Green Energy
Article published on www.solarserver.com/solar-magazine/solar-news on March, 13th 2013.
- A Call For Strong, Stable Renewable Energy Policy In The United States
By Nick Lawton, Policy AnalystThe International Energy Agency (IEA) recently released itsRenewable Energy Medium-Term Market Report 2014, revealing that although 2013 witnessed the fastest expansion of renewable energy capacity to date, the IEA expects...
- Suntech Bankrupt
Suntech Power Holdings, the China-based maker of solar panels, declared bankruptcy on Wednesday, the state news agency Xinhua said.On Monday of this week, according to Reuters, Suntech said that it had defaulted on US$541 million of its...
- Solar Pv Module Rankings In 2012
Article published on http://www.renewableenergyworld.com/on May, 3rd 2013By James Montgomery, Associate Editor, RenewableEnergyWorld.com New Hampshire, USA -- The gap between PV supply and demand narrowed slightly in 2012, but overcapacity...
- Surviving The Downturn Until 2015
Article published on www.pv-magazine.com on April, 23rd 2013. NPD Solarbuzz's latest report shows that a module market downturn and further consolidation are to be expected until 2014. Recovery is forecasted to begin in 2015. Surviving the downturn...
- Global Solar Capacity Breaks Through 100gw Barrier
Article published on www.businessgreen.com on February, 11th 2013By BusinessGreen staff New industry figures show 30GW of new capacity installed in 2012, despite slowdown in European market. Global solar capacity has surpassed 100GW, reducing energy...
Green Energy
Solar PV industry revenues fall 19% in 2012
Article published on www.solarserver.com/solar-magazine/solar-news on March, 13th 2013.
Clean Edge Inc. (Portland, Oregon, US) has released a report which finds that while lower prices drove a record 30.9 GW of global solar photovoltaic (PV) installations in 2012, these same prices resulted in a 19% decline in total industry revenues to USD 79.7 billion over the year.
“Clean Energy Trends 2013” notes that this is the first market contraction in the 12 years that it has tracked PV industry revenues. However, the report notes a number of positive industry trends including big investors moving into PV and the growth of solar as a service.
“2012 was a year of extreme uncertainty for clean energy markets, as venture investors pulled back and high-profile bankruptcies became a partisan wedge in the presidential election, all while climate disruptions brought clean tech back into the limelight,” said Clean Edge Co-Founder and Managing Director Ron Pernick.
“But a key lesson emerged from last year – the focus for investors and industry for the near- to mid-term will be on deployment.”
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| Renewable energy (brown bars) made up almost half of the generation capacity added in the US in 2012 |
PV industry to grow to USD 124 billion by 2022
Clean Edge estimates that the global average price of PV installations has fallen from USD 7.00 per watt in 2008 to USD 2.58 per watt in 2012. The company expects prices to fall further, but annual PV industry revenues to increase to USD 124 billion by 2022.
The report also observes the expansion of “big money” into solar, noting that billionaire investor Warren Buffet's MidAmerican Energy increased its solar holdings during the year with the USD 2 billion acquisition of the Antelope Valley Solar Project.
This is in the context of overall clean energy investments falling an estimated 11% to USD 269 billion 2011-2012, and decreasing to 19% of total venture investment in the United States.
Renewables making up bigger share of new projects
The report covers multiple renewable energy technologies, and notes that renewables are making up a bigger share of new projects.
Renewables comprised almost half of the new generation added in the United States in 2012, led by wind, while in Europe, PV alone made up 37% of all generation capacity added during the year.
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- A Call For Strong, Stable Renewable Energy Policy In The United States
By Nick Lawton, Policy AnalystThe International Energy Agency (IEA) recently released itsRenewable Energy Medium-Term Market Report 2014, revealing that although 2013 witnessed the fastest expansion of renewable energy capacity to date, the IEA expects...
- Suntech Bankrupt
Suntech Power Holdings, the China-based maker of solar panels, declared bankruptcy on Wednesday, the state news agency Xinhua said.On Monday of this week, according to Reuters, Suntech said that it had defaulted on US$541 million of its...
- Solar Pv Module Rankings In 2012
Article published on http://www.renewableenergyworld.com/on May, 3rd 2013By James Montgomery, Associate Editor, RenewableEnergyWorld.com New Hampshire, USA -- The gap between PV supply and demand narrowed slightly in 2012, but overcapacity...
- Surviving The Downturn Until 2015
Article published on www.pv-magazine.com on April, 23rd 2013. NPD Solarbuzz's latest report shows that a module market downturn and further consolidation are to be expected until 2014. Recovery is forecasted to begin in 2015. Surviving the downturn...
- Global Solar Capacity Breaks Through 100gw Barrier
Article published on www.businessgreen.com on February, 11th 2013By BusinessGreen staff New industry figures show 30GW of new capacity installed in 2012, despite slowdown in European market. Global solar capacity has surpassed 100GW, reducing energy...