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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Recently, the Brazilian Photovoltaic Association announced that in the past two months, Brazil has added 1GW of photovoltaic installed capacity, which means that the cumulative photovoltaic installed capacity of the most active photovoltaic market in South America has exceeded the 9GW mark. In the past year and a half, distributed photovoltaics have made considerable progress in the Brazilian market, and at the same time, more and more power purchase agreements have been signed by large-scale ground power stations. By the end of 2020, Brazil's distributed photovoltaic capacity has reached 5GW, occupying most of the market share. In 2020 alone, distributed photovoltaic capacity will increase by 4.4GW, accounting for 59% of the total annual new capacity. Although the Brazilian government plans to abolish all wind and solar new project subsidies in 2022, with the continuous outbreak of distributed and large-scale ground-based photovoltaic power plant applications and development, Brazil's photovoltaic installed capacity in 2021 is very likely to reach a new high. Reprinted Polaris Solar Photovoltaic Network Statement
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Singapore’s Green Plan 2030 could spearhead investments in solar sector By Edith Hancock Singapore’s recently unveiled Green Plan 2030 could kickstart the country’s emerging solar sector, according to a new report from analyst Fitch Solutions. The market research group assessed the a range of targets that make up the plan, including the deployment of 2GW of solar PV by 2030. The Green Plan sets out a target to quadruple Singapore’s solar fleet within the next four years, which includes covering Housing and Development Board properties with solar panels. The government has also set out a mission to be a “leading centre for green finance” both in Asia and worldwide, developing green finance investment solutions and building up knowledge in the sector. Fitch said in a report that the strategy could “spearhead investments into cleaner infrastructure, which will be an increasingly important growth driver in the market over the longer term”. It said that the country’s high solar irradiance makes the country “very attractive” to prospective developers, although the scarcity of land suitable for large-scale solar will mean that the majority of growth will come from rooftop or floating PV installations. A number of multinational corporations are tapping into Singapore’s potential for solar through alternative developments. Tech giant Amazon said in March it will fund the development of 62MW of solar by procuring power from a network of ‘moveable’ installs that are to be developed by clean energy company Sunseap. Local utility Sembcorp is also working on a 60MW floating solar project, set to be among the world’s largest, after it was selected for the task by Singapore’s National Water Agency PUB. Although growth will be driven by smaller-scale installations and floating PV, oil and gas major Shell said last November it is exploring the possibility of installing utility-scale solar within the island city state as part of its plan to reach net-zero emissions by 2050. The oil company has also made investments in local developers Sunseap and Cleantech, which itself plans to install 500MW of commercial and industrial solar PV. The Fitch report also noted policy changes that have enabled a faster uptake of large-scale solar. Singapore’s Energy Market Authority has lowered one aspect of its license fee for installations ranging from 10MW to 400MW capacity, reducing the overall cost of installation. The report warns the lack of available land for larger developments will “curb a substantial solar capacity build-out”, and predicts that the country will reach roughly 1.5GW of installed PV by 2030, rather than the 2GW targeted by the government. We, UISOLAR specialized in Solar Mounting suppling for Singapore market for more than 10years. Several clamps customized for Singapore Market always to be hot sales in the market. And also, the UISOLAR Ballast Mounting designed for the Flat concrete roof, which is light , easy installation , also hot in Singapore. Any&n...
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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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