Author: solarenergy
Energy storage can help reduce market risks surrounding imbalance costs. Image: Vattenfall. The UK’s growing energy storage fleet could reduce market risk for Contracts for Difference (CfD) projects. While a CfD protects renewable energy generation projects from price volatility, storage can help reduce negative prices, according to AFRY’s John Perkins. Speak with Energy storage.newsPerkins, senior director at consultancy AFRY, stressed that negative prices pose a “major risk” to generators and could amount to “several hundred” hours per year. But energy storage can help reduce market risks around imbalance costs. Without this, the costs of managing forecast errors would continually increase.…
Withdrawing carbon credits can be a powerful tool for individuals and companies to offset their carbon emissions and contribute to a greener future. By withdrawing these credits, we can ensure that the emissions reductions achieved are permanent and not double-counted, creating a more transparent and effective carbon market. This approach not only helps combat climate change, but also encourages the development of sustainable practices and technologies. If you want to know how the process works, this article explains everything you need to know about carbon credit retirement. Let’s start by explaining how these credits work. Understanding how carbon credits work…
The new module has a power of up to 650 W and weighs 29.6 kg. It uses JA Solar’s patented anti-dust frame technology, which is said to improve drainage and decontamination performance, reducing dust accumulation and avoiding hotspot issues. June 17, 2024 Emiliano BelliniChinese solar module manufacturer JA Solar presented a new dust-resistant TOPCon solar module at the SNEC fair, which took place last week in Shanghai, China.“It is specifically designed to meet the unique demands of rooftop scenarios,” a company spokesperson said pv magazine. “This module is lightweight, very reliable and easy to maintain.”The most important feature of the…
The European Investment Bank (EIB) will conduct economic and technological feasibility studies on two Bulgarian pumped-storage hydroelectric power stations scheduled to be operational in 2032. The projects will each add generation capacity of approximately 800 MW and both will have a price tag of approximately €900 ($964) million. June 17, 2024 Blathnaid O’Dea From pv magazine ESS news placeThe EIB will advise and support the Bulgarian national electricity company Natsionalna Elektricheska Kompania EAD (NEK) in the start of construction of two large pumped storage hydroelectric power stations in the southwestern part of the country. The projects are named after the…
Market analysis provider Aurora Energy Research has explored the potential for co-location of renewable energy sources with battery energy storage systems (BESS) in 12 European countries. This showed that Germany, Great Britain, the Irish I-SEM and Poland are leading the way. June 17, 2024 Marija MaischFrom pv magazine ESS news placeThe differences in regulations on the European markets for hybrid renewable installations are large. While some facilitate colocalized deployment and provide faster network access and a wide range of revenue streams, others lack specific policies and objectives. Confusing market signals, double taxation and restrictive grid policies, which prevent BESS from…
A Swiss research team published an overview of the technologies used for the production of colored, integrated PV in buildings, discussing the competitive characteristics of more than a dozen products, as well as success factors to drive market development. June 17, 2024 Valerie ThompsonResearchers from the École Polytechnique Fédérale de Lausanne (EPFL) and the Swiss Center for Electronics and Microtechnology (CSEM) investigated colored crystalline silicon PV module technologies, suppliers and the success factors towards meeting the needs of architects and real estate developers with visual attractive building integrated PV (BIPV).The methods manufacturers use to produce colored modules, along with the…
Quality in the voluntary carbon market (VCM) is showing promising signs of improved integrity, according to a new analysis from carbon credit rating platform Calyx Global. The report combines market trend data with Calyx Global’s assessments of more than 500 projects to provide insight into ongoing efforts to improve the integrity of the carbon market. Finding higher-rated carbon credits in the VCM remains a challenge due to the dominance of mega-projects, such as REDD (Reducing Emissions from Deforestation and Forest Degradation) and large-scale grid-connected renewable energy projects, which typically do not achieve higher ratings (A and B). Calyx Global co-founder…
Cliantech Solutions says it will install a 1.2 GW, Cliantech to supply a 1.2 GW automated production line for Alpex Solarfully automated solar panel production line for Alpex Solar’s new factory in India. June 14, 2024 Uma Gupta Image: Wikimedia, Yann ForgetBy pv magazine IndiaCliantech Solutions will install a 1.2 GW fully automated solar panel production line for Alpex Solar’s new factory in Mathura, Uttar Pradesh.Cliantech Solutions partners with solar production equipment companies such as Gaorun, giving its customers access to the latest technology at a low cost. The suppliers in the Alpex Solar project are Gaorun, Visual, Asicpy and…
“The Ministry of Industry and Trade is reviewing the legal framework, domestic practices and international experiences regarding the management, purchase and exchange of renewable energy certificates (RECs). Photo: Hoang Ha” This is part of the ministry’s plan to improve the management of carbon credits in line with the Nationally Determined Contribution (NDC). The ministry’s plan aims to raise awareness among organizations and enterprises about the importance of carbon credits and the carbon market in achieving Vietnam’s greenhouse gas emissions reduction targets. An important task is to develop a sectoral plan for the reduction of greenhouse gas emissions for the periods…
Enpal and Entrix want to build the largest virtual power plant (VPP) in Europe through their new Flexa joint venture. They plan to integrate PV systems and other decentralized energy producers and consumers into a multi-gigawatt network with an AI-powered electricity trading platform. June 14, 2024 Jochen Siemer Vjekoslav Salapic from Flexa (left) and Sébastien SchikoraImage: EnpalBy pv magazine GermanyEnpal and Entrix have worked together to build Europe’s largest VPP. Enpal has a majority stake in their joint venture Flexa, which plans to supply several gigawatts of power in the coming years. The companies did not disclose specific details on…