‘US and China hold half of planned solar projects’

The US and China together hold close to half of the world’s planned solar projects, according to new analysis. The global pipeline of PV projects currently stand at 132GW, out of which 10GW are under construction, analysts at IHS found. In total, the US has 35GW of PV projects in various stages of development while […]

Global solar projects to hit three year high in 2014

Solar panel installations are set to hit a three-year high in 2014, according to information company IHS. Following a two-year solar slowdown, the firm predicts projects could hit 41 GW next year, bringing in revenues of more than $86 billion (£53.5 billion). Solar installations could rise by nearly a fifth (17%) over the year, following […]

Japan forecast to install $20bn worth of PV systems

Japan could install $20 billion (£13.15bn) worth of solar systems and could become the “world’s largest” PV market in terms of revenue this year. New research by analysts at IHS revealed a total of 1.5GW worth of solar systems were installed in the first quarter of this year, up from 0.4GW the same time last […]

Solar storage market to be worth $19bn by 2017

Global installations of solar storage systems are forecast to grow by more than 100% a year in the next five years, with a market worth $19 billion (£16bn). Total installed capacity could reach almost 7GW in 2017, with Germany expected to account for more than two thirds (70%) of the worldwide total this year once […]

Asia to beat Europe in solar installations in 2013

Europe’s dominance in the global solar market is “set to end” as PV installations are expected to “dramatically decline” in 2013. That’s according to analysts at IHS, who have predicted Asia to become the largest region for PV installations “for the first time in 10 years”. They claim that despite the growth in countries such […]

Europe needs major investment for stable energy system

European utilities will have to invest around €1 trillion (£0.86tr) by the end of the decade in new infrastructure to ensure the region has a good supply of energy. That’s according to analysts at IHS, which claims the investment climate has deteriorated significantly in the last year and threatens the region’s green agenda. ‘The Energy […]

Gazprom issues profits warning

Russian state gas company Gazprom has warned investors of a drop in profits and sales revenue in 2012. In its Investor Day presentation in Moscow, the firm said it paid out $2.7 billion (£1.7bn) last year in refunds to customers in Europe. It also plans another $4.7 billion (£3bn) in potential price cuts this year […]

“Years” before shale gas explodes outside US

It will be “years” before an American style boom in shale gas and other unconventional fuels is seen outside of the States. That’s according to a new report which adds to speculation about where the new resource will next take off. In the USA the surge in unconventional oil and gas extraction has led to […]

Hayes lifts red tape for investors in coal-to-biomass plants

Energy Minister John Hayes has lifted red tape for renewable biomass plants converted from coal power stations to give a boost to investors. Announcing the plan on Friday, the Minister said the energy plants will be covered by a voluntary reporting process under the Renewables Obligation. DECC said this will slash regulatory burdens on generators […]

New North Korea nuclear plant takes step forward

Satellite images show North Korea has taken a “major step” in building up a new nuclear reactor. It appears a dome has now been put over the reactor building at the Yongbyon Nuclear Scientific Research Centre. North Korea has a chequered nuclear past: withdrawing from the international Non-Proliferation Treaty in 2003, in 2008 it then […]