Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00968 XINYI SOLAR
RTNominal up6.060 +0.070 (+1.169%)
Others

14/09/2018 18:01

Technology & declining costs power renewable energy demand

[ET Net News Agency, 14 September 2018] Renewable energy sources, notably solar and
wind, are reaching price and performance parity on and off the grid, finds a new Deloitte
Global report titled "Global Renewable Energy Trends".
According to the report, three key enablers - price and performance parity, grid
integration, and technology - allow solar and wind power to compete with conventional
sources on price, while matching their performance.
As technologies such as blockchain, artificial intelligence (AI), and 3-D printing
continue to advance the deployment of renewables, prices will likely continue to fall, and
accessibility will improve.
"Demand for renewable energy sources has grown tremendously in recent years," said
Marlene Motyka, Deloitte Global Renewable Energy leader. "Governments, communities,
emerging markets, and corporations increasingly understand that renewables are sustainable
and affordable, and they want them included in current and future procurement plans."
Already among the cheapest energy sources globally, solar and wind have not even run the
full course of their enabling trends yet. As costs continue to fall and accessibility
increases, the demand for renewables is growing rapidly.
"Wide-scale integration of renewable energy sources is no longer a question of if, but
when," added Motyka. "Countries such as China, the United States, and Germany have already
reached price parity for certain renewable sources. With prices continuing to drop,
developed countries and emerging markets alike have the ability to integrate renewables
into their grid systems to ensure competitive advantage."
Commenting on the China market, Sandy Lv, Deloitte China Energy and Resources Industry
consulting partner, said, "Innovation and technology have and will continue to push
China's renewable energy towards price cut and even grid parity with traditional sources.
There are challenges, such as inadequate transmission capability, oversupply and
prevailing global trade protectionism. That said, China's continued growth in use of
renewable energy is an irreversible trend given its commitment to combat climate change
and reach peak emissions by 2030 under the Paris Agreement." (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.