Solar power

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!
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There’s a big reckoning happening in the solar inverter space right now. SolarEdge, an Israeli startup that we’ve profiled previously just announced bigger than expected earnings, sending their SEDG stock price up 5 points or a whopping 30% in today’s trading…
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Earlier this year, Advanced Microgrid Solutions (AMS) and Tesla Motors, under its ‘Tesla Energy division’, inked a massive 500 MWh supply deal for battery packs to power AMS’ “hybrid-electric buildings” concept. Today AMS announced a new project under the agreement with Tesla to install a first phase of Powerpacks at up to 24 office buildings owned by The Irvine Company, a real estate company with properties throughout coastal California.
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According to a new report from GTM on Sunday, SunEdison sent out an internal memo last Friday to announce an important restructuring process which will include laying-off about 10% of the company’s workforce. The restructuring comes amid investor concerns about the company’s strategy which has been “all over the place” lately. Most notably, the company’s acquisition of the residential solar installer Vivint for $2.2 billion earlier this summer.

The decision to buy a residential solar provider was out of SunEdison’s core business, which mostly consist of developing utility-scale solar projects. Now the company might have to sell some of these projects in order to get rid of mounting debts (~$10 billion).
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SolarEdge announced a significant upgrade to their smart inverter line this today called “HD-Wave” which will have a profound impact on the solar industry. Further followup from SolarEdge yields a nice (HDWave PDF) Deck as well outlining some of the bigger upgrades.

In short, SolarEdge has done for the inverter (a critical piece of the solar ecosystem which turns DC powered Solar/Wind/hydro electricity into AC which is used by homes and long poweline distance travel) what flat panels did for the TV just a decade or so ago.  The new technology uses 16 times fewer magnets, smaller thin film capacitors and much less cooling to yield a 99% efficient power transformation. That not only makes solar installs less expensive, more productive and easier, it makes Tesla’s Powerwall a whole lot smaller…
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Following Tesla’s introduction of a new selection of battery packs for residential, commercial and industrial use, SolarCity announced the integration of these batteries to their solar system offering. This new offering will include the option to go completely off-grid for select customers starting by home owners in Hawaii.

Combining photovoltaic panels with Tesla’s battery packs will allow home owners to power their house on sunlight day and night.

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The AP reports today that IKEA will begin selling solar panels. Not just a back up iPad battery but like whole house to grid assemblies.

Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide. The company started selling solar panels made by China’s Hanergy in its store in Southampton on Monday. It will sell them in the rest of Britain in coming months, it said.

A standard, all-black 3.36 kilowatt system for a semi-detached home will cost 5,700 British pounds ($9,200) and will include an in-store consultation and design service as well as installation, maintenance and energy monitoring service.

Getting Solar in front of more eyes and making it easier for consumers to swallow is a big step in improving consumer adoption. If the UK test run is successful (and if you can sell solar in cloudy Britain, why not?) then I’m hoping to see a wider rollout globally.

Even in Britian, the break even point for solar is 7 years so I’d imagine sunnier places, like *everywhere*, will be more successful. The UK does have a solar friendly environment however:

The U.K. government offers private solar panel owners the opportunity to sell back electricity to the grid on days when they have surplus production and has a financing plan for solar power investments, which means residents can buy a system for no upfront cost and pay it off gradually.