source: http://feedproxy.google.com/~r/renewableenergyworldblogfeed/~3/ozOWPgWRLrk/

Inspire, a company that purchases renewable energy credits (RECS) and retires them on behalf of its customers, announced it has signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC. As part of Shell, Inspire intends to rapidly scale its offering of access to sustainable energy to U.S. households.

According to its website, Inspire is licensed to do business in several deregulated states and DC. It recruits customers and sells them clean energy for a fixed price.

 “We look forward to joining Shell’s talented team to achieve our energy transition goals together,” said Patrick Maloney, Founder & CEO of Inspire. “We share the belief that renewable energy should be accessible to everyone and Shell’s resources, reach and ownership of many aspects of the energy value chain will help us scale and advance our mission.”

“Our goal is to become a major provider of renewable and low-carbon energy, and this acquisition moves us a step closer to achieving that,” said Elisabeth Brinton, Executive Vice President of Renewables & Energy Solutions at Shell. “This deal instantly expands our business-to-consumer power offerings in key regions in the U.S., and we are well-positioned to build on Inspire’s advanced digital capabilities to allow more households to benefit from renewable and low-carbon energy.”

Inspire will operate under its existing brand within Shell’s Renewables & Energy Solutions integrated power business. The Inspire leadership team and existing employee base will remain in place.

 The deal is expected to be completed by Q4 of 2021, subject to regulatory approvals and the satisfaction of closing conditions.

Its Simple to Earn Free Energy. Really http://reduceandsaveenergy.com/switch

source: http://feedproxy.google.com/~r/RenewableEnergyNewsRssFeed/~3/8giB29XoFU4/

By Maren Schmidt, FIMER

As someone who has worked in the global solar PV sector for many years, recent reports outlining the huge growth in renewable energies and specifically solar PV, are very encouraging.

For example, despite the disruption of the past 12-18 months, in its recent Renewable Energy Market Update, the International Energy Agency (IEA) said that, in 2020, annual renewable capacity additions increased 45 percent to almost 280 GW – the highest year-on-year increase since 1999.

It is also forecasting that ‘exceptionally high-capacity additions will become the “new normal” in 2021 and 2022, with renewables accounting for 90 percent of new power capacity expansion globally’. It says that solar PV development will continue to ‘break records’, with annual additions reaching 162 GW by 2022 – almost 50 percent higher than the pre-pandemic level of 2019.

In particular, the share of utility-scale applications is forecast to increase from over 55 percent in 2020 to almost 70 percent in 2022.

This rapid expansion over 2020 and forecast growth for 2021-22 is fantastic news for the sector, and particularly the utility-scale market.

So, what are the key drivers supporting this robust growth outlook?

Increasing cost-effectiveness

Solar PV is fast becoming the most cost-effective form of power generation and can be combined with energy storage to create a reliable source of power. This is as a direct result of the dramatic fall in solar panel prices, solar inverters and more cost-effective mounting and tracker systems, and increased efficiency of solar technology. 

In addition, PPAs are proving increasingly popular and are making utility-scale projects more economically viable.  For example, while the United States remains the dominant corporate PPA market, activity in Europe almost tripled in 2020, with Spain also identified as a hotspot, with a record number of PPAs signed.

While the outlook is less certain in some markets, such as Latin America, especially due to the temporary impact of Covid-19, and changes in political support in the utility-scale sector in countries such Mexico, deployments are still expected to increase.

Government Policies and Regulations

Many global governments have committed to ambitious carbon reduction targets, which is driving solar growth. For example, under the Paris Agreement, the U.S. and Canada committed to cut carbon emissions by approximately 30% between 2025 and 2030; Europe is aiming for a reduction of at least 40% below 1990 levels by 2030; and India has committed to cutting emissions intensity by 33%-35% below 2005 levels and generating 40% of its electricity from non-fossil fuel sources by 2030. The UK also became the first G7 country to legislate to hit net zero emissions by 2050.

