Jan 11, 2019

GlobalData: APAC will lead global solar PV market volume through 2022

Solar
Renewable Energy
Sustainability
Andrew Woods
1 min
Solar market to be driven by APAC
Despite a drop in its share, the Asia-Pacific (APAC) region, with its large population base and strong requirement for electricity...

Despite a drop in its share, the Asia-Pacific (APAC) region, with its large population base and strong requirement for electricity generation capacity, will continue to influence the global solar PV module market over the forecast period 2018-2022, according to GlobalData, a leading data and analytics company.    

The company’s latest report, ‘Solar PV Module, Update 2018’, reveals that market saturation, reduction in subsidies and declining costs of technologies are the major factors impacting the global solar PV module market. It states that the global market volume is estimated to decline at a negative compound annual growth rate (CAGR) of 2.8% from 87.5 gigawatt (GW) in 2018 to 78.13GW in 2022. 

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The large markets of China, India, Japan and the US are likely to decline, due to changes in their energy markets. In 2017, APAC constituted 73.6% of the market value due to the significant movements in the Chinese market.

Nirushan Rajasekaram, Power Analyst at GlobalData, comments: “The declining prices of PV modules and other auxiliary technologies such as inverters has translated into lower project costs; benefitting project developers and enabling proliferation within price sensitive markets. The declining price trend will be critical in driving the global market value down to $23.7bn in 2022.”

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May 13, 2021

All but two UK regions failing on school energy efficiency

schools
energyefficiency
Renewables
Dominic Ellis
2 min
Yorkshire & the Humber and the North East are the only UK regions where schools have collectively reduced how much they spend on energy per pupil

Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.

Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.

According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.

Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.

“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."

He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."

North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).

The Department for Education has issued 13 tips for reducing energy and water use in schools.

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