7 July 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 22nd 2018
Growth Of Renewables In Peru As Enel Opens Largest Wind Farm In Country

Enel is now Peru’s leading renewable energy generator with around 1.1 GW of installed capacity following the commissioning of Wayra I which, with more than 132 MW, is now Peru’s largest wind farm. Built in approximately a year and comprising 42 wind turbines of 3 MW over each, it’s expected to produce 600 GWh per year; enough to avoid the annual emission of over 285,000 tonnes of CO2 into the atmosphere. The energy generated by the wind farm is being delivered to the Peruvian transmission grid (SEIN) through the Poroma substation. The project is supported by a 20-year energy supply contract with Peru’s Ministry of Energy and Mines.

June 20th 2018
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

June 19th 2018
ABB Microgrid In South Australia Strengths Power Grid And Improves Reliability

ABB will supply a microgrid solution to the Energy Storage for Commercial Renewable Integration (ESCRI) project, which will provide a more secure power supply in an area that has high renewable penetration into the grid. The solution will connect an ABB Ability PowerStore 30 megawatt (MW) battery energy storage solution to the Electranet transmission system enabling the value stacking of storage in the regulated energy market, improving power reliability. ABB has installed over 40 such global sites, serving remote communities, islands, utilities and industrial campuses.

June 14th 2018
Major Wins For Solar As EU Increases Renewable Energy Target

The European Parliament, European Council and European Commission have agreed to a binding 32% EU renewable energy target for 2030, up from the original proposal of 27%. James Watson, CEO SolarPower Europe commented ‘The deal is a good one for solar. We see a much more ambitious target than was expected just a few months ago and importantly we have a strong framework for self-consumption and prosumers. Households wake up this morning with the knowledge that they will have a new right – the right to self-generate, consume and store the energy they produce. This is a major achievement.

June 18th 2018
IET’s Renewable Power Generation Conference Comes To Copenhagen

The Institution of Engineering and Technology’s popular Renewable Power Generation conference will be making its first visit to Denmark this year. The conference, now in its 7th iteration, will be hosted by the Center for Electric Power and Energy at DTU, which also manages the world-class experiment platform for research and development of renewables integration – PowerLabDK. Over 180 new research papers will be presented at the conference. Attendees will be able to find out the latest ideas and thinking around wind power plant modelling and control; wave and tidal energy; renewable energy forecasting; power conversion and grid interaction; Hybrid systems combining multiple energy sources; the impact of distributed generation and use of HVDC.