New IRENA report finds all renewable technologies to be competitive by 2020. The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar photovoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA).
New ‘GCC Power Market’ report produced by construction research firm Ventures Onsite for the Middle East Electricity (MEE) annual international power industry event, states that the Gulf Cooperation Council (GCC) is expected to require a combined US $131 billion worth of investment in electricity generation, transmission and distribution over the next five years to cope with increasing demand from growing populations, expanding economies and climatic changes.
Business information provider IHS Markit announced on December 14 that global photovoltaic (PV) demand is forecast to reach 108 gigawatts (GW) in 2018, largely driven by an improvement in the outlook in China, according to the latest edition of its PV Demand Market Tracker. IHS Markit expects strong demand from the Chinese market to continue on the back of strong policy support, a successful transition to a more diverse market and strong momentum in the distributed-PV (DPV) sector.
According to latest U.S. Energy Information Administration (EIA) data for the year 2016 released on November 9 2017 and summarized on the Annual Electric Generator Report 2016, most of the growing number of installations of utility-scale solar photovoltaic (PV) operating capacity across the United States have been systems that make use of crystalline silicon panels.