Utility-scale solar PV continues to grow at a breakneck pace, driven by continually falling prices, including 19.7 USD/MWh in the recent Mexico auction and 17.9 USD/MWh in the recent Saudi Arabia auction – price levels that were nearly inconceivable even just a few years ago.
Demand for electrical power in Asian countries is nothing short of staggering; the World Energy Outlook 2013 report by the International Energy Agency (IEA) Non-OECD (Organization for Economic Cooperation and Development) shows countries in Asia hold the largest share of global growth in primary energy demand at 65%.
Currency fluctuations have always impacted international business, but these fluctuations can have significant effects if a portion of a technology’s value chain is heavily concentrated in one currency.
Prospects for nuclear power are impressive, and it is a positive moment for Asia. Let's start with the fact that nuclear power is really one of the most environmentally friendly: during normal operation, the environmental impact of nuclear power plants is three times less than that of the traditionally popular thermal power plants.
Yes, the consequences of accidents can be catastrophic, but so far the largest – let it be so - remains Chernobyl. The accident at the nuclear power plant at "Fukushima -1" resulted, of course, in a real tragedy, but its consequences cannot be put on par with Chernobyl.
At the same time countries such as Iran proclaim nuclear energy development is “a matter of national pride”, China is evolving practical approaches to a new Asian power paradigm. While not yet abandoning fission and thermal plants, burning over 3.5 billion tons of coal in 2012, and exploring oxymoronic “synthetic natural” gas-i.e.
The solar photovoltaic (PV) market is poised to rise from the ashes of its 2011 crisis to grow to $155 billion in 2018, as market forces engineer a turnaround to a healthy 10.5% compound annual growth rate (CAGR).
Lux Research recently published a report, “Getting to Nearly-Zero Energy Buildings- Ambitious Targets, Modest Progress,” examining the drivers behind the new construction market for nearly-zero and net-zero energy buildings and projecting the market size over the next five years for building envelope materials in such buildings.