“solar Energy Deployment And Potential In European Countries” – An aerial view of the northern border state of Sonora shows state electric utility CFE building the largest solar plant in all of Latin America in Puerto Peñasco, Sonora state, Mexico on February 2, 2023. /Raquel Cunha/Pool
LITTLETON, Colorado, March 2 (Reuters) – Countries in Latin America and the Caribbean have the largest solar energy development pipeline outside of East Asia and North America, making it a key renewable area for the group to watch in the coming decades.
“solar Energy Deployment And Potential In European Countries”
The region has more than four times the solar capacity being built in Europe as a whole and seven times more than India, the world’s third-largest producer of solar power, as of January 2023, according to data from the Global Energy Monitor (GEM).
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Solar power currently accounts for only 3%-4% of the electricity produced in Latin America and the Caribbean (LAC), according to Ember data.
But with around 250 projects building 19,429 megawatts (MW) of solar power, the region’s solar power supply capacity is set to jump by at least 70% from current levels, when projects are completed, GEM data shows.
An additional 97, 119MW of capacity has been announced or is in the pre-construction stage, which is more than what is placed in the same categories in North America, according to GEM.
Alongside planned wind power expansions, the overall increase in solar output looks set to significantly increase clean energy availability in LAC and help reduce emissions from a power sector that has grown by more than 25% since 2010. .
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The main drivers behind the solar push are the region’s largest economic and industrial heavyweights, Brazil, Mexico, Colombia, Chile and Peru.
Collectively, those five countries account for more than 88% of currently installed solar capacity and 97% of planned capacity additions are under construction.
According to Ember, these same countries account for 65% of energy sector emissions of carbon dioxide (CO2) and have increased total emissions by about 36% since 2010, compared to LAC’s 25% mass increase. group as a whole.
This means that any incentives to clean up energy supplies in the five largest LAC economies will contribute to global efforts to cut collective pollution from the entire region and curb global carbon 2 emissions before 2050.
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Major regional economies such as Brazil and Mexico have a large trendsetting position among neighboring countries, meaning that any success stories in terms of clean energy policy changes trigger copycat behavior within the sphere of influence.
Brazil recently negotiated a bond framework for sustainability with Mexico, Colombia and Chile, and Brazil’s new president, Luiz Inacio Lula da Silva, campaigned last year on a promise to steer Brazil toward lower emissions.
Mexico has announced that it will double its renewable energy capacity by 2030 and cut greenhouse gas emissions by 30% below business-as-usual levels by 2030.
That suggests both countries want to take leadership positions among their peers in clean energy efforts and pursue renewable energy initiatives.
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Mexico, a major auto manufacturing hub, is targeting 50 percent of its auto sales to come from exports by 2030.
Together, those goals define the need for clean energy, and support the fast-tracking of advanced solar generation beyond the concept of projects just announced.
According to a World Bank-funded study by Solargis, several countries in Latin America and the Caribbean are at the top of the scale in terms of solar photovoltaic economic potential or expected utility-scale solar farm prices.
The study ranks countries based on the cost of electricity – the lifetime costs of building and operating a solar plant, divided by the amount of electricity produced over its lifetime.
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Measured in US dollars per kilowatt hour (USD/kWh), Brazil, Latin America’s top solar player, has an average economic efficiency of $0.12/kWh per installed capacity, while Chile’s is $0.07/kWH.
This compares to $0.07/kWh for China, $0.10/kWh for the United States, and $0.07/kWH for India, the top three global solar producers.
Mexico, Peru, and Colombia have similar average economic potential scores and each country’s theoretical solar potential score is higher than China and the United States, which measures the amount of solar radiation available.
That means much of Latin America and the Caribbean has attractive sunshine and competitive payback periods for large-scale solar projects, and that means the region should continue to grow as a global solar hotbed.
Jtc Leads Solar Deployment Across Singapore’s Industrial Estates Towards Achieving Potential Solar Capacity Of 1,250mwp
The opinions expressed are those of the author. They do not reflect news views, and are committed to the principles of honesty, integrity, independence and non-discrimination.’s SolarRoof and SolarLand programs will be applied to all buildings and vacant lots to achieve 350MWp by 2030. ; A program for privately leased industrial properties to achieve 900MWp of additional solar capacity
It is expanding its solar deployment program to optimize the full solar potential of Singapore’s industrial buildings and land. When fully completed by 2030, solar expansion across all buildings, open industrial land and offshore will increase solar capacity from the current 135.6MWp to about 350MWp. States and outreach efforts will be strengthened to push in collaboration with industry experts to increase the current 225.4MWp to 900MWp by 2030. Floating solar photovoltaic panel systems near Jurong Island could generate 1,250 MWp, contributing 60 percent of Singapore’s total solar deployment target of at least 2 GWp by 2030.
Around 400 companies in industrial estates have installed solar panels on their roofs, generating 225.4MWp of solar power. To facilitate the full solar potential of Singapore’s industrial buildings, it has extended the SolarRoof program to tenants of privately leased industrial properties to make solar adoption easy, accessible and with zero capital cost. Companies can enjoy lower electricity costs from the energy generated from their rooftops or reap financial benefits by leasing their rooftops for solar deployment. As of July 2022, the minimum solar contract term for rooftop solar has been reduced from 15 years to about eight years. This amendment allows companies with short leases to benefit from the program.
Sim Siang Chon Hardware recently tapped into the SolarRoof program at its headquarters in Changi South. “The solar roof program allowed us to deploy solar panels at the facility without any installation costs. The entire process was quick and easy, with minimal disruption to our showroom and warehouse operations. Since we started in March 2023, we have reduced our electricity bill by 50 percent, offset by the solar energy generated from our building.” “This initiative to use solar energy will contribute positively to our company’s corporate social responsibility objectives,” said Diana Seah, Financial Controller of Sim Siang Chon Hardware.
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Efforts continue to deploy continuous solar power across all states and vacant lands. In the year Since the launch of the solar deployment program in 2017, more than 60 buildings and 70 hectares of temporary vacant land have been awarded for solar deployment to achieve a total solar capacity of 135.6MWp.
The Solar Rooftop Program has been expanded to include ground level factories and ground level workshops with a minimum roof area of 800 square meters. With this upgrade, solar panels will be installed at ground level factories in Seletar, Loyang and Changi Industrial Estate, as well as terraced workshops at Pandan Loop Industrial Estate by the end of 2023.
Under the Solarland programme, it has made progress in deploying solar on temporary vacant industrial land. Solarland at Changi Business Park is the largest ground-mounted solar farm in Singapore with over 35,500 solar panels installed by November 2021. It will generate electricity for the national grid over the next 20 years, equivalent to powering approximately 5,300 HDB 4-room flats. It has launched tenders in December 2022 to increase Jurong Island’s solar power capacity from 12.3MWp to 103.2MWp, making it Singapore’s largest solar power distribution industrial estate. The auction closes on 31 May 2023.
In order to achieve Singapore’s solar energy potential of at least 2 GWp by 2030, it will continue to explore ways to convert existing sites to renewable energy generation. Chief Sustainability Officer Tan Chee Kiat said, “Since 2017, we have grown our solar program significantly. In addition to the buildings themselves, we are working with our industry experts to unlock 900MWp of solar power from privately leased sites. Industry consultation was critical to helping us streamline the solar adoption process to more industry professionals. While solar deployment is relatively limited today, we see many companies appreciating the benefits.
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