Trends in 2020 for solar energy storage

Posted on 13 Jan 2020

A review article at www.pv-magazine.com lists global trends for 2020 on solar power generation and construction of installations for its storage, to accommodate peaks in real time.

Tax benefit

In the United States and Australia, plans are underway to build solar storage systems. This energy storage must provide extra electricity during peak use. That is why Congress in the United States will soon consider a bill for an Investment Tax Credit, a tax benefit for companies that want to invest in storage systems for, among other things, solar energy. The adoption of that bill could accelerate investment in such systems. Australia, on the other hand, is faced with the strategic and financial choice to either thoroughly renovate their existing power stations and power grid, or to invest more in the storage of solar energy. In India, a public tender for a new solar park states that “half of the energy generated must be able to be stored”.

Planned tenders for new solar parks

The solar panels market is a very competitive market, which suffers from small margins and the lower subsidies in China, which is a large sales market. Nevertheless, the prospects are good, because India will be issuing tenders for 17 gigawatts of solar energy in 2020. France and Germany also have plans for 1.5 and 4 gigawatts respectively. Australia, on the other hand, is aiming for 2.5 gigawatts, less than the four originally planned. And finally, the EU plans to further encourage China to accelerate the transition from coal-fired power plants to renewable energy.

Read more: PV Magazine

 

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