South Korea’s Non-Hydro RE To Account For 46 GW In 2032
Fitch Solutions Forecasts South Korea’s Installed Solar PV Capacity To Grow By 12 GW By 2032, Leading Non-Hydro Power Renewables’ Growth
Come 2032, South Korea is likely to report about 46 GW cumulatively installed non-hydro renewable energy capacity, growing from an estimated 25 GW at the end of 2022, led by solar PV installations that Fitch Solutions Country Risk & Industry Rese.
Capital Costs For Solar & Wind Projects To Remain High In 2023
Solar & Wind Projects To Experience Elevated Material Prices In 2023, Counter Balanced By Falling Operational Costs & Technology Efficiency: Fitch Solutions
Fitch Solutions Country Risk & Industry Research sees supply chain bottlenecks for solar starting to loosen in 2023 even as high capital costs for solar and wind energy projects as experienced in 2022 are likely to continue, though the impact wil.
TrendForce Expects Up To 40 GW Solar Demand In US In 2023
High Labor & Energy Costs To Prevent Locally Produced Modules Become Cost Competitive In US, Says TrendForce, Hence Import Ban On Xinjiang Needs Attention
The US is not likely to become a cost competitive producer of solar modules anytime soon as it faces relatively high labor and energy costs, says TrendForce that sees the country continuing to rely on foreign imports in the future even as a 2-year an.
Polysilicon Prices To Fall ‘Steeply’ By 2023-Start
Rethink Energy Expects Global Polysilicon ‘Overcapacity’ In Coming Decade
Analysts at UK based market intelligence firm Rethink Energy see global polysilicon production capacity to increase to 1,170,000 tons in H2/2022, reaching 1,595,000 in H1/2023, up from 880,000 tons today, leading to its prices declining ‘steeply’ from the beginning of 2023.
US Could End Up With 10.07 GW AC Solar In 2022
Rystad Energy Sees Department of Commerce Investigation Jeopardizing US Solar Installations In 2022
Analysts at Rystad Energy estimate 10.07 GW AC new solar capacity additions in the US in 2022, the lowest annual since 2019, as opposed to 27 GW AC it was expected to install this year, thanks to US Department of Commerce (DOC) probe into solar panel imports from Southeast Asian nations.
World’s Top 3 Largest Polysilicon Makers Are Chinese
Bernreuter Research Says High Time For West To Establish Non-Chinese Solar Supply Chains
The latest ranking of the world’s top 10 producers of polysilicon by Bernreuter Research sees 3 Chinese manufacturers—Tongwei, GCL Technology and Daqo New Energy—hogging the top spot while the sole European producer on the list, Wacker Chemie dropped down to the 4th spot.
Downside Risks To India’s Solar Ambitions
India’s Solar Power Capacity To Grow To 140 GW By 2031, Says Fitch Solutions
Fitch Solutions Country Risk & Industry Research estimates India’s solar power capacity to grow to 140 GW in 2031 by an annual average of 11% from 59 GW in 2022, but fears supply and demand mismatch if domestic PV manufacturing doesn’t deliver on quantity and quality.
World Installed 227 GW RE Globally In 2021
Rystad Energy Forecasts Global Renewable Energy Capacity In 2022 To Exceed 270 GW
Norway headquartered energy research firm Rystad Energy believes the world exited 2021 with 227 GW of renewable energy capacity installed during the year, growing 4.7% over 2020.
Expect 200+GW New Solar In 2022
IHS Markit Sees 20% Annual Growth In 2022 Solar Installations
Expect global solar PV installations in 2022 to grow to over 20% annually and exceed 200 GW DC milestone for the 1st time, despite 4% annual increase in PV system costs from 2020 to 2021, says market intelligence firm IHS Markit.
