BMI: Expect Subdued Global Solar PV Growth Till 2032
Macroeconomic Changes To Slow Down Installations; Chinese Module Oversupply To Risk Global Supply Chain Diversification
Sunday, 11 Feb 2024
Easing of energy prices, emerging grid infrastructure limitations and waning of various government incentives is likely to slow down the installation of solar PV capacity post- 2024, according to BMI’s latest outlook for global solar PV growth.
Expect Exponential Growth Of Solar In Europe In 2024
Germany To Lead Region’s 50 TWh Solar Power Generation Growth, Says Rystad Energy
Tuesday, 06 Feb 2024
The year 2024 is set to be a record year for solar power generation in Europe as Rystad Energy forecasts it to grow by about 50 TWh, led by Germany.
BMI Forecasts 270 GW Solar PV Installations In 2023
Global Non-Hydropower Renewables Capacity To Grow By 384 GW This Year With Over 70% Coming From Solar PV
Monday, 04 Dec 2023
BMI, a Fitch Solutions company, forecasts the world to install around 384 GW of non-hydropower renewables capacity in 2023 with solar PV accounting for more than 70% of the total that comes to around 270 GW.
Falling Solar Module Prices To Boost Indian Installations
CRISIL Pegs 16 GW New PV Capacity Addition In Fiscal Year 2023 As Investment Returns Improve
Wednesday, 22 Nov 2023
Indian credit ratings agency CRISIL Ratings believes India is likely to see 16 GW of new solar PV capacity addition in fiscal year 2023, its fastest annual to date.
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
Tuesday, 31 Jan 2023
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
Tuesday, 13 Dec 2022
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
Thursday, 08 Dec 2022
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
Tuesday, 16 Aug 2022
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
Monday, 16 May 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
Wednesday, 27 Apr 2022
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
Tuesday, 25 Jan 2022
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
Thursday, 06 Jan 2022
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
Thursday, 18 Nov 2021
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.
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