Time to shine: Solar power is fastest-growing source of new energy

Wednesday 4 October 2017.  From The Guardian

Solar power was the fastest-growing source of new energy worldwide last year, outstripping the growth in all other forms of power generation for the first time and leading experts to hail a “new era”.

Renewable energy accounted for two-thirds of new power added to the world’s grids in 2016, the International Energy Agency said, but the group found solar was the technology that shone brightest.

New solar capacity even overtook the net growth in coal, previously the biggest new source of power generation. The shift was driven by falling prices and government policies, particularly in China, which accounted for almost half the solar panels installed.

This summer was greenest ever for energy, says National Grid

The Paris-based IEA predicted that solar would dominate future growth, with global capacity in five years’ time expected to be greater than the current combined total power capacity of India and Japan.

Dr Fatih Birol, the executive director of the IEA, said: “What we are witnessing is the birth of a new era in solar photovoltaics [PV]. We expect that solar PV capacity growth will be higher than any other renewable technology up to 2022.”

The authority, which is funded by 28 member governments, admitted it had previously underestimated the speed at which green energy was growing.

The amount of renewable energy capacity forecast globally in 2022 has been revised upwards on last year’s forecast, driven by the IEA expecting a third more solar in China and India.

Wind turbines and solar panels in Yancheng, Jiangsu province of China. The China is the world’s fastest-growing market for renewables. Photograph: VCG via Getty Images

While China dominates the expansion of renewables, the US is still the second fastest-growing market despite Donald Trump’s pledge to revive coaland the uncertainties he has brought at a federal level.

Paolo Frankl, head of the renewable energy division at the IEA, said that solar and wind subsidies and other fundamentals meant the president’s impact would probably be limited.

However, that could change if there were reforms that retrospectively hit the subsidies or if the US International Trade Commission imposes tariffs on imports of Chinese solar panels. “There is a risk, but at the moment our forecast remains strong,” said Frankl.

India is set for a solar boom over the next five years, as bottlenecks such as integrating solar farms with the grid are overcome. The country’s renewable energy capacity is forecast to double by 2022, overtaking the EU on growth.

The picture for the UK is a “mixed message,” said Frankl. The IEA has revised downward its forecast for the amount of green energy to be built in the UK between 2017 and 2022, with offshore windfarms expected to account for most of the growth.

Wind power is now cheaper than nuclear – the energy revolution is happening | John Sauven

Despite the recent opening of the UK’s first subsidy-free solar farm, the prospects for British solar are fairly gloomy: the amount of solar forecast to be installed by 2022 is a fifth of the amount installed over the last five years.

The report found that renewables are becoming increasingly comparable to fossil fuels on price, with wind and solar projects setting record low prices in government auctions.

“Renewables may well become even cheaper than fossil fuel alternatives [over the next five years]. However, be careful because this does not automatically mean they are competitive and investment will flow. That depends on the risk of investment and whether remuneration flows make a project bankable or not,” said Frankl.

The growth in renewable power will be twice as large as gas and coal combined over the next five years, the IEA said. While that will take renewables’ share of electricity generation from 24% last year to 30% in 2022, coal will still be the biggest source of power.

The increasing scale of wind and solar power, and their intermittent nature at a local level, means that integrating them with power grids has become critical, the IEA said. Countries will need to bring forward policies that make grids more flexible, such as batteries and managing demand at peak times, it suggested.

One energy expert said that the IEA report was, if anything, underestimating the speed of renewables’ growth and the impact of them becoming so cheap.

Tim Buckley, director of energy finance studies at Australia-based analysts IEEFA, said: “2016 was another record high year of renewable installs and unexpectedly large renewable energy cost deflation, again highlighting the IEA’s continued underestimation of both these two trends driving the increasingly global market transformation.”

Small scale solar cutting billions from electricty bills – SMH

The Missing Piece of The Solar Power Puzzle – The “Show Me The Money” Moment

Found this article on Yahoo today..

With stats Australia-wide telling us over 1.4 Million households have solar panels on their roof, it’s pretty much a foregone conclusion that Solar is here to stay for the long term.

However, we hear quite a few complaints from people saying that solar wasn’t worth getting, that their bills haven’t gone down and that it’s going to take 10-20 years to pay off their investment. On the surface, that sounds terrible – almost like there’s some big conspiracy on behalf of the companies that sell and install solar power to rip people off.

But 9.9 times out of 10, the real FACTS are very different, so we decided to write this blog post to explain what’s really going on here.

Setting aside the small minority of people who brought a big expensive system that was over-sized for their needs, or had a faulty system they weren’t aware of, the real truth is that a LOT of homeowners with solar don’t fully understand how the money flows.

So, here’s the real deal with Solar:

When your system generates electricity (obviously only in daylight), one of 2 things happens:

1) If your household is using any electricity while the panels are generating it, the inverter will ensure it uses your solar power FIRST before it draws any excess power needed at the time from the grid. Whether it’s a fridge, washing machine, TV, computer, aircon or even a pool pump, all of these items need power when on, so the inverter’s job is to supply it to them as needed.

2) It exports the unused power back to grid, for which you get paid some sort of feed in tariff (note: tariffs may have ended in some places, so check your local energy retailer’s current rates first).

The inverter is kind of the “traffic cop” of your power system. It directs power in the right direction at all times, to ensure you use as much of your own generated solar power as possible, and wastes none of your unused power by selling it back to the grid.

The key element to realise here is that when you use your own solar-generated power, you are not paying your energy retailer to use their power (unless your power requirement is above the production capacity of your solar, in which case it draws the difference needed from the grid).

So, if you had a large enough system to provide for some or all of your active appliances drawing electricity, you could conceivably avoid paying full retail price for a LOT of electricity during each day.

As you can see from the below diagram, this system is only consuming 7% of its own power (B) at the moment, and is feeding the remaining 93% (A) back to the grid. This is simply because the household is not using much power at the moment, so the inverter automatically sends the unused power back to the grid and you get paid a tariff for each unit (kWh) exported back to your energy retailer.

Reported by Solar Citizens

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