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Sat12202014

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Solar

Solar reaching parity with other energy sources, say new reports

Over the past few weeks, a number of prominent organizations around the world have issued reports determining that solar is becoming an increasingly competitive energy source and is coming into parity—or cost-equality—with other forms of electric generation. UBS Capital, Royal Dutch Shell, Deutsche Bank and NDP SolarBuzz have each issued reports finding that solar is becoming an increasingly important part of the...

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Australian scientists print out world’s largest organic solar cells

An organic solar cell the size of a large sheet of paper has been successfully “printed out” in Australia. Ten times the size of previous organic solar cells, this latest solar cell is the product of a collaboration of Australian scientists known as the Victorian Organic Solar Cell Consortium or VICOSC. The consortium comprised of the Commonwealth Scientific and Industrial Research Organization, The University of...

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Saudi Arabia partners with N.R.E.L. to optimize solar energy

Saudi Arabia, in a bid to harness its untapped renewable energy potential, has partnered with the U.S. Department of Energy's National Renewable Energy Laboratory for training and expertise in gauging its solar resources. N.R.E.L., together with research and development firm Battelle, will support the installation of more than 50 monitoring stations in the Middle Eastern kingdom this year to...

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Solar P.V. modules revenue to drop in 2013, rebound to $32 billion by 2017

The world is facing an impending 20 percent decline in solar photovoltaic revenues in 2013, from $25.5 billion last year down to $20.5 billion. NPD Solarbuzz reports that P.V. module revenues will hit levels below those in 2012 for 2013 and also in 2014. However, they will bounce back starting 2015 onwards and reach $32 billion by 2017. Confidence in the solar P.V. industry was said to be severely strained in 2012, with module...

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Breakthrough technology that uses solar energy to augment intermittent wind energy

One of Israel’s leading investment firms in renewable energy, Capital Nature, has recently invested in a young Israeli company, Augwind, who has developed a technology that provides solutions to the challenges of wind power production. The technology developed by Augwind has successfully found a way to utilize wind generated energy combined with solar energy, even when the wind isn’t blowing. Today, the...

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Solar Desalination: Creating new sources of water with the power of the sun

Water scarcity is one of the biggest problems facing the world today. An essential but limited resource, fresh water makes up only 3 percent of the Earths water resources and of this 3 percent, two thirds are locked up in ice caps and glaciers and a fifth is located in remote areas where they are not easily accessible. All in all, of the available freshwater in the world, only 0.08 percent is available for...

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India, Italy reach grid parity – Deutsche Bank

Solar power has reached grid parity in India and Italy with other countries set to follow their footsteps over the next couple of years, found a recent report by Germany’s Deutsche Bank. Electricity generated from solar energy in these two countries is now equal in cost or less than purchasing power from grid power. Reaching grid parity is the point when a renewable energy source, such as solar and wind...

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JinkoSolar announces projects for South Africa and China

China’s JinkoSolar Holding co., Ltd. is entering a module supply agreement for 115 megawatts of solar panels for two projects in South Africa. Both projects are part of the Phase 2 of the South African government’s Renewable Energy Independent Power Producer Procurement Program which aims to increase the amount of renewable energy in the country’s energy mix (see related story). The first project will consist of...

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Crescent Dune solar thermal project completes solar receiver panel assembly

The Crescent Dunes Plant, the first commercial-scale solar power tower facility with energy storage in America, has taken another step toward completion. SolarReserve, which is developing the 110-megawatt solar thermal project in Tonopah, Nevada, has completed the assembly of the molten salt receiver panels by which the project will capture and store the sun’s energy. The panels sit on top of a 540-foot solar power...

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MiaSole, Ex-Im Bank bring thin-film panels to Rajasthan solar project

California-based solar company MiaSole will be providing thin-film photovoltaic solar panels to an 11.6-megawatt solar project in Rajasthan, India with the help of $9 million in debt financing from the U.S. Export-Import Bank. “This project financing facilitates exports from MiaSole’s California manufacturing center will boost California’s economy and help to create hundreds of local jobs,” said Ex-Im chairman and...

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