Delays in French Hydropower May Cost Hundreds of Millions
Delaying the French hydropower contracts to competition will cost local governments hundreds of millions of euros in royalties, the state auditor said. Stalling the introduction of competitive bidding to operate dams is causing a growing shortfall in public finances, Cours des Comptes said. The accumulated loss through 2020 will be around 250 million euros if contracts are opened up in 2016. Tenders won’t happen before the end of 2016 even if President Hollande decides to go ahead this year, says the report. The annual potential sales of the dams are 3 billion euros and royalties of 520 million euros.
Wind Power Supply Chain in Trouble as Turbine Market Decrease
According to a new report from analysis firm MAKE Consulting, global demand for wind turbines is expected to slip by as much as 5 percent this year for the first time since 2004. The predicted market decline are due to several contributing factors but can largely be attributed to policy changes and ongoing policy uncertainty, the report said. In Spain and in the United States- the hardest-hit markets- there have already been significant layoffs and facility closures over the past year.
China’s Solar PV Advantages Can Be Matched, Says NREL and MIT
A new report co-produced by NREL and MIT suggests China’s current competitive Solar PV advantages can be replicated and can be matched. Scaling-up pops-out as one key factor. The report finds that Chinese factories, being several times larger than those in the U.S., enjoys extensive discounts on materials (often from domestic sources) thus translating into lower priced products. The report adds that multinational companies who can spread themselves globally and take advantage of regional benefits will be in the best position to replicate China’s formula. Another take-away from the report is that today’s low-cost advantages could be neutralized by future solar PV technology improvements.
CPV Pioneer Up for Sale
Industry media is reporting that SolFocus, one of the leading concentrating photovoltaic companies, has officially closed its doors. SolFocus announced in November 2012 that it was restructuring the business in hopes of finding a buyer. The company has not received any significant funding from federal tax credits, grants or other taxpayer funds. Nancy Hartsoch, Senior VP, says that investors decided on Friday that the amount of money they were willing to put into the company had dried up prompting the need to find debt on the outside.