Industrial News
  • Global wind and solar power generation accounted for 10% of total power generation in the first half of 2020
    Global wind and solar power generation accounted for 10% of total power generation in the first half of 2020
    • Sep 07, 2020

    In the first half of 2020, affected by the COVID-19 epidemic, although global electricity demand fell by 3%, wind and solar power generation still increased by 14% year-on-year. Among the 48 countries and regions in the report, wind and solar power generation increased from 992 TWh in 2019 to 1,129 TWh in the first half of 2020. Compared with the first half of 2019, global coal power generation in the first half of 2020 fell by 8.3%. This is the biggest drop since 1990, following a 3% year-on-year decline in 2019. A major factor driving the decline in coal power generation is the decline in electricity demand caused by the global epidemic, but the increase in wind andsolar power generation and higher market shares are also the main reasons for the decline in coal power. Although the electricity demand caused by the COVID-19 epidemic has not yet affected wind and solar power generation. However, the global epidemic has affected the installation speed of new wind and solar power generation devices in 2020; the International Energy Agency (IEA) predicts that by 2020, the newly installed capacity of renewable energy power generation will drop by 13%, falling to the level since 2015 The lowest level. Dave Jones, senior power analyst at Ember, said: “Countries around the world are striving to build more wind spots and photovoltaic panels to replace coal power. If the global temperature rise is to be limited to 1.5 degrees Celsius, coal power generation will have to be generated every year for the next ten years. A reduction of 13%. However, despite the impact of the new crown epidemic that has curbed electricity demand as a whole, coal power generation only dropped by 8% in the first half of this year. This fact shows that we are still deviating from the energy transition track. We have a transition solution. The plan, it’s working, but it’s not progressing fast enough." Fastensol is one of China's leading suppliers of solar mounting systems has won the trust and good trade reputation of many foreign customers with its high-quality products, excellent R&D design capability, and high standard pre-sales and after-sales service.

  • What You Need to Know Before Installing Solar Panel on Your Roofs
    What You Need to Know Before Installing Solar Panel on Your Roofs
    • Jun 18, 2020

    Putting solar panels on your roof costs as much as a car, but the cohort of experienced buyers is far, far smaller. Besides that, “This is a big one. This is one where you can’t say, ‘well, if I make a mistake, the next time I’ll know better,’” says Jane Weissman, the president and CEO of the nonprofit Interstate Renewable Energy Council, which just released a consumer checklist and other resources for rooftop solar to consider before making the jump to solar energy. 1. Do you have a roof that can support solar panels? This is pretty key. If your roof is covered in shade most of the day throughout the year, or your roof won’t cut it, or you can’t make the call because you rent your apartment or live in a multi-unit building, looking into shared or community solar would be better choice. This approach lets many different customers buy a stake in a solar installation and receive credits on their electricity bills. If you do have a suitably sunlit rooftop to work with, Weissman says, make sure it’s in good shape structurally, thus you don’t have to pay extra time and money for renovation mounting system during the 20 or 25 years of solar installation warranties. Lastly, envision the future of your yard away from obstructions. Be prepared to prune your foliage to keep the panels clear. 2. Have you done everything you can to improve efficiency? The amount of solar energy you need to produce depends on how much you use, so it makes sense to trim your usage as much as possible before paying for all those panels and Fastensol mounted. Start with an energy audit and look for efficiency upgrades before you draw up blueprints. 3. Which kind of solar makes sense? If your home uses a lot of energy for heating, or you live somewhere where heating fuel is expensive relative to electricity, a solar thermal investment could break even sooner, says the engineer Timothy Wilhelm. But, he adds, solar thermal is rarer for homes, so it might be harder to find a qualified installer. 4. How do you connect to the grid? The details vary depending on where you live, but the principle is that any time you’re connecting with a utility, there are a lot of logistics to sort out. Do you have to pay a fee? How long does it take for the utility to get you hooked up? Once you are connected, how and when will you be credited for the electricity you generate? That refers to net-metering, the practice by which utilities reimburse rooftop solar at the same rate as they charge users for electricity. 5. Is your installer trustworthy? This applies any time you hire someone to come into your home, but solar combines the logistics of a home improvement project with the risks of electrical work. Credentials and references are especially important. “You wouldn’t hire an electrician who had never done electrical work to come into your house and change things around,” says Kelly Larson, an electrical contractor in California with 20 years of experience doing solar installations. And this is a b...

