The UK solar industry has slashed costs at a faster rate than anticipated and could be on track to become the lowest cost form of new generating capacity over the next decade. That is the eye-catching conclusion of a major new analysis conducted by the Solar Trade Association (STA), drawing on the latest cost data from solar farm developers across the UK. The group said plummeting costs were making new solar projects competitive with other forms of new generation, such as onshore wind farms and gas power plants. As such it is predicting a significant uptick in solar farm development next year as corporate customers start to make wider use of Power Purchase Agreements (PPAs) that allow them to directly access power from projects capable of delivering clean and cost competitive electricity. The STA is calling on the government to deliver three targeted policy measures: the introduction of a technology-neutral floor-price Contract for Difference auction; the completion of network access and charging reforms to better support storage and solar PV projects; and the provision of a Climate Change Levy exemption for newly built zero-carbon generation procured through corporate renewable power purchase agreements (PPAs).
Business Green 12th Dec 2018 read more »
An updated technical guide to co-locating renewables and battery storage has clarified previously conflicting guidance on the matter, removing barriers and potentially unlocking the “tremendous potential” of solar homes. Late last week energy regulator Ofgem published an update to its technical guidance on co-locating renewables and storage, aiming to clarify a number of problem areas that had arisen since its maiden guidance on the subject was released last year. Within that guidance was the clarification that homes with solar already installed that then added battery storage units or smart meters would continue to receive deemed export tariff payments, a matter which had been in doubt following some contradictory guidance.
Solar Power Portal 11th Dec 2018 read more »
A new Desert to Power Initiative – outlined at the UN Climate talks in Poland – intends to provide 250 million people in Africa with electricity through the development of 10 GW of solar by 2025. The Desert to Power Initiative was first brought to light in June of 2018 when the African Development Bank, the Green Climate Fund, and the Africa50 investment fund signed a letter of intent on the side-lines of the annual meetings of the African Development Bank. The three organisations intend to collaborate on the project which will develop 10 GW worth of solar through the massive Sahel region of Africa – located between the Sahara Desert to the north and the Sudanian Savanna to the south.
Renew Economy 12th Dec 2018 read more »