Solar auctions are having their intended effect: Prices for developers are tumbling across Asia. While that’s good news for consumers, solar companies might have to reconsider the economics of projects already under way.
Energy Voice 30th Nov 2017 read more »
Emerging markets now account for the majority of growth in solar power, according to new data from Bloomberg New Energy Finance (BNEF). Led by China and India, these developing economies are behind dramatic recent growth in solar capacity, which expanded by 33% in 2016. China alone installed 27 gigawatts (GW), around 40% of the world’s new solar last year. Brazil, Chile, Jordan, Mexico and Pakistan all at least doubled their solar capacity in 2016. In total, solar accounted for 19% of all new generating capacity in the emerging markets tracked by BNEF. However, solar still only accounts for 5% of capacity and 1.3% of electricity generation globally. But its exponential growth in recent years has been driven by national policies and a combination of photovoltaic module prices falling more than threefold.
Carbon Brief 29th Nov 2017 read more »