Renewable energy is essential to modern society – reducing harmful emissions from fossil fuels and making us more self sufficient. This site will explore what people are doing to help get us closer to a greener, renewable energy sourced world Read more »
Market research company iSuppli predicts that the global PV market will expand next year despite reduced government incentives in some European countries.
Overall, reduced solar PV prices are expected to boost the industry with global installations predicted to total 20.2 Gigawatts in 2011. Even in Germany and Italy where incentives via feed in tariffs have been significantly cut, return on investment is predicted to be in the 8-10% range.
iSuppli’s de Haan said “iSuppli believes 2012 will be the year when the PV industry weans itself from the generosity of German subsidies …The German market will cool off and expand by only 4 to 5GW per year for the next several years. We believe the government aims to keep an orderly progression in order to achieve an ultimate goal of around 80GW of installed PV capacity.”
Although cuts in government feed in tariffs have had an impact in some countries, new incentives have appeared in others such as the UK.Read: Solar PV ‘Feed in Tariff’ Outlook
The Government introduced two new renewable energy incentive schemes yesterday in a bid to encourage greener homes and businesses. The two schemes are expected to improve energy efficiency and increase small-scale low-carbon electricity.
The Government say that their Carbon Reduction Commitment Energy Efficiency Scheme (CRC EES) for businesses and Feed in tariffs (FITs) will help people save money on fuel bills, reduce carbon emissions and generate decentralised low-carbon electricity.
Secretary of State for Energy and Climate Change, Ed Miliband, said:Read: UK Feed In Tariff Launched
With more people wanting to be energy self sufficient and goverments providing financial incentives to make this ideal more affordable, we are looking at a future where domestic energy generation is rolled out to the masses.
In the UK, National Grid operate the high level grid infrastructure (generally any substations, power lines or cables rated at above 132kV) and distribution network organisations operate the local grid infrastructure of 132kV and below in the different regions.
With this anticipated increase in households generating their own green electricity, so will come increasing demands to connect these individual generators to the local distribution networks. Domestic generators such as solar PV panels, micro-wind turbines, or micro-scale CHP units will have the potential to export small amounts of electricity (as little as 0.5 kW). The result will be far more complex, actively managed local electricity networks, in which power flows in different directions at different times. Ensuring that distribution operators are ready for this change represents a major challenge.Read: Can our Grid System Cope with Domestic Renewable Energy?
The UK Government wants people and organisations producing electricity from renewable energy sources to receive higher rates for their home grown electricity.
The UK government has launched a consultation on the prices to be paid to people generating their own electricity from renewable energy. The new fixed rate tariffs, or ‘feed in tariffs’ as they are known in the renewable energy industry are aimed at domestic and micro -renewable energy generators and vary according to the renewable technology.
The Consultation on Renewable Electricity Financial Incentives proposes that tariffs will be paid for 20 years for new projects, except for solar PV which will be paid for 25 years.Read: UK Micro – Renewable Energy to Receive Financial Boost