Having installed 660MW of new solar PV in the 12 months to 31 March 2021, large-scale solar sites across the UK are now eagerly awaiting expected declines in module prices, allowing 2021 deployment to reach and exceed the GW-levels forecast earlier in the year. While this ground-breaking hiatus continues, more planning applications are adding to the pipeline, now well in excess of 15GW. About 15-20 sites (mostly in the 40-50MW range each) are ready to go, but without any incentive deadlines to drive early build, it simply requires a reset in module related capex back to levels seen at the end of 2020. Indeed, the situation in the UK is not too different to other GW-scale global end-markets. Nobody is enjoying the uptick in module pricing, brought about by a combination of polysilicon tightness and wafer supplier desperation at accessing polysilicon to operate ingot/wafer fabs, at almost any cost. These two issues – entirely China driven – are now acting in unison, to the detriment of the industry as a whole.
Solar Power Portal 1st June 2021 read more »
BP has increased its portfolio of renewable energy projects by more than 60 per cent with a $220 million deal to buy a number of solar developments in the United States. The oil group will buy the projects from 7X Energy. They have production capacity of nine gigawatts, enough to power 1.7 million homes in the US when built. The acquisition marks BP’s first independent investment in solar since buying a stake in Lightsource, Europe’s largest solar developer, in 2017. The new assets will be developed and operated through its 50-50 joint venture with Lightsource BP.
Times 2nd June 2021 read more »