MW (wind) and 306 MWp (solar). The project is located close to Pirapora I (191 MWp), also jointly owned by both companies. With a total installed capacity of over 300 MWp, the energy generated by both projects will cover the annual electricity consumption of 323,000 Brazilian homes.