The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Solar Wins Over Investors, Strong Policy Still Elusive

The global solar market is “entering a new technology generation and a new market generation” according to Michael Geyer, business development boss at Spain’s Abengoa Solar.

Geyer was speaking at a panel discussion on the opening day of the World Future Energy Forum in Abu Dhabi this week, where he said that both PV and CSP solar could look forward to a bright future — not least because more investors had faith in the sector.

“The money is out there,” he said. “We have gained the confidence of investors and lenders — they are confident in the technology.”

Andreas Heidelberg, head of technology at Masdar PV, said the reaching of grid parity in a number of regions in 2013 was a defining moment for solar, but he added that the market was still being hindered by uncertainty from policymakers.

“There is no stability in policies and this leading to oversupply and a strong decline in prices. For 2014, I see that overcapacity will still persist but we are getting to a price level where it won’t decline — the market will stabilise.”

Matt Campbell, senior director at SunPower Corp in the U.S., agreed that the reaching of grid parity “was a milestone in 2013” and he predicted that 2014 would see “a lot of new countries responding to the changes in solar PV.”

Sam Sakir, chief executive of Areva Solar in France, agreed with Heidelberg that what was needed to keep momentum in the market was a shift in policymaking. 

“Policy in various regions needs to be forward thinking. With policy comes investment and from there you have the cut and paste effect: what is successful for one project is transferred to another.”

At another debate on solar later that day, the focus of geographical attention was on the Middle East, where, according to Tarek El Sayed, vice-president of Lebanon’s Booz & Co, “solar is not theory anyone — projects are there and momentum is building.”

Delegates heard that the UAE dominates the MENA region for solar, with 140 MW currently operational from 58 projects, including the region’s 100-MW solar poster child, Shams 1, which went operational last year.

Lead image: Solar panels via Shutterstock

Untitled Document

RELATED ARTICLES

There is no current content available.
Kelvin Ross is Deputy Editor of Power Engineering International magazine and its associated publications – Middle East Energy and the Global Power Review. Previously, Kelvin was News Editor at UK online news site Energy Live News, Production Edito...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

5th Annual Hydro Plant Maintenance

Join maintenance professionals to discuss the challenges in maintenance ...

Presenting at Infocast's Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

Utility Scale Solar Summit 2015

Oct. 21, 2015 4:30-5:15pm Albie Fong, National Director, Solar Frontier ...

COMPANY BLOGS

Compression: That’s What It's All About

With Intersolar already 2 weeks behind us (how did that happen...

Behind Every Good Decision

When something about your business isn’t working, you set out to c...

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS