Cyber security management should be implemented in solar operations and maintenance (O&M) contracts to maximize the effectiveness of pre-handover measures and rigorous security inventories, Jon Franzino, Director of Grid Security at Grid Subject Matter Experts (GridSME), said.
Intelligent inverters will become a key component in virtual power plants as more PV and other renewable energy assets are aggregated into centralized networks that require complex software systems for output control, TJ Keating, director of development for the SunSpec Alliance, told PV Insider.
European and Chinese module prices have converged over the last year as declines have slowed and a range has been found, but a looming European Commission decision on minimum prices for imports could disrupt this trend.
Aggressive bidding in Brazil's second solar auction lowered the average power purchase price to 8.4 US cents per KWh, some 13.5% below the pre-set regulated maximum, setting firm foundations for a domestic PV supply chain in one of the world's most promising untapped markets.
An anticipated hike in US interest rates paired with the looming expiration of the Investment Tax Credit (ITC) may prompt solar developers and investors to re-think how to use Yieldcos and other financial products to finance future solar projects, Moody’s Vice President & Senior Credit Officer Swami Venkataraman told PV Insider.
Pakistan was barely on the radar of solar developers a few years ago but well-budgeted companies like First Solar, Access Power, and Gransolar are now flocking to the market to benefit from healthy new Feed-in-Tariffs.
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.