ESG and the Corporate Decarbonization Agenda

The transition to renewables is now high on the agenda for developers, investors, utilities, and policymakers, and is being driven by demand from the corporate market that sees procuring energy from a renewable source as a key part of their decarbonization plans. Where installing an on-site solar PV array isn’t possible, buying from a renewable source that is generated from a utility-scale application is growing in popularity.

Innovation to meet demand

With these factors driving growth, particularly for utility-scale solar PV applications, how can technologies meet this demand?

• Advancements in Battery Storage — Storage is expected to play a key role in the future success of solar PV – not just for residential and C&I, but for utility-scale as well. The cumulative installed capacity of energy storage projects is expected to increase from 11 GW in 2020 to 168 GW in 2030, according to BloombergNEF’s New Energy Outlook. As batteries become more powerful and last longer, the switch from fossil fuels to solar PV renewable energy will be further supported, increasing overall demand.
• Bifacial Modules — Maximizing power outcome is becoming another driver for the rapid growth in demand of utility-scale solar PV projects. One such innovation is the increasing use of bifacial modules. In the US, a report from analysts Wood Mackenzie forecast growth of bifacial modules installed to 2 GW by the end of 2020 compared to 500 MW in 2019, and a huge increase to more than 7 GW by 2024. 
• Floating PV Systems — Floating PV is also a trend to watch. According to a report from Fitch Solutions, utility-scale floating solar installations are set to increase globally over the next few years, largely driven by increased investor interest and a growing project pipeline. It estimates that nearly 10GW of new floating solar capacity will be installed in the next 5 years, with Asian markets such as China, South Korea, India, Thailand and Vietnam expected to be key markets.
• Higher current requirements — Another important trend is the move towards larger size modules, with the incorporation of 210 mm larger wafers. This demand for high power density solutions, and increasing the number of solar panels per string to reduce cost on BOS, will require inverter technologies to adapt to cope with higher current pics and a higher number of MPPT.

Technology solutions fit for the future

So, how do technology providers ensure that their solutions are fit for purpose in this new era for utility-scale solar? 

For FIMER, a collaborative approach among solar project developers, IPP firms, EPCs, technical advisors and component manufacturers is crucial. As well as adapting and developing our technologies to meet new demands, being involved at the very beginning of the project helps to ensure that the right solution is specified that optimizes performance, increases production and keeps losses to a minimum, aiming to both increase IRR and reduce LCOE.

For example, we recently announced the launch of two new platforms for the utility market – a high-power MPPT inverter and a modular conversion platform – that can serve both centralized and decentralized plant layouts.

In conclusion, it is an exciting time for utility-scale solar projects. Projected strong growth, favourable political and regulatory environments, and increasing corporate demand for renewable energy, mean that innovative utility-scale solar projects are being deployed to fully maximize the power of the sun.

This is pushing demand for technologies that are fit for future growth – a challenge we are more than relishing rising to.

---

About the Author:

Maren Schmidt De Angelis is managing director of FIMER’s Utility business line.

Sick of Paying an Outrageous Electric & Gas Bills? http://reduceandsaveenergy.com/switch

source: http://feedproxy.google.com/~r/SolarEnergyrssFeed/~3/8giB29XoFU4/

By Maren Schmidt, FIMER

As someone who has worked in the global solar PV sector for many years, recent reports outlining the huge growth in renewable energies and specifically solar PV, are very encouraging.

For example, despite the disruption of the past 12-18 months, in its recent Renewable Energy Market Update, the International Energy Agency (IEA) said that, in 2020, annual renewable capacity additions increased 45 percent to almost 280 GW – the highest year-on-year increase since 1999.

It is also forecasting that ‘exceptionally high-capacity additions will become the “new normal” in 2021 and 2022, with renewables accounting for 90 percent of new power capacity expansion globally’. It says that solar PV development will continue to ‘break records’, with annual additions reaching 162 GW by 2022 – almost 50 percent higher than the pre-pandemic level of 2019.

