Polaris Solar Photovoltaic Network News: On September 8, the US Department of Energy released a research report on solar energy. The research report outlines how solar energy can help decarbonize the US grid and help achieve the government's goal of net zero emissions from the power sector by 2035. Research shows that by 2035, solar energy has the potential to supply 40% of the electricity in the United States and provide nearly 1.5 million jobs without causing electricity bills to rise. The report calls for a substantial increase in the installed capacity of photovoltaic power generation. According to the vision blueprint of the US Department of Energy, the country’s photovoltaic power generation needs to rise from 76GW in 2020 (about 3% of the national power supply) to 1600GW in 2035, and reach 3000GW in 2050. . Last month, the Ministry of the Interior announced that it would start a process to ensure easier access to vast federal land for solar and wind energy, and to address the greedy demand for land in the renewable energy industry. According to research firm Rystad Energy, the US's goal of achieving decarbonization of the power sector by 2035 requires that the solar energy industry alone requires a larger area than the Netherlands. More than 700 companies have written to Congress seeking long-term extension of tax incentives for solar investment, which will "alleviate project financing challenges." Last month, the latest report released by Ember, an independent think tank concerned with climate issues, stated that the EU's solar energy supply reached a record high in June and July, accounting for 10% of the region's total power generation. Judging from the 2020 report, China's wind and solar energy supply last year accounted for 9.8% of total electricity consumption. China is the only G20 country that has seen a significant increase in coal power generation in 2020.
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Polaris Solar Photovoltaic Network News: Brazil’s solar installed capacity has exceeded the 10,000 MW mark, which is equivalent to 70% of the world’s second largest hydro power station-Itaipu Hydro power Station, and Brazil has also ranked among the world’s solar installed capacity rankings. The 14th place on the list. At present, solar energy occupies the fifth place in Brazil's electric energy structure, which is higher than that of thermal power plants powered by petroleum and other fossil fuels, which have an installed capacity of about 9,100 megawatts. The Brazilian Photovoltaic Solar Association (Absolar) stated that this achievement is directly attributable to the investment of more than 52.7 billion reais since 2012. The market expects that after the new regulatory framework for distributed power generation is approved, the The investment will continue to grow. The new law stipulates that projects currently under construction and projects established within 12 months after the promulgation of the new law can enjoy discounts on power grid usage fees before 2045. The Brazilian Association of Distributed Generation (ABGD) estimates that this measure may encourage an additional 10,000 megawatts of installed capacity within two years.
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According to the latest semi-annual report released by the market research agency Mercom Capital Group, in the first half of this year, the total amount of corporate financing in the global solar energy sector reached 13.5 billion U.S. dollars, a 193% increase from the 4.6 billion U.S. dollars in the same period in 2020. “Compared with last year, which was severely affected by COVID-19, investment in the solar energy sector increased across the board in the first half of this year,” said Raj Prabhu, CEO of Mercom Capital Group. “As global solar developers expand production scale, fossil energy such as oil and natural gas The company continues to transform into a renewable energy business, various funds have begun to purchase more renewable energy assets, and corporate acquisition activities in the solar field have also increased significantly." In the second quarter of this year, the number of solar projects acquired reached a record high, with more than 24 GW of installed solar projects, compared with 14.6 GW in the first quarter, according to the report. Raj Prabhu believes that investment trends in environmental, social and corporate governance have affected the acquisition of solar projects worldwide in the first half of this year. According to the report, solar project developers and independent power generators were the most active acquirers in the second quarter of this year, with a total of 13.3 GW of solar projects; followed by oil and gas giants, with a total of 9 GW of solar projects. In the first half of this year, solar open market financing also skyrocketed by 386%, with 13 transactions raising US$3.7 billion, compared to only 6 transactions in the same period in 2020, raising a total of US$758 million; venture capital financing An increase of 680%, a total of 26 transactions raised $1.6 billion, and in the first half of 2020, $210 million was raised for 14 transactions. At the same time, the solar-related debt financing activities announced in the first half of this year also increased by 125% over the same period last year.
