Latest PV market updates

Inverter shipments to reach 90 GW globally by 2020, says GTM

The latest GTM PV Inverter and MLPE Landscape 2016 report shows how central inverters are set to lose their market dominance over the coming years.

New report suggests that PV inverters and module level power electronics will grow by an average annual rate of 11% between now and 2020, with central inverters set to relinquish market dominance.


El Salvador begins auction process for 170 MW of renewables

The auction will be completed in December. The solicitation plans for a 100 MW block for solar PV and 70 MW for wind.


Saudi Arabia's first global tender seeks 100 MW of solar PV

Solar installation in Saudi Arabia.

The Kingdom is calling on international investors to back two 50 MW PV projects in an inaugural tender by the Saudi Electricity Co. Expressions of interest should be submitted by June 20.


SunPower, Sunverge collaborate on 4 MWh solar+storage project in New York

SunPower will lease its solar rooftop systems to 300 homeowners, while Sunverge's lithim-ion batteries will provide backup power. Con Edison will initially own the storage systems.

Virtual power plant plan will see 300 New York homes fitted with solar panels and battery to create system designed to feed stored energy to grid managed by utility, Con Edison.


IRENA forecasts 59% solar PV price reduction by 2025

Electricity generated by solar PV is likely to be 59% cheaper by 2025, according to an IRENA study.

New report from the International Renewable Energy Agency suggests that the average cost for electricity generated by solar PV could decrease by as much as 59% by 2025 compared to 2015 prices.


Zambia to be home to Africa's cheapest solar

Victoria Falls, Zambia

First Solar, Enel, and Neoen won tenders to develop large-scale solar PV plants in Zambia under the World Bank’s "Scaling Solar" program, with electricity to be sold for as little as 6.02 cents per KWh.


IBC Solar working on five projects in Turkey

IBC Solar construction site in Gaziantep, Turkey.

The German company, who has expanded its business outlook to emerging PV markets, is expanding its position within Turkey, by performing the EPC role on the large-scale projects.


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