In particular, the share of utility-scale applications is forecast to increase from over 55 percent in 2020 to almost 70 percent in 2022.

This rapid expansion over 2020 and forecast growth for 2021-22 is fantastic news for the sector, and particularly the utility-scale market.

So, what are the key drivers supporting this robust growth outlook?

Increasing cost-effectiveness

Solar PV is fast becoming the most cost-effective form of power generation and can be combined with energy storage to create a reliable source of power. This is as a direct result of the dramatic fall in solar panel prices, solar inverters and more cost-effective mounting and tracker systems, and increased efficiency of solar technology. 

In addition, PPAs are proving increasingly popular and are making utility-scale projects more economically viable.  For example, while the United States remains the dominant corporate PPA market, activity in Europe almost tripled in 2020, with Spain also identified as a hotspot, with a record number of PPAs signed.

While the outlook is less certain in some markets, such as Latin America, especially due to the temporary impact of Covid-19, and changes in political support in the utility-scale sector in countries such Mexico, deployments are still expected to increase.

Government Policies and Regulations

Many global governments have committed to ambitious carbon reduction targets, which is driving solar growth. For example, under the Paris Agreement, the U.S. and Canada committed to cut carbon emissions by approximately 30% between 2025 and 2030; Europe is aiming for a reduction of at least 40% below 1990 levels by 2030; and India has committed to cutting emissions intensity by 33%-35% below 2005 levels and generating 40% of its electricity from non-fossil fuel sources by 2030. The UK also became the first G7 country to legislate to hit net zero emissions by 2050.

ESG and the Corporate Decarbonization Agenda

The transition to renewables is now high on the agenda for developers, investors, utilities, and policymakers, and is being driven by demand from the corporate market that sees procuring energy from a renewable source as a key part of their decarbonization plans. Where installing an on-site solar PV array isn’t possible, buying from a renewable source that is generated from a utility-scale application is growing in popularity.

Innovation to meet demand

With these factors driving growth, particularly for utility-scale solar PV applications, how can technologies meet this demand?

• Advancements in Battery Storage — Storage is expected to play a key role in the future success of solar PV – not just for residential and C&I, but for utility-scale as well. The cumulative installed capacity of energy storage projects is expected to increase from 11 GW in 2020 to 168 GW in 2030, according to BloombergNEF’s New Energy Outlook. As batteries become more powerful and last longer, the switch from fossil fuels to solar PV renewable energy will be further supported, increasing overall demand.
• Bifacial Modules — Maximizing power outcome is becoming another driver for the rapid growth in demand of utility-scale solar PV projects. One such innovation is the increasing use of bifacial modules. In the US, a report from analysts Wood Mackenzie forecast growth of bifacial modules installed to 2 GW by the end of 2020 compared to 500 MW in 2019, and a huge increase to more than 7 GW by 2024. 
• Floating PV Systems — Floating PV is also a trend to watch. According to a report from Fitch Solutions, utility-scale floating solar installations are set to increase globally over the next few years, largely driven by increased investor interest and a growing project pipeline. It estimates that nearly 10GW of new floating solar capacity will be installed in the next 5 years, with Asian markets such as China, South Korea, India, Thailand and Vietnam expected to be key markets.
• Higher current requirements — Another important trend is the move towards larger size modules, with the incorporation of 210 mm larger wafers. This demand for high power density solutions, and increasing the number of solar panels per string to reduce cost on BOS, will require inverter technologies to adapt to cope with higher current pics and a higher number of MPPT.

Technology solutions fit for the future

So, how do technology providers ensure that their solutions are fit for purpose in this new era for utility-scale solar? 