  • DG Ground-mounted Solar PV Market Analysis with Industry Research Report 2020 to 2028
    DG Ground-mounted Solar PV Market Analysis with Industry Research Report 2020 to 2028
    • Jun 10, 2020

    On the back of growing population and economic development around the world combined with rising energy demand among residential, commercial and public services, and transport sector, the global DG Ground-mounted Solar PV market is estimated to witness exuberant growth over the forecast period, i.e., 2020-2028. According to IEA (International Energy Agency), the worldwide energy demand grew by 4% (900TWh) in 2018. In the same year, the estimation of total electricity production across the globe was attained through coal and natural gas, with coal contributing to 25.6% and natural gas with 27.9% of the total production. Additionally, there is a rising demand for clean, sustainable and eco-friendly energy generation due to increased concerns pertaining to rise in CO2 emissions from energy generation. With the rapid growth of industrial and residential sector and increase in demand for heating and cooling from among the global population due to climate change, heavy demand for electricity has arisen from across almost every region in the world which is estimated to increase the demand for energy and contribute to the growth of the market over the forecast period (2019-2028). International Energy Agency (IEA) had stated in its report that the average growth rate of energy consumed globally grew by 2.3% in 2018 and had almost doubled since 2010. It also states that the worldwide energy demand grew by 4% (900 TWh) in 2018. Industrial segment consumed highest amount of energy of about 8945 TWh in 2017 as compared to 8699 TWh in 2016. Additionally, residential sector consumed about 5775 TWh in 2017 as compared to 5680 TWh of energy in the year 2016. Moreover, CO2 emissions arising from production of energy had registered an increase of 1.7% with emission levels of CO2 reaching 33 Gigatonnes. Some of the global players in this DG Ground-mounted Solar PV Market are: Jinko Solar SunPower JA Solar Trina Solar Yingli Canadian Solar Several sectors have witnessed high levels of energy consumption globally, with the industrial segment consuming the highest of about 8945 TWh in the year 2017 as compared to 8699 TWh of energy consumed in 2016.). Moreover, International Energy Agency (IEA) had also mentioned in its report that in 2018, the average growth rate of energy consumption had almost doubled since 2010 and grew by 2.3% in 2018. Additionally, CO2 emission levels arising from production of energy had recorded an increase of 1.7% reaching about 33 Gigatonnes. Many governments across the world have introduced stringent policies and regulations for reducing carbon emissions that is destroying the environment. Fastensol is one of China's leading suppliers of solar mounting systems has won the trust and good trade reputation of many foreign customers with its high quality products, excellent R&D design capability and high standard pre-sales and after-sales service.

  • In the future, the cost of photovoltaic power generation will drop to about one cent
    In the future, the cost of photovoltaic power generation will drop to about one cent
    • Jun 05, 2020

    In the global energy structure, the penetration rate of solar power generation is relatively low, which prompted an American technical expert to predict that the photovoltaic learning curve will lead to the price of photovoltaic power generation reaching 1-2 US dollars in relatively sunny areas by 2030-2035. Minute. Clean energy investor and technology expert Ramez Naam (Ramez Naam) inferred that the utility-scale solar projects built since 2010 will generate electricity prices will continue for 10 years, and plans to start using before the end of the year. The current price trend of solar panels follows Lai's law, that is, each time manufacturing output doubles, production costs will fall by a fixed 25%. Nahm studied the average cost of global photovoltaic power generation (in addition to the cost of modules), and separately investigated the average cost of India, China and the United States. These costs (except for the cost of modules) accounted for 2/ 2 of the average cost of solar power plants. According to Lai's law, every time the photovoltaic power generation capacity doubles, the price of solar power will drop by 30-40%. The technical expert said: “The price of solar energy is falling faster than anyone including me predicts. The data predicted by modeling shows that the price of photovoltaic power generation will continue to fall faster than expected, and the final price will be Lower than almost everyone’s expectations. By any standard, these prices are crazy enough to change the world’s cheapness.” This price drop will make solar energy cross the tipping point of the energy transition, and the construction cost of new solar projects will be low. The operating cost (marginal cost) of existing fossil fuel power generation facilities, even in the era of extremely low natural gas prices. As of the end of 2019, solar energy accounted for only 2% of the global energy structure. Nam said he expects the learning curve, or experience curve, to develop at the same rate due to the application of Lay's law, and the world will increase at least twice The photovoltaic power generation capacity reaches 2.4 terawatts, which is 8% of the world's electricity demand today. Nahm believes that by that stage, the cost of solar power will be halved from the current level. Namm’s research pointed out: “In sunny areas with low capital, labor and land costs, we can often see unsubsidized photovoltaic electricity prices between 0.01-0.02 USD/kWh.” In California, we may look at To $0.025 per kilowatt-hour of unsubsidized solar energy. In Northern Europe, we can see that utility-scale solar energy is usually priced at $0.04-0.05/kWh. At present, the cost of photovoltaics has been 30-40 years ahead of the International Energy Agency's (IEA) forecast in its 2014 solar technology roadmap, and 7-10 years ahead of the 2015 forecast by Biham in 2015. Only data from Lawrence Berkeley Laboratories and the United States were used. The IEA claimed that it announced possible...

