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Researchers from the U.S. Department of Energy (DOE) National Renewable Energy Laboratory (NREL) are making available the most detailed component and system-level cost breakdowns to date for residential photovoltaic (PV) solar systems equipped with energy storage-and quantifying previously unknown soft costs for the first time.

Read more: Installed Costs and Deployment Barriers For Residential Solar PV + Storage Systems

Researchers from the U.S. Department of Energy (DOE) National Renewable Energy Laboratory (NREL) are making available the most detailed component and system-level cost breakdowns to date for residential photovoltaic (PV) solar systems equipped with energy storage-and quantifying previously unknown soft costs for the first time.

Read more: Installed Costs and Deployment Barriers For Residential Solar PV + Storage Systems

Performance ratio is the figure of merit of  a solar plant for its conversion efficiency  of the incident light energy into electrical energy.  It is dependent on the efficiency  of the equipment used in plant construction, design, engineering and operational practice. Selection of equipment, such as solar module, inverter, inverter transformer and main transformer is key to achieving high PR.

Read more: Correlation Between PR and Generation Across Two States of India

“Key industry players in floating solar panels market include SPI Energy, Solaris Synergy, KYOCERA   CORPORATION,   Novaton  AG, Ciel & Terre International, Pristine Sun, Yingli Solar, Vikram Solar and Sunengy”

Read more: Floatavoltaic: Floating Solar Panel Market Worth Over 2.5 GW By 2024

As per a recent report "Solar Panel Recycling Management Market" the Solar Panel Recycling Management Market size is set to surpass over USD 360 million by 2024.

Increasing volume of decommissioned PV panels coupled with strict laws to boost effective recycling will drive the global solar panel recycling market. Average shelf life of panels is 30 years after which they need to be dismantled from service and discarded.

Huge untapped potential with stringent regulations to recycle increasing volumes of PV waste is set to propel the  solar  panel  recycling  management   market size between 2016 to 2024. EPA has laid down regulations referring to Materials Safety Data Sheets (MSDSs), Toxics Release Inventory (TRI), Resource Conservations and Recovery Act (RCRA), California's Hazardous Waste Control Law (HWCL) and Toxicity Characteristic Leaching Procedure (TCLP) standards.

Solar panel recycling management mar-  ket size from mechanical process is set to exceed USD 300 million in 2024 subject to wide  penetration  and reasonable pricing.

Thermal process was valued over USD 1 million in 2015 owing to decrease in silicon content in PV manufacturing process. Laser process is a new technology introduced recently and is expected to grow over 45% by 2024 owing to increasing adoption.

Solar panel recycling management mar-  ket size from regular loss is expected to exceed USD 250 million by 2024. Panels decommissioned at end of 30 years' shelf life are classified under regular loss. Early loss is predicted to grow over 30% during the forecast period owing to the quality of materials used coupled with weather con- ditions prevalent.

U.S. solar panel recycling management market size was valued over USD 5 million in 2015 and is predicted to witness strong growth owing to increasing adoption of PV panels coupled with stringent regulations towards recycling will further augment industry outlook.

For Europe, UK solar panel recycling man- agement market share is expected to grow over  35%  by  2024.  In  2013,  UK     WEEE introduced regulations aimed at reducing solar waste by  mandating  manufacturers to take back decommissioned PV panels for recycling. PV producers also need to register with Producer Compliance Scheme and update appropriate data sought by the government.

China solar panel recycling management market size is expected to exceed USD 50 million between 2016 to 2024. Under the National High-tech R&D Program's "PV Recycling and Safety Disposal Research", specific laws and regulations will be intro- duced to tackle growing panel waste vol- umes.

For Middle East, UAE solar panel recycling management market share is set to grow over  50%  over  the  forecast  period.  The region will witness 5000 tons of waste pan- els generated during the forecast period subject to increasing adoption of alternate energy over conventional fuels.

Mexico solar panel recycling management market size is predicted to surpass USD 3 million by 2024, subject to growing instal- lations of PV panels in the region. Energy Transition Law passed in 2015, aims to shift focus from fossil fuels to renewable energy sources, further complementing the indus- try outlook.

 

“ACME is really proud to participate in Indian government’s continued effort to make renewable energy more bankable and attractive for both financial investors and Indian utilities.

Read more: Winners Speak: REWA Tender

As the price of PV continues to drop, solar energy becomes an attainable reality for more and more homeowners, businesses and investors.

