UK Solar Installs Drops in Wake of ROC Amendments
According to the latest market research by NPD Solarbuzz, installations of solar PV in the UK have declined by 46% on a quarter by quarter basis in the immediate aftermath of the recent reforms to the Renewable Obligation Certificate (ROC) solar incentive scheme, which was enacted last April 2013. Commenting on the analysis, Finlay Colville, VP of NPD Solarbuzz , says that the second quarter slowdown was also affected by the availability of Chinese modules coming into Europe, prior to the European Commission ruling at the start of August.
Toshiba and Tepco Forms Power Distribution Venture
Toshiba Corp. and Tokyo Electric Power Co. will form a joint venture for power transmission and distribution systems for markets such as India, and South Asian and Latin American countries. Toshiba will take an 85.1 percent in the venture to be set up on today while Tokyo Electric will hold the remaining stake. The new company will integrate Toshiba’s power transformation and power grid solution technologies with Tokyo Electric’s know-how in grid planning, system design, operation and maintenance.
Malaysia and Indonesia to Support Palm Prices by More Biodiesel
Malaysia and Indonesia, the world’s top producers of palm oil, will spur biodiesel programs to increase consumption after prices dropped last month to the lowest level since October 2009. Indonesia will increase its biodiesel blend requirements to 10 percent from 7.5 percent to cut spending on imports while Malaysia gradually increases the blend of palm oil in biodiesel and in petroleum diesel to 10 percent from 5 percent to reduce stockpiles. Palm oil may average $729 a ton in the third quarter and around $742 in the fourth quarter as improving Chinese and U.S. economies support prices.
Transmission Link to Bring Malaysian Hydropower to Indonesia
A new 145 km transmission line will join West Kalinmantan in Indonesia with a hydropower plant in Sarawak, Malaysia. The project is expected to be completed by December next year. State-owned Indonesian electricity company Perusahaan Listrik Negara currently uses oil for power generation in West Kalimantan, which has pushed the cost up to $0.25/kWh. Under a power exchange agreement signed with the Hydropower plant in Malaysia, the cost of power in West Kalimantan could be cut to $0.18/kWh, while carbon dioxide emissions from fossil fuel-based generation could be cut by 400,000 tons a year by the end of the decade.