  • Forecast of global photovoltaic market prospects in 2019
    Forecast of global photovoltaic market prospects in 2019
    • Oct 18, 2019

    The global PV market is optimistic and will remain at a high level. At present, tackling climate change has become the voice and consensus of the world. At present, 146 countries around the world have set renewable energy targets, and some well-known multinational companies have achieved or set 100% renewable energy use targets. In addition, major markets such as China, Japan, India, and the United States will remain stable and will change slightly; the European market will be a new sprout in the future, and the EU market is expected to grow significantly faster than in the past in 2019. It can reach more than 11GW; emerging markets are also rising rapidly. Due to the continuous increase in electricity prices and the lack of power supply, Australia's large-scale terrestrial photovoltaics will overtake household PV in 2018. It is expected to remain above 4GW in 2019, including Mexico. Turkey is growing rapidly. At the same time, due to the shortage of supply in the past few years, some enterprises have increased production, and some of the backward production capacity has not been effectively withdrawn. The two factors are superimposed. In the case of slowing market growth, the industry will face a key turning point. After this transition and industry integration, the photovoltaic industry is expected to gradually achieve high quality development. Fastensol is one of China's leading suppliers of solar mounting systems has won the trust and good trade reputation of many foreign customers with its high quality products, excellent R&D design capability and high standard pre-sales and after-sales service.

  • Solar Power Is Starting to Shine
    Solar Power Is Starting to Shine
    • Aug 15, 2019

    The U.S. solar-energy market just had its strongest first quarter yet, and rooftop power has emerged as the most promising growth sector. Though it represents a small portion of the overall market, residential solar power has a lot of potential to grow, experts say. Strong customer demand, a handful of recent policy developments, and opportunities in battery storage are working in its favor. In the first three months of 2019, the U.S. installed a record 2.7 gigawatts of solar photovoltaic cells, marking the most solar installations in the first quarter of a year, according to a report released Tuesday by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. Rooftop residential solar made up 22% of the installations in the last quarter, and that percentage is on the rise Key drivers of growth include South Carolina's removal of its net-metering cap, which limited the amount of energy that solar system owners could exchange on the grid, and Maryland’s recent bill that requires the state to generate 50% of its electricity from renewable energy by 2030. The market for rooftop solar will continue to rely on regions where installations have been strong, such as California and the Northeast, but large solar players are turning their attention to emerging markets. Almost a third of new residential capacity during the first quarter came from markets outside the top-10 in cumulative capacity, the highest share ever, according to the report. We are a professional solar product manufacturer and solar mounting solutions supplier, including roof mounts, ground mounts, carport mount, solar farm and other solar accessories.

  • Global PV Market Demand Blooms Everywhere
    Global PV Market Demand Blooms Everywhere
    • Aug 05, 2019

