Solar power Stories September 2, 2016
After launching their campaign for the innovative and very reasonably priced Sion solarcar at the end of July, Sono Motors, based in Munich, has three days remaining in its campaign to garner final support from backers on Indiegogo after recently reaching their goal of €150,000. expand full story
Solar power Stories July 4, 2016
In a new report released by SolarCity, we are seeing that solar power systems have a usable lifetime of at least 35 years – 40% longer than the market expects. The key finding of the report is that power degradation (annual efficiency loss) of solar panels supplied to SolarCity is as much as 35% lower than for a comparable industry-wide selection of non-SolarCity panels, which are typically expected to last for 25 years. SolarCity feels it is the implementation of a stringent and industry-leading “Total Quality Program” that has driven this. expand full story
Solar power Stories June 16, 2016
On May 26, 2016 – “U.S. Rep. Mike Honda (D-Silicon Valley, Calif.) introduced H.R. 5350, the bipartisan Energy Storage for Grid Resilience and Modernization Act. Honda was joined by Reps. Chris Gibson (R-NY), Tom Reed (R-NY) and Mark Takano (D-CA).” The purpose of the legislation is to clarify that energy storage industry receives a 30% tax credit equivalent in nature to what the Renewable Energy industry gets. The 30% Solar Power Tax Credit, is credited with being one of the major drivers for the solar power installation boom in the United States.
Solar power Stories June 12, 2016
GreentechMedia did the work to determine “Solar Made Up 64% of New Electric Generating Capacity in the US in Q1 2016.” This first quarter is part a potential 119% growth in the solar industry in 2016 – greater than $30 billion in revenue. And these announcements are on top of many other recent solar proclamations – 1,000,000 rooftops, record low pricing, leadership in jobs count and growth, whole countries running on renewables and more. With the Earth setting record warm months, every single month, its good that solar power is becoming sexy – but can we keep up the pace long enough to win the war?
Solar power Stories June 9, 2016
Tuesday, SolarCity produced greater than 10GWh of solar electricity via its customer base. This doubles the 5GWh peak in 2015 and more than triples the 3GWh in 2014. SolarCity has over 280,000 customers and greater than 2.16GW installed as of the end of the first quarter – that volume is expected to grow 218MW in the second quarter and to be greater than 3GW before the end of 2016. The summer day peaks around June 20 – meaning we’ll probably see more records broken. expand full story
Solar power Stories May 25, 2016
The US Department of Energy (DOE) is readying the power grids for solar power to meet 100%, and greater, of local electricity demand as solar peaks mid-day. The DOE is funding a series of projects whose broad goal is to make the power grid more able to be monitored and managed while dealing with less predictable and controllable forms of electricity generation.
Solar power Stories May 6, 2016
Solar power Stories May 2, 2016
Dubai received bid of $.0299/kWh for 800MW of solar power. This price represents the lowest yet recorded for solar power (and might not represent the end of the price drops…).
Dubai Electricity and Water Authority (DEWA) has received 5 bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park, said HE Saeed Mohammed AlTayer, MD & CEO of DEWA. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The next step in the bidding process will review the technical and commercial aspects of the bids to select the best one.
In the USA, in 2014 and with incentives, utility scale solar projects averaged $.05/kWh. On this bid alone, five companies bid below $.045/kW – without subsidies! expand full story
Solar power Stories April 28, 2016
I Was Wrong About the Limits of Solar; PV Is Becoming Dirt Cheap.
The price of solar power is falling faster than many thought was possible. Harvard’s David Keith comes honest with us about solar power: “Facts have changed. I was wrong.”
The unsubsidized electricity cost from industrial-scale solar PV in the most favorable locations is now well below $40 per megawatt-hour and could very easily be below $20 per megawatt-hour by 2020. Compared to other new sources of supply, this would be the cheapest electricity on the planet.
The price of solar power has fallen for multiple reasons – the largest is that the volume of solar power being manufactured has skyrocketed. Of the almost 240GW of solar power installed globally, 85% of it has been installed in the past five years.
Solar power Stories April 21, 2016
SunEdison (SUNE) officially files for bankruptcy – Wall Street couldn’t wait
SunEdison has officially filed for bankruptcy. This has been expected by some players as far back as the 3rd quarter of 2015. SUNE has been a big player in the solar industry for a long time as they’ve strived to become the biggest global developer. By aggressively going after growing markets around the world and innovating with Solar Power YieldCos it looked like SunEdison might make it as well. Now, both SunEdison and their YeildCo is being sued. Alas…this party has come to an end.
