Research firm projects 124GW of solar will be installed in Europe through 2024

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:Europe’s solar market is undergoing a resurgence. More than 10 gigawatts were installed in 2018 for the first time in five years, and the market should break through the 20-gigawatt barrier by 2021, according to Wood Mackenzie’s latest research.Countries are rushing to meet their 2020 climate-energy obligations, while targets for 2030 are currently under review. During this time frame, European power markets will see deep levels of decarbonization, with solar PV playing a key role. Several countries have ambitious goals for solar: the Italian government is targeting 50 gigawatts by 2030, and France has a 20-gigawatt target for 2023.Auctions for utility-scale projects and feed-in tariffs (FITs) for distributed generation (DG) solar remain the two primary drivers of solar installations in Europe. In France and Germany particularly, auctions will deliver large volumes of capacity — between them almost 19 gigawatts is due to be procured between 2019 and 2024. Italy is also poised to launch joint onshore wind-solar auctions in 2019, though final European Commission signoff of the associated legislation is still required.Outside of auction programs, subsidy-free deployment in Europe continues to gather pace. Spain has a pipeline of almost 10 gigawatts of subsidy-free projects under development, on top of the 3.9 gigawatts of projects awarded during 2017’s auctions which should be delivered in 2019. Most developers are looking for corporate or utility PPAs, while some are going down the merchant route. Other subsidy-free projects are under development in the U.K., Italy, Portugal, Germany and Denmark.In 2019, Wood Mackenzie estimates that on average, all-in costs for a utility-scale system will be less than $1.00/Wdc with an average all-in cost of $0.87/Wdc in all major European markets. We forecast 16.9 gigawatts of PV will be installed across Europe in 2019 and a total of 124 gigawatts installed across the continent over the next five years.More: Europe’s solar renaissance is on the horizon Research firm projects 124GW of solar will be installed in Europe through 2024last_img read more

Joint venture Apsley pensions off £34m offices

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Kill Devil Hills Beach Nourishment Complete

first_imgCrews from the Great Lakes Dredge and Dock Company have completed work in the Town of Kill Devil Hills, according to the town’s latest update.The town reported that at 6:30 p.m. on Thursday, July 27, 2017 the Liberty Island dredge and Great Lakes Dredge and Dock pumped the last load of sand onto Kill Devil Hills’ beaches.The process of equipment demobilization is now underway in the S Street area and will continue until all equipment and piping is removed for transport to Kitty Hawk, the report said.Once pumping operations begin in Kitty Hawk they will be moving south for approximately 800 feet. The crews will then be moving under the Kitty Hawk pier and beginning to pump north into Southern Shores.In Buxton, crews with the Weeks Marine continued to work their way south towards the village of Buxton. Despite last week’s bad weather, the company decided to keep the dredge on site so that pumping can resume soon after sea conditions subside early this week.last_img read more