Read more: Smart Modules: Preparing For The Next Generation Rooftop Solar Projects

Growing energy demand of developed as well as developing regions is a serious cause of concern worldwide. The conventional energy sources such as oil, natural gas and petroleum products will deplete sooner or later.

Read more: World Smart Solar Market to Grow at 15.22% CAGR to 2020

The problem of “too much” renewable energy on a grid can be solved with block- chain, a technology most often associated with bitcoins. Blockchain will provide a transparent way for households and businesses to trade renewables with each other. Laurent Schmitt, Smart Grid Strategy Leader for GE’s Grid Solutions business, explains how it will work.

Read more: How Renewable Energy Is Taking A Page From Bitcoin

Some commentators seem to be worried that our electricity networks are facing an impending voltage crisis, citing fears that renewables (rooftop solar panels in particular) will threaten the quality of our power supply.

Read more: How Smart Solar Can Protect Our Vulnerable Power Grids

The valuation of solar energy projects is a complex subject and is a source of tension between regulators, developers and debt and equity investors. This paper is intended to highlight best practices, as well as common pitfalls in valuing solar energy projects including the tangible and intangible assets comprising a fully contracted in-place system (a “solar asset”).

Read more: Valuation of Solar Generation Assets

As the number of solar photovoltaic (PV) systems in the U.S. grows, the number of PV systems outliving their warranty coverage grows as well. This is giving rise to a new industry of solar asset management (AM) companies tasked with managing commercial and industrial solar assets, as well as operations and maintenance (O&M).

Read more: Why Asset Management Is Making A Big Entrance On The Solar SceneWhy Asset Management Is Making A Big Entrance On The Solar Scene

Background:   Solar power is one of the fastest growing industries in India. The country's solar grid has a cumulative capacity of 9.01 GW as of 31 December 2016. In January 2015, the Indian government expanded its solar plans, targeting 100 Billion Dollar of investment and 100 GW of solar capacity, including 40 GW's directly from rooftop solar, by 2022.

Read more: Opportunities & Complexities in Solar Power Forecasting

Solar power generation from rooftop installations is expected to soar over the next five years given declining costs, facilitating policy measures and incentives to consumers. However, the government’s target of generating 40% of the 100gw capacity planned by 2022 from rooftop solar could prove a herculean ask.

Read more: Rooftop Solar Sets A Scorching Pace

Solar energy facility Operations and Maintenance (O&M) implies the solar site is monitored, cared for and inspected regularly. This is essentially maintaining the existing system. Broken things are fixed, hopefully before they break.

Read more: Elements of a Solar Asset Management Agreement

As the global installed base for solar is expected to surpass 200 GW this year, there is already  quite  a  significant  base of solar assets to manage on a day today basis. Until about a year ago the concept of actively managing solar assets has always been a bit of an afterthought. Investors and banks had been sold the thesis that solar is a very low risk asset class with predictable flows. But this does not mean that solar does not require any asset management.

Read more: Taking Solar Asset Management Seriously

This section provides an estimate of the customer market expansion potential that shared solar could provide to the distributed PV market from 2015–2020. The analysis relies upon existing analyst projections of distributed PV installations and infers the additional deployment levels that can be achieved through expanding the available PV system customer base. This section also discusses factors not included in the analysis that could cause the shared solar market to be greater than these estimates.

Read more: Shared Solar Market Deployment Potential

U.S. Solar Market Insight Report.

Authors Note: Revision to U.S. Solar Market Insight report title

GTM Research and SEIA have  changed  the naming convention for the U.S. Solar Market Insight report series. From this publication onward, the report title will reference the quarter in which the report   is released, as opposed to the most recent quarter in which installation figures are tracked.

Read more: Solar Market Insight Report 2016 Q2

India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks. The Ministry of New and Renewable Energy (MNRE) is considering increasing the capacity to be developed at solar parks to 40 GW.  Currently, there are 34 solar parks planned across 21 Indian states, where projects aggregating 20 GW will be set up. However, project development is being hampered by delays relating to infrastructure and site preparation issues.

Read more: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development In India

India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately 90 percent of all solar installations and pipeline. These states including, Tamil Nadu, Rajasthan, Gujarat, Andhra Pradesh, Telangana, Madhya Pradesh, Punjab, Karnataka, Maharashtra, and Uttar Pradesh hold the key to India’s solar future.

