Vietnam introduces utility-scale solar FiT and rooftop net metering – FiT for utility-scale solar PV would be VND2.086/kWh (US$0.0935), exclusive of Value Added Tax. The FiT would be subject to fluctuations in the VND/US$ exchange rate and would only apply to projects where the cell efficiency is more than 16% or module efficiency more than 15% – A 90 million person country opening the utility and residential solar power market. Each country is a laboratory (Bahrain doing net metering hit yesterday) – it reminds me just a bit of watching individual US states and their experiments. Utility scale solar power with an almost $.10/W revenue stream will grow the industry – net metering generally does as well. These two programs should lead to significant expansion.
Industry exemptions of renewable taxes at €17 bln in 2017 in Germany – Yet, public approval for the program stays high. If German economic growth can continue, while the environment can be greened – then the people will support. That industry can afford to keep jobs in house helps – that the renewable industry itself generates significant revenue from global exports that comes back to Germany probably helps a bit. Also, that so many regular people are getting the incentive paid to themselves – instead of power companies – also helps. Its a dynamic moment when the people whole heartedly support industry tax cuts.
Terawatt-scale photovoltaics: Trajectories and challenges – Currently, we’ve got about 300-350GW of solar power deployed globally. 10% compounding growth today through 2030 gets us to 2,700GW. This paper focuses on what would be needed to get us to 5-10TW – growth rates of 20-30% a year. The challenges –
- A continued reduction in the cost of PV while also improving the performance of solar modules
- A drop in the cost of and time required to expand manufacturing and installation capacity
- A move to more flexible grids that can handle high levels of PV through increased load shifting, energy storage, or transmission
- An increase in demand for electricity by using more for transportation and heating or cooling
- Continued progress in storage for energy generated by solar power
Not a small list.
Green bond issuance up 42% in first quarter of 2017 – Globally, total green bonds issuance stood at $21.76 billion during the first quarter of 2017. A diverse range of private and government organisations have issued green bonds, from Apple and Toyota to the French government and New York’s Metropolitan Transportation Authority. France, Iberdrola, and Enel have issued a total of $10.39 billion in green bonds – representing around 48 per cent of the total issuance for the first quarter of 2017. Climate Bonds Initiative raise its issuance estimate for this year from $130 billion to $150 billion. Rating agency Moody’s is even more optimistic, projecting $208 billion to be issued in 2017. Lots of interesting information – most important thing that I see is breadth in the market. I’m not a true finance person – so I can’t tell if $100-200B is defined as market depth. I’ve heard many times $1T/year in clean energy investment is needed to ‘save the planet.’ If so, with bonds alone, we’re 1/5 of the investment path there.
#exxonknew in the mid 1970s. We had experimental evidence in the 1930s based upon equations from the 1890s.
25 years old: IPCC first report warning of global warming induced climate change http://t.co/vryZUbKqtg @readfearn pic.twitter.com/Y9kMGlMMRw
— Prof Ray Wills (@ProfRayWills) March 31, 2014
Header Image – Greenvolts were high efficiency solar panels – and the manufacturer seemed to fade away. Found this image while browsing old solar news last night.
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