Author: Adam Johnston

Global Solar PV Demand Grows For 10th Straight Year, 2017 Will Be Bigger

Firm growth from China will help boost overall global PV demand for the 10th consecutive year, according to a recent report from IHS. IHS Technology Senior Analyst Josefin Berg said Chinese feed-in tariff (FIT) cuts from last September have created higher-than-projected 4th quarter growth. Berg notes global capacity additions reaching 77 gigawatts (GW) in 2016 and 79 GW in 2017. The former is a projected 34% year-on-year growth rate in 2016, exceeding 2015’s 32% year-on-year growth rate.

In 2016 Insured Natural Disaster Losses Reached $50 Billion, From $175 Billion In Damage

Last year saw insurers pay out $50 billion in insured losses from natural disasters, according to The Guardian. The Kyushu Island earthquakes in Japan ranked as the two largest disasters. These two events saw insurers pay out $6 billion from $31 billion in total damages. Chinese flooding last summer near the Yangtze River caused $28 billion in losses, and was the largest weather-related disaster cost wise in 2016, said Jeff Masters of Weather Underground. However, only $300 million was insured from the third-largest non-US weather disaster in recorded history.

International Investor Group Pushes G20 Nations To Ratify Paris Climate Agreement Quickly To Improve Renewable…

G20 countries must ratify the Paris/COP21 climate agreement soon to ensure strong climate policy is guaranteed, and to attract more renewable energy investment, according to a consortium of international institutional investors. The Institutional Investors Group on Climate Change (IIGCC), a group of 130 institutions which support $13 trillion worth of investment, urged … [continued]

BYD Agrees To New Brazilian Solar PV Facility

Brazil’s recent solar growth is attracting another major player into its market. According to pv magazine, Chinese electric vehicle manufacturer BYD has agreed in principle with the labor office in Campinas, Brazil, for a new solar PV manufacturing plant. BYD plans on spending $45 million (150 million Brazilian Reals), for the … [continued]