Study predicts 1 TW of solar capacity by 2023

first_imgStudy predicts 1 TW of solar capacity by 2023 FacebookTwitterLinkedInEmailPrint分享Greentech Media:It’s time for our regular check-in on where solar PV installations are headed. Here’s the quick answer: Prices are still going down and capacity is going up around the world. Pretty much the same path we’ve been on.But that path for solar has widened.In fact, within the next five years, the world will likely have over 1 terawatt of solar capacity installed, according to the latest global data from Wood Mackenzie Power & Renewables. That’s a trillion watts. That’s enough to serve more than one-third of America’s electricity consumption.Our last major capacity projection was one year ago, when the GTM Research team forecasted 871 gigawatts by 2022. The latest projections show higher-than-expected growth for every year after 2018. For example, WoodMac projections for 2020 are 26 gigawatts higher than last year’s forecast.Basically, it’s Asia and everyone else. China, Japan and India will make up 20 percent of the total global market through 2023. Over the next two years, China and Japan will make up half of annual installations—even with both markets in decline this year.The reason for the upward adjustment in capacity is pretty simple. Prices are ultra-competitive—and falling. More countries are putting in place auction systems — increasingly “subsidy-free”— and large-scale solar PV is winning a lot of bids. Cost drops haven’t kept pace with recent price drops, but WoodMac expects costs to catch up. WoodMac analysts simulated 625 auction-tariff scenarios and found a median price of 2 cents per kilowatt-hour by 2022.More: By 2023, the world will have 1 trillion watts of installed solar PV capacity–last_img read more

3 things I learned about being a young professional from a heavy rock festival!

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: James MarshallSo, for those of you that know me well… You may know I like my music on the… Well… Heavier side of things. For those of you that don’t know me that well, you now also hold this information! Now we can begin.I recently spent 5 nights camping in a field at one of Europe’s biggest ‘heavy rock’ festivals, Download. It’s an experience I shall never forget. The joy people held for hearing their favourite bands play their favourite songs louder than they’ve ever been played, it was almost magical. I could go on for days about what I saw there but instead, I want to tell you about 3 things I learned there which will affect my professional life.These 3 things aren’t new ideas, they aren’t revolutionary and they aren’t difficult! So, I know what you’re thinking, tell us already:1. Don’t be scared to ask for help.Day 1, my friend and I arrive at a campsite surrounded by hundreds if not thousands of already pitched tents. I have to be honest… I had never pitched a tent before which wasn’t a pop up. After struggling for about 25 minutes and most likely being laughed at by our camping neighbours, I asked for help. Within 5 minutes and to my surprise, an army of people where helping us build our tent and not 5 minutes later, we were housed for the week. continue reading »last_img read more