Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions, including India, for now.
Integrated power infrastructure offers an emerging investment opportunity in Asia as the region expands and adapts its energy mix to address sustainability and resilience goals. Narsingh Chaudhary and Mitesh Patel, of engineering, procurement and construction business Black & Veatch, tell pv magazine more.
The global installed capacity will grow from a modest 9 GW/17 GWh as of 2018 to 1,095 GW/2,850 GWh in the next two decades. Just 10 countries will account for almost 75% of the overall gigawatt market, with China, USA, India and Germany leading the pack.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
While the world’s biggest solar manufacturers are confident there are plenty of alternative markets for a rising volume of panel exports, the message spelled out by first-quarter shipment figures is that protectionism works.
Sharp has released three new high-efficiency mono-PERC solar panels. Ranging from 300 W to 370 W, the five-busbar modules are designed for use in a range of applications, from residential PV projects to large commercial installations.
The nation saw 1.3 GW of renewable energy secured for business through private PPAs in 2018, almost twice as much as the volume recorded in Australia, but the picture could change next year if China follows through with its renewable portfolio standard commitment.
The nation still managed to attract around $11.1 billion for renewable energy in 2018, to be the world’s fifth most attractive destination for funds, according to new figures compiled by BloombergNEF.
Taiwanese market research company EnergyTrend says the 5/31 policy change in China last year had a less dramatic effect on global demand than expected and, with the Modi government introducing solar-friendly policies, India – and Japan – will close the gap on the world leaders for installed PV capacity.
Despite political hurdles in key markets including China and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.