Read more: Top 10 Indian States Account for 90 Percent of the Country’s Large-Scale Solar Installations and Pipeline: a State by State Analysis

Funding and merger & acquisition activity for the solar sector

>> Total corporate funding, including venture capital funding, public market and debt financing, into the solar sector was up in Q3 2016 with nearly $3 billion in 45 deals, a 78 percent increase compared to the $1.7 billion in 32 deals in Q2 2016

Read more: Executive Summary Solar Funding and M&A 2016 Third Quarter Report

Mr. Neelesh Garg, Managing Director, Saatvik Green Energy

"When examined in isolation, this target appears daunting. However, viewing it in perspective of land size required, the ask is 4050 hectares of land. It still seems a far cry from reality. Now, consider it as one-third of the entire rooftop space available in Delhi. Does this sound more realistic? This is exactly what it takes to hit that goal, breaking down the numbers to a vision with high clarity and a strong sense of purpose. In a nutshell, once you can visualize it, you can achieve it. The government has launched the National Solar Mission and is providing subsidies, corporates are doing their best to market their product, yet all stakeholders are missing the mark because of one roadblock-awareness.

Read more: India Wants to Install 40GW of Rooftop Solar by 2022 —What Will It Will Take to Hit That Goal?

COMPANY HISTORY:

CleanMax was founded in 2011, with the vision of enabling corporates to go green through solar adoption. CleanMax pioneered the rooftop PPA market in India, and remains the #1 rooftop solar developer by more than a 2-to-1 margin, as per the most recent data from Bridge to India. CleanMax has over 50 MW of operational onsite solar plants in all major states of India, with 5 offices across India. It also offers open access solar power for corporate customers in Karnataka and Tamil Nadu

Read more: CleanMax has over 50 MW of operational on site solar plants in all major states of India

RenewSys India Pvt. Ltd. is an Indian manufacturer of PV Modules and its components. RenewSys is a part of the Enpee Group of companies which is an international conglomerate with over 55 years of rich manufacturing experience in diversified businesses. RenewSys has two state-of-the-art production facilities deployed in the manufacture of PV Modules, PV Cells, EVA Encapsulant and Backsheet. Headquartered at Mumbai, RenewSys has a global presence with offices at Dubai, Johannesburg, and Lagos, London, Mauritius and Singapore and representative offices in USA and many countries of Europe.

Read more: RenewSys is India’s first and only integrated manufacturer offer-ing one-of-a-kind extensive range of solar products

Fortum provides customers with electricity, heat and cooling as well as other energy solutions that improve present and future life. Fortum's vision is to be the forerunner in clean energy.

Read more: Fortum is targeting a gigawatt-scale wind and solar portfolio in selected geographies

Globally, there is a large amount of capital available to be invested. The world’s total financial assets are expected to increase to USD 900 trillion by 2020 (Bain & Company, 2012); managers of this capital will be seek-ing investment opportunities. Renewable energy projects can tap into this pool of capital; however, they must compete with other investments – including other infra-structure and energy projects – to secure financing. In this chapter, we discuss policy tools and strategies that can accelerate the transformation of the existing energy system to one based predominantly on renewable energy.

Read more: Accelerating The Transition: Five Actions For A Sustainable Energy Future

Today, India has more than 20 million pumpsets 8 energised from the grid with very low average tariff realisations and high government subsidy. The power sup-ply to farmers is erratic and the pumpset efficiency is poor. With solar prices on the decline, a model that integrates energy efficiency with a solar powered solution can help mitigate the problem. This can reduce the subsidy burden of the government and help provide day time quality power to the farmer.

Read more: Solar Pumpset Market Is Likely To Takeoff Within The Next Five Years

As community solar adoption gains momentum amongst utilities and customers alike, several US developers have begun to build projects. Large developers see an opportunity to unlock previously unreachable solar demand while small developers are beginning to offer niche, à la carte services that align with utilities’ needs.

Read more: What’s In It For The Developer?

The concept of the ‘Solar House’ refers to the condition when the entire power needs of a household can be met by rooftop and on-site solar panels, which combined with energy storage, can potentially make the household completely independent of the grid.

Read more: The ‘Solar House’
Grid List

 

New inverter maximizes energy harvest from the PV power generation

E-KwBe is a new modular lithiumion based energy storage system which can help to optimize the use of in house solar energy systems, cut the electricity bills and reduce carbon footprint.

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