Solar PV costs are expected to halve by 2020, IRENA report says

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).

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GCC power sector to require US $131 billion investment over the next five years, report says

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.

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Total global corporate funding into the solar sector increased 41% totalling $12.8 billion in 2017

Mercom Capital Group,  a global clean energy communications and consulting firm, announced yesterday the release of its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2017.

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Global Solar Photovoltaic Installations to Exceed 100 GW in 2018, IHS Markit Says

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.

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In 2016 70% of U.S. utility-scale PV capacity used crystalline silicon modules, EIA report says

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.

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