Increasing cost competition and performance demands are prompting new contract terms between inverter suppliers and PV operators which prioritize long-term reliability and share revenue risk, industry experts told New Energy Update.
European solar PV markets such as Germany and Italy are entering a new phase of development that is prompting O&M suppliers to prioritize spare parts availability and anticipate potential repairs for newly developed PV assets, according to Michael Ploechl, head of O&M Business at inverter manufacturer SMA.
New technologies such as mass-module imaging software by Germany’s Photovoltaik-Institut provide investors with more advanced error assessment tools to make cost-saving decisions on product warranties and production optimization.
Global revenues from installed energy storage systems are expected to grow from $605.8 million in 2015 to $21.5 billion in 2024, according to Navigant Research, as costs fall and deployment spreads across the commercial and residential sectors.
Jordan’s Round 2 (2013-2015) tender of solar PPAs saw record low feed-in tariffs (FITS), with the four lowest bids at prices 50% below those in the first tender, according to bid results sent from the government to participants on May 13.
Future PV Plant monitoring developments will focus on centralized monitoring and smarter systems using geo-tagging, robotics and drones, Stefan Degener, Managing Director and Head of Business Development Europe at First Solar, said.
CSP Today and PV Insider are proud to announce the winners of the MENASOL 2015 Awards. The ceremony took place on Wednesday, 13th May, as part of the 7th Middle East & North Africa Solar Conference and Expo, MENASOL 2015.
The US East Coast saw up to 5% less sunlight than average in 2014, while the West Coast enjoyed up to 10% more sun, according to a study published by Vaisala in April that highlights the volatile supply conditions faced by PV plant developers and operators.
Even as the non-residential PV sector was down 6%, 2014 was the largest year ever for solar PV installations in the US, riding on the back of a drop-off in system installed costs, downstream innovation and stable policy, according to a new report by GTM Research.
As Jordan selects the winning consortia for the upcoming batch of PV power plants and Egypt just announced the qualified consortia eligible for a quota of the FiT program, developers in the two countries are testing the best strategies to bid for land for their projects.
The Award Winning Middle East & North Africa Solar Conference & Expo is organizing for the first time the MENASOL Awards 2015 to celebrate CSP and PV companies in their effort to develop solar power in the region.