    In 2018, the global installed capacity of photovoltaics is about 104GW, which is basically the same as 2017. At the same time that the scale of the Chinese market in the world's largest PV market has begun to shrink, the demand for overseas emerging markets has blossomed everywhere. In the US market, the newly installed capacity in 2012 was 11.36 GW, and the total installed capacity was 64.66.GW. The newly installed capacity and total installed capacity were the second in the world. "Overall, due to the risk of policy uncertainty, the installed capacity may have an impact, but due to the state's planned support, the cost competitiveness advantage is gradually clear, and the long-term installed capacity will continue to grow steadily," Zhang Sen said. The EU market is a traditional PV application market. According to the statistics of the European Solar Photovoltaic Association, the EU installed 8GW in 2018, a year-on-year increase of 36%. Zhang Sen believes that the new installed capacity of the EU market will show a growth trend in the next five years, and the market scale is above 10GW. According to Bloomberg statistics, in 2018, Japan added 6.7 GW of new installed capacity, with a total installed capacity of 44.5 GW. There is a market space of nearly 50 GW from the target of 2030, and the annual installed capacity is about 4 GW. Japan's Ministry of Economy, Trade and Industry (METI) will significantly reduce the subsidy for on-grid tariffs for large-scale PV projects (not connected to the grid) approved from 2012 to 2014. The subsidy will be extended to September 2019, which is expected to bring a new domestic market in 2019. Wheel grabs. India is in a period of rapid development. According to Bloomberg New Energy Finance and Statistics, in 2011, India's PV installed capacity was 11GW, up 22.2% year-on-year. It is expected to add 12GW in 2019, and the growth momentum will continue. India has replaced Japan as the world's third largest market. In the future, the installed capacity will reach 15GW in the next 2020, surpassing the US to become the world's second largest market. India approved the second phase of the 40 GW grid-connected solar project in 2022 and the 25.8 GW agricultural solar project in 2022, which is expected to provide Rs. 18 billion (US$1.656 billion) and Rs. 344 billion (US$4.44 billion) respectively. The subsidies are used to support household solar and agricultural solar projects. According to statistics, as of the end of 2018, the installed capacity of rooftop solar projects in India is 3.8GW, which is less than 10% of the installed target in 2022. The future application market is huge. Some agencies predict that India is expected to achieve the goal of cumulative installed capacity of 100GW ahead of 2020. According to the data of Jibang New Energy, the installed capacity of photovoltaics in Australia was 3.78GW in 2018, which became the fifth largest market in the world, with a year-on-year increase of 222%. Among them, t...

  • Germany added 292 MW of solar in July
    Germany added 292 MW of solar in July
    • Jul 03, 2019

    Germany's Federal Network Agency said new PV capacity reached 291.7 MW in July, a good 20 MW more than the amount connected in June. The strongest market driver remains projects – rooftop and ground-mounted – with a generation capacity of no more than 750 kW, under the feed-in tariff (FIT) scheme. Only 18.5 MW of project capacity came online during the month as a result of utility scale tenders. A further 26.2 MW came from large scale projects built outside the tender scheme. The remaining 250 MW or so came in the form of rooftop installations and other types of array. Only 945 kW came online under the tenant electricity scheme in July. In the first seven months of the year Germany added 2.38 GW of new solar with its cumulative installed capacity topping 48.31 GW. German tariffs will cease when total capacity hits 52 GW, a figure analysts expect to arrive next year. In September, feed-in tariffs and market premiums will again fall 1.4%. Depending on type and size of system, FITs are between €0.0713 and €0.1033/kWh. In the ‘direct marketing’ system category – mandatory for arrays with a generation capacity above 100 kW – the payment is €0.004/kWh. For October, a further 1.4% reduction in payments for systems with a capacity of up to 750 kW has already been fixed. FastenSol- Your Solar Partner!!

  • Hundreds of millions to be channelled into emerging solar markets
    Hundreds of millions to be channelled into emerging solar markets
    • Mar 08, 2019

    Hundreds of millions to be channeled into emerging solar markets lose to a dozen emerging solar PV markets are to reap hundreds of millions of development money, under a scheme managed by Dutch and South African organisations. The Climate Investor One programme has closed US$850 million financing for renewables in Africa, Asia and Latin America, far ahead of its initial US$530 million target. Raised over two years, the capital will foster 1.7GW of clean energy projects in at least Burundi, Cameroon, Uganda, Kenya, Malawi, Mongolia, Madagascar, Djibouti, Morocco, Nigeria and Indonesia. The programme, summary documents show, will target 25-75MW projects in PV (around 40% of portfolio), wind (40%) and run-of-river hydro (20%). Biomass, geothermal and others may also be considered. Climate Investor One will follow the blended finance approach, providing projects with early-stage loans but also equity covering up to 75% of construction costs and follow-up refinancing. The programme has already committed to various projects. Cleantech Solar, the Shell-owned Asian C&I rooftop specialist with a portfolio of 116MW, has already been granted construction capital. The scheme will be run by Coöperatief Climate Fund Managers, a joint venture between Dutch development institution FMO and South African developer Sanlam InfraWorks. The UN’s Green Climate Fund (GCF) remains a major backer to the initiative, having committed a US$100 million grant to it. According to the GCF, the initial 11 target countries were singled out over their major energy deficits and over-reliance on fossil fuels, coupled with a lack of early-stage funding for renewables. Development funding is seen as a key enabler of solar PV across emerging markets, where land acquisition, corruption and social impacts can hinder green infrastructure plays. From the GCF to IFC and the ADB, development financiers caught up with PV Tech over the spring, sharing their views on a solar industry they regard as central to the energy transition.

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