Markets

Sector coupling may be somewhat of a buzzword, but it also points to opportunities for PV beyond the power markets, which may quickly reach limitations during peak hours of irradiation. Combined energy, food and clean water production presents one such opportunity, with benefits for developers, utilities and communities.

IHS Markit is predicting the world will add 30% more solar capacity this year.

Standalone solar-powered refrigerators present a $20 billion opportunity in India for vaccine storage, milk chillers, households, micro enterprises, and cold storage for farm produce, according to a new report by Gogla.

The EV manufacturer with big solar ambitions has finally leveraged its expertise in power electronics technology and launched a solar inverter.

The rebranding to Saft Urja—from Amco Saft—reflects the battery manufacturer’s strategic approach to better leverage the Indian market. The company has also announced plans to increase its production capacity at Bangalore factory by 20%, enhance the workforce at its design office and launch new industrial battery products for India region.

Researchers in Norway have mapped all cropland areas that were abandoned between 1992 and 2015 and found that the vast majority is suitable for PV and bioenergy deployment. Around 30% is located in Asia, followed by the Americas, with a 28% share, and Africa, with a percentage of 22%. Europe and Oceania had shares of 20% and 5%, respectively.

A recent GOGLA report indicates an increasing trend towards hybrid power solutions that integrate DC solar with AC grid power, and appliances that integrate both AC and DC power. In particular, the sales of hybrid solar inverter UPS in India is growing at 25% annually, much faster than conventional inverters’ 10% annual market growth. 

The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.

The U.S. authorities are currently subjecting imported bifacial modules to a 20% penalty – the same tariff applied to almost all other crystalline silicon solar modules.

India’s state-owned electricity distribution companies (Discoms) are in dire financial straits, as they owe some $16 billion to generators, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Despite this, national PV auctions have been oversubscribed and are setting record low tariffs in the country, indicating strong interest from developers – if the Discom challenge can be overcome.