While the ongoing impasse over Australia’s renewable energy target has brought the large-scale solar industry to a standstill, the broader global market is buzzing with activity, a new report has shown.
An update on Monday from Deutsche Bank detailing some of the more interesting renewables market developments over the past week reveals that solar installations are happening at pace around the world.
In just this past week, the report shows, India has approved 1GW of grid-connected solar PV projects; China has re-committed to 14GW target of installed solar this year; and South Carolina’s utilities have agreed to pay for excess power from rooftop systems.
India’s NTPC announced plans to set up PV projects on top of thermal plants, and Acciona has connected a ~94MW solar farm to the grid in South Africa.
In France, Allianz Global Investors acquired a 58MW solar park portfolio; Japan announced two solar projects (52MW) to be added to the grid; and the Mexican government approved a ~37MW PV project.
And that’s not the whole of it.
In Australia, meanwhile, the large-scale solar industry is more or less moribund, with only a handful of rooftop solar systems of around 100kW announced over the past few months – despite the efforts of households and businesses.
© 2014 Solar Choice Pty Ltd