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According to the latest report of EUPD Research in Germany, a 7 kW photovoltaic system connected to a 7 kWh household battery can provide 80% of the electricity required for an electric vehicle with an average annual mileage of 14,000 kilometers. According to the market research company, this is equivalent to an annual electricity consumption of 2500 kWh. The company stated that the use of a 6 kW photovoltaic array combined with a 6 kWh battery can also provide the same proportion of electricity for an electric car with an annual mileage of 5000 kilometers and a power demand of 900 kWh, and calculates the frequent travel, electricity A vehicle requiring 5000 kWh requires a 12 kW system with energy storage capacity. (Image source: pv-magazine) Even without energy storage, electric vehicle drivers can use a large portion of solar energy. For example, a 7 kW system without a battery can meet 39% of a car's electricity demand through solar power generation. EUPD Research also said that solar + energy storage solutions can greatly reduce charging costs. It believes that a set of 10 kW system with energy storage can save up to 52% of charging costs. This is equivalent to saving 415 euros per year. Martin Ammon, managing director of EUPD Research, said: "In order to store spontaneous solar power for use in electric vehicles, household energy storage systems are essential, especially in winter."
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The Ministry of Energy of Thailand will adjust the supporting policies for civilian photovoltaic power generation systems to increase the proportion of household photovoltaic power generation systems installed while advancing the development of the national clean energy strategy, so as to achieve spontaneous self-use of surplus electricity. In order to achieve better encouragement and support, the Ministry of Energy is considering increasing the current on-grid electricity price of civilian photovoltaic power generation systems from the current 1.68 THB/kWh to 2-2.20 THB/kWh. Photovoltaic power generation, especially household photovoltaic power generation, is an important supplement to the national energy security strategy. The government encourages and supports families to use roof space to install photovoltaic power generation systems. UISOLAR, as a solar mounting supplier for more than 10 years, can offer different brackets suitable for different roofs. The rooftop photovoltaic power generation system can not only provide all the needs of household electricity, but also sell the surplus electricity to the country through grid connection, so as to obtain additional income. As a clean energy source, photovoltaic power generation will not cause damage to the surrounding environment. Thailand has long sunshine hours throughout the year, and the prospect of household photovoltaic power generation systems is very broad. As a market with huge potential and broad prospects, Thailand has always been concerned by UISOLAR. There are still many places in remote rural areas in Thailand that are not connected to electricity, and photovoltaic power generation systems are very suitable for promotion in these places. In the past year, only 3-4 MW of household photovoltaic power generation have been connected to the grid, which is far from the 100 MW target. After consulting with experts, the Ministry of Energy decided to adjust the support policy and increase the purchase price of photovoltaic power generation to attract more households to install photovoltaic power generation systems. This year's goal is to increase to 50 MW and next year to 100-200 MW.
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The latest report from the International Renewable Energy Agency (IRENA) shows that compared with the most competitive fossil fuel options, the share of lower-cost renewable energy has doubled in 2020. The cost of the 162 gigawatts (GW) or 62% of the total renewable power generation added last year was lower than the cheapest new fossil fuels. The cost of renewable energy power generation in 2020 shows that the cost of renewable energy technology continues to drop significantly year-on-year. Concentrated solar power (CSP) fell 16%, onshore wind power fell 13%, offshore wind power fell 9%, and solar photovoltaic fell 7%. Due to the low cost, renewable energy has increasingly weakened the operating costs of existing coal. Low-cost renewable energy provides a strong business case for developed and developing countries to pursue a net-zero economy for coal power generation in the past. New renewable energy projects in 2020 alone will save emerging economies up to US$156 billion in their life cycles. By 2022, global renewable energy costs will further decline, and onshore wind power will be 20-27% lower than the cheapest new coal-fired power generation program. In the next two years, 74% of all new solar photovoltaic projects that will be competitively purchased through auctions and tenders will have a bid price lower than that of New Coal Power. This trend confirms that low-cost renewable energy is not only the backbone of the power system, but will also be electrified in end-uses such as transportation, construction, and industry, and will enable competitive indirect electrification through renewable hydrogen. We-uisolar is doing our best to do Contribute to new energy. We have more than 10 years experiences at solar racking. And we will do it all the time.
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Universe Solar(UISOLAR) is a high-tech enterprise specializing in the development,manufacturing and marketing of PV mounting. With our top quality and service, UISOLAR mountings are welcomed by most of the installers, distributors, and EPC ect. all over the world.
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