Author: solarenergy

In a new weekly update for pv magazineOPIS, a Dow Jones company, provides a brief overview of the major price trends in the global PV industry. August 30, 2024 OPISIn the Chinese marketThe Chinese Module Marker (CMM), the OPIS benchmark rating for TOPCon modules from China, was assessed at $0.095/W, stable week-on-week on unchanged market fundamentals. Market participants said TOPCon prices below $0.09/W FOB China were still circulating in the market. Cargoes below $0.09/W FOB China were sold at a loss to maintain market share and generate cash flow, an industry source said. For major module makers, maintaining cash flow…

Fluency enSights has announced it is launching a new BESS calculator to enable developers and asset owners to take full advantage of the vast energy storage sector by optimizing battery size for maximum financial returns based on energy market and grid support capabilities. Replacing the expensive and labor-intensive BESS system design, the calculator instantly generates financial projections and recommends the ideal battery size and operating modes to introduce economies of scale in battery deployment. The calculator provides insight into decision-making and presents simple visualizations of energy and cash flow. “While the rapidly growing energy storage market offers many opportunities, it…

More than 800 draft documents have been filed with the IRS, Treasury and Energy departments. for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) program. The draft documents (project proposals) represent nearly $40 billion in tax credits, while representing $200 billion in total project investments. Round 2 of the 48C program will distribute just $6 billion in credits, and 450 projects in 46 states and the District of Columbia were encouraged to apply for the next step. These projects include large, medium and small businesses and non-profit organizations, all of which must meet applicable wage and apprenticeship…

To determine the willingness to pay for low-CO2 home heating in the Netherlands, a survey among 1,797 residents was used. On average, respondents were willing to pay a premium of 33% for electricity heating. Policy recommendations were also made as part of the research. August 30, 2024 Lior KahanaResearchers from the University of Groningen conducted a survey among 1,797 Dutch residents about their willingness to pay (WTP) for low-carbon residential heating systems. The results could be valid not only in the Netherlands, but also for other European Union countries and Great Britain due to the similarity of the markets, the…

Pennsylvania-based Dynamic Energy completed an onsite commercial solar project for Cooper-Booth Wholesale. Dynamic Energy has completed a 907-kW commercial rooftop solar project with Cooper-Booth Wholesale Co., a full-service distributor for convenience store merchandise in the Mid-Atlantic. Situated on 61,000 ft2 of industrial rooftop located at the company’s Mountville, Pennsylvania warehouse and headquarters, the project will offset Cooper-Booth’s rising energy costs while driving the company’s green energy initiatives. “Working with Dynamic Energy has been a great experience,” said Barry Margolis, president of Cooper-Booth Wholesale Company. “Choosing to go solar was an easy decision, given the significant energy savings and the positive…

A quarter of China’s energy now comes from non-carbon sources: white paper A quarter of all the energy China now uses comes from non-carbon sources, according to research published Thursday, as Beijing rapidly moves its vast economy onto a greener footing. The country is the world’s largest emitter of greenhouse gases, but in recent years has become a global leader in renewable energy. The country has pledged to peak planet-warming carbon dioxide emissions by 2030 and cut them to zero by 2060. According to state news agency Xinhua, the share of “clean energy” in total national consumption has risen from…

Thinking About Adding More Solar Panels? Here’s What You Need to Know As global awareness of environmental sustainability and renewable energy intensifies, solar power has become a leading choice for reducing carbon footprints and cutting energy costs. The transition to solar energy offers numerous benefits, including eco-friendliness and substantial long-term financial savings. However, a common question from new solar energy users is whether it’s possible to expand their existing solar panel systems in the future. This guide aims to provide a thorough understanding of the feasibility, considerations, and procedures involved in adding more solar panels to your current setup. Understanding…

Encore Renewable Energy today announced construction of a 3.6 MW solar array in Constable, New York. Constable Solar is Encore’s first solar project in New York State and is part of nearly 90 MW of solar and energy storage currently being developed by Encore in the Empire State. Under New York’s NY-Sun Initiative and VDER program, NYSEG will compensate Encore for the electricity produced from the new array and provide affordable, reliable and carbon-free energy to their customers. “With New York’s ambitious clean energy goals and an evolving energy supply market that views renewables as an increasingly cost-effective form of…

More than 4,500 certified heat pump installations were registered in the UK by July 2024, with battery storage installations performing significantly better than previous years. Subsidy schemes that reduce the costs of installing a heat pump are an important growth driver according to the sector. August 30, 2024 Matthew LynasHeat pump installations continue to break records in Great Britain, according to the latest figures from certification body MCS.July 2024 was the fifth month in a row with more than 4,500 certified heat pump installations and the third highest month ever measured. It continues the trend toward a record year for…

Researchers in Morocco have carefully configured and tested a new desert solar panel optimized for harsh desert climates. The new design delivered a 5.8% improvement in performance ratio, a 1.95% increase in efficiency and reduced temperature sensitivity by 0.85% compared to standard modules. August 30, 2024 Valerie ThompsonResearchers led by scientists at Mohammed First University in Morocco have produced prototype modules optimized for desert climates. Their so-called Desert Module delivered a 5.8% improvement in performance ratio, a 1.95% increase in efficiency and reduced temperature sensitivity by 0.85% compared to standard modules.“The most challenging aspect of this research is selecting the…