2010 became a record breaking year with $243bn investment in Clean energy
A record of $243 billion in 2010 of global investment in clean energy was reached, a 30% increase on 2009 levels, according to research house Bloomberg New Energy Finance (BNEF). 2011 will have to be a very strong year to beat 2010. At this stage, the signs are encouraging," said Michael Liebreich, chief executive of London-based BNEF, citing the likelihood that costs will come down for solar panels and wind turbines, and the increasing availability of private sector debt and equity finance. "This is a spectacular result, beating previous record investment levels by a clear margin of more than $50 billion," he added. "We have been saying for some time that the world needs to reach a figure of $500 billion per annum investment in clean energy if we are to see carbon emissions peak by 2020. What we are seeing in these figures for the first time is that we are ...
Milestone: 10 Gigawatts of Solar Panels in 2010
Source: Greentechmedia As Solar Power International looms and we approach the milestone of 10 gigawatts of solar installed in 2010, Greentech Media asks a few solar luminaries to reflect on the event. This year we will cross the threshold of 10 gigawatts of photovoltaic solar installed globally in a single year -- a record-setting and once-inconceivable number. The analyst community sees the total number for 2010 in the 12 gigawatt to 15 gigawatt range. Expectations for next year are close to 20 gigawatts. Rewind to ten years ago: the total amount of photovoltaics installed in the year 2000 was 170 megawatts. Since then, the solar photovoltaic industry has grown at a 51 percent annual growth rate, and 170 megawatts is now the size of a healthy utility installation or a small solar factory. As Andrew Beebe mentions below, Suntech has a single building with a one-gigawatt capacity. Photovoltaic module pricing ...
Ontario approves more than 500 renewable energy projects under new feed-in tariff
The first 510 large-scale projects have been given the go-ahead under a new feed-in tariff (FIT) programme launched in Ontario, Canada. Of the total projects, 95 per cent are solar with an additional 20 biogas, four hydropower, three onshore wind and one biomass system. The incentive means solar installation operators can receive up to CAN$0.71/kW ($0.69/kW) hour over 20 years for roof-mounted solar photovoltaic systems, with lower payments for ground-mounted projects. Proposals that received approval in the new scheme are to be built in 120 communities across Ontario by farmers, municipalities, local distribution companies, commercial businesses, the Ontario Power Authority said. The projects range from 10KW to 500KW and have a total generating capacity of 112MW, it said. The FIT programme has domestic content requirements to ensure a key of the technology used for renewable energy generation comes from Ontario. In addition, developers must meet a certain percentage of goods and labour from Ontario ...
Solar market to grow by at least 40 per cent in 2010, EPIA says
The global solar market is expected to grow by at least 40 per cent in 2010 having added an extra 6.4GW of capacity in 2009 pushing worldwide output to more than 20GW, the European Photovoltaic Industry Association (EPIA) said. It said 2009 was the most important annual capacity increase ever and was particularly impressive in light of the difficult financial and economic circumstances. Cumulative installed capacity is expected to grow by at least 40 per cent over the course of the year with Germany remaining as the world's largest single market. It said the global photovoltaic (PV) market could reach between 8.2GW and 12.7GW of new installations if growth and policy continue to progress at a moderate rate. If a policy-driven scenario was to take hold, the global annual market could reach up to 30GW by 2014. The EPIA said during 2009, Germany's lead was followed by Italy, Japan and the US. 'In the mid-term, Italy ...



