Solar photovoltaic accounts for 11 per cent of Australia’s national electricity generation capacity and 3.3 per cent of total demand.
Global clean energy investment was $53.6 billion in the first quarter of 2017, down 17 per cent from the same period in 2016.
German Chancellor Angela Merkel encouraged Spain and Portugal to invest more in solar energy and said they need a better link to France amid a push for a unified European power grid.
Elon Musk has promised to install and get working a Tesla Inc. battery storage system designed to prevent blackouts in South Australia, the Australian mainland state most reliant on renewable energy.
Nigeria is debating the allocation of $30 million to solar projects in this year’s budget with funding expected for off-grid solar projects, photovoltaic manufacturing, and transmission upgrades.
Solar power is now cheaper than coal in some parts of the world. In less than a decade it could be the lowest-cost option almost everywhere.
A transformation is happening in global energy markets that’s worth noting: solar power is becoming the cheapest form of new electricity.
Saudi Arabia’s long-awaited drive to free up more oil revenue by shifting to solar power generation is expected to pick up speed next quarter, according to local developers eyeing contracts.
Algeria will launch a national and international invitation to tender for a photovoltaic solar energy plant project with a capacity of 4,000 megawatts, announced the country’s energy minister Nourredine Bouterfa at an Algeria-US Forum in Houston.
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Tesla Motors has unveiled plans to collaborate with Panasonic to make solar-energy components for SolarCity Corp., bolstering Elon Musk’s final push to merge the automaker and solar company. Production of photovoltaic cells and modules for solar-energy systems used by SolarCity will begin in 2017 at SolarCity’s factory in Buffalo, New York. Musk, who is Tesla’s chief executive officer and chairman and chief financier of SolarCity, has proposed combining the two companies to give consumers one-stop shopping for an electric car as well as the solar-powered electricity that will power it.
California company SolarReserve plans to build the largest solar power plant in the world on a 25 square-mile plot in the Nevada Desert. The 10-tower concentrated solar array known as “Sandstone Energy X” will produce enough electricity to power around 1 million homes, producing between 1,500 and 2,000 megawatts of electricity, comparable to a nuclear power plant or the Hoover Dam. The project is designed to store heat without backup fuels or batteries to deliver electricity even in darkness, with zero emissions, little water use and no hazardous waste.
Crescent Dunes Solar Energy, a 110 megawatt (MW) concentrating solar power (CSP) electricity plant, began full operation in February. Crescent Dunes uses an energy storage system that developers expect will be able to store enough thermal energy to generate electricity for up to 10 hours after sunset or on cloudy days when direct sunlight is unavailable. Unlike most other CSP plants that use synthetic oil as the intermediary fluid, Crescent Dunes uses molten salt, which has more advantageous thermal properties.
Morocco has switched on what will be the world’s largest concentrated solar power plant. The new site near the city of Ouarzazate – famous as a filming location for Hollywood blockbusters like “Lawrence of Arabia” and “Gladiator” – could produce enough energy to power over one million homes by 2018 and reduce carbon emissions by an estimated 760,000 tons per year, according to the Climate Investment Funds (CIF) finance group.