For FIMER, a collaborative approach among solar project developers, IPP firms, EPCs, technical advisors and component manufacturers is crucial. As well as adapting and developing our technologies to meet new demands, being involved at the very beginning of the project helps to ensure that the right solution is specified that optimizes performance, increases production and keeps losses to a minimum, aiming to both increase IRR and reduce LCOE.

For example, we recently announced the launch of two new platforms for the utility market – a high-power MPPT inverter and a modular conversion platform – that can serve both centralized and decentralized plant layouts.

In conclusion, it is an exciting time for utility-scale solar projects. Projected strong growth, favourable political and regulatory environments, and increasing corporate demand for renewable energy, mean that innovative utility-scale solar projects are being deployed to fully maximize the power of the sun.

This is pushing demand for technologies that are fit for future growth – a challenge we are more than relishing rising to.

---

About the Author:

Maren Schmidt De Angelis is managing director of FIMER’s Utility business line.

Save up to 25% off your solar setup today http://ow.ly/7AMD302gEva

source: http://feedproxy.google.com/~r/SolarEnergyrssFeed/~3/ozOWPgWRLrk/

Inspire, a company that purchases renewable energy credits (RECS) and retires them on behalf of its customers, announced it has signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC. As part of Shell, Inspire intends to rapidly scale its offering of access to sustainable energy to U.S. households.

According to its website, Inspire is licensed to do business in several deregulated states and DC. It recruits customers and sells them clean energy for a fixed price.

 “We look forward to joining Shell’s talented team to achieve our energy transition goals together,” said Patrick Maloney, Founder & CEO of Inspire. “We share the belief that renewable energy should be accessible to everyone and Shell’s resources, reach and ownership of many aspects of the energy value chain will help us scale and advance our mission.”

“Our goal is to become a major provider of renewable and low-carbon energy, and this acquisition moves us a step closer to achieving that,” said Elisabeth Brinton, Executive Vice President of Renewables & Energy Solutions at Shell. “This deal instantly expands our business-to-consumer power offerings in key regions in the U.S., and we are well-positioned to build on Inspire’s advanced digital capabilities to allow more households to benefit from renewable and low-carbon energy.”

Inspire will operate under its existing brand within Shell’s Renewables & Energy Solutions integrated power business. The Inspire leadership team and existing employee base will remain in place.

 The deal is expected to be completed by Q4 of 2021, subject to regulatory approvals and the satisfaction of closing conditions.

Don’t wait to switch to solar, do it today http://reduceandsaveenergy.com/switch

source: http://feedproxy.google.com/~r/RenewableEnergyNewsRssFeed/~3/ozOWPgWRLrk/

Inspire, a company that purchases renewable energy credits (RECS) and retires them on behalf of its customers, announced it has signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC. As part of Shell, Inspire intends to rapidly scale its offering of access to sustainable energy to U.S. households.

According to its website, Inspire is licensed to do business in several deregulated states and DC. It recruits customers and sells them clean energy for a fixed price.

 “We look forward to joining Shell’s talented team to achieve our energy transition goals together,” said Patrick Maloney, Founder & CEO of Inspire. “We share the belief that renewable energy should be accessible to everyone and Shell’s resources, reach and ownership of many aspects of the energy value chain will help us scale and advance our mission.”

“Our goal is to become a major provider of renewable and low-carbon energy, and this acquisition moves us a step closer to achieving that,” said Elisabeth Brinton, Executive Vice President of Renewables & Energy Solutions at Shell. “This deal instantly expands our business-to-consumer power offerings in key regions in the U.S., and we are well-positioned to build on Inspire’s advanced digital capabilities to allow more households to benefit from renewable and low-carbon energy.”

Inspire will operate under its existing brand within Shell’s Renewables & Energy Solutions integrated power business. The Inspire leadership team and existing employee base will remain in place.

 The deal is expected to be completed by Q4 of 2021, subject to regulatory approvals and the satisfaction of closing conditions.

See how you can save with #Solar Energy http://ow.ly/Xnkg302gEfq