Vietnam has now effectively overtaken Thailand as the largest solar market in Southeast Asia in terms of installed solar operational capacity, with more than 6,314 MW installed up to September 2020. Many hundreds of MWs of solar projects are also still under construction or development. However, its solar (and other renewable energy) M&A activity has developed very slowly to date. There are many reasons to expect that this is about to change, but before we examine them, let us review the main factors behind this sluggish tempo.

Focusing on the big picture is always challenging, particularly in light of the current all-consuming coronavirus pandemic. However, there are some key issues related to the U.K. solar sector, which will feature significantly on the domestic agenda in the months ahead.

The Vietnamese renewables industry has been flourishing lately. Taking the example of the solar sector, the installed capacity increased from barely 134 MW in 2018 up to 6,000 MW in 2020. Vietnam has definitely emerged as one of the most active countries in South-East Asia and with the merit of diversifying its energy mix. They added capacity not only in solar – utility scale, commercial & industrial (C&I) rooftop – but also onshore/nearshore wind, hydro and to some extent biomass energy projects. Vietnam has shown levels of dynamism which has attracted initial investor interest.

The pandemic and accidents at polysilicon labs in China’s Xinjiang region put PV manufacturers under pressure to maintain production this year, while slowing cell and module R&D. After half-cut and multi-busbar becomes commonplace, manufacturers will continue to explore the high-density assembly methods that emerged last year, as well as n-type cells. But the market is also shifting to large formats, and the share of bifacial products is growing this year. As sizing up modules can bring immediate returns, PV InfoLink’s Amy Fang expects the PV industry to prioritize the development of large formats and bifacial products next year.

Since President Andrés Manuel López Obrador’s election at the end of 2018, renewable energy in Mexico has faced an uncertain regulatory environment. The current government is focused on restoring the power and influence of Mexico’s state-owned energy companies. But it is now at a crossroads, as the previous administration aimed to open the segment up to foreign investment. Maria Chea of IHS Markit examines the policy decisions the government has taken this year and how these have soured private investor sentiment. These changes will likely weigh on utility-scale PV procurement in the country through 2024.

Solarpower Europe has called on member states to put solar and battery storage front and center when it comes to drawing up the Recovery and Resilience plans needed to secure a slice of the bloc’s proposed €672.5 billion post-Covid stimulus package.

The parliament and EU member states will now mull the proposed budget for 2021-27 which includes a €750 billion Covid recovery package and a Strategic Investment Facility it is hoped will unlock €150 billion for renewables and energy storage to 2027.

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

Shares in the Norwegian renewables company have been trading below the $26 price linked to a recent $527 million fundraising issuance which the developer launched to fund its planned acquisition of hydropower business SN Power.

The 24-day, digital 2020 Africa Energy Forum kicked off on October 20. The event brings together African energy sector officials to identify opportunities, air their views, form partnerships, and take the necessary steps to improve the industry. For solar, challenges in policy making, procurement processes and the effects of the Covid-19 pandemic were discussed, as well as emerging trends such as solar digitalization.

As the U.S. economy continues to recover from its Covid-19-induced recession, it’s likely that Congress and the president will put together a multi-trillion dollar relief package, similar to the one that lifted the economy out of its doldrums following the 2008 economic crisis.

The new solar capacity added during the three months ending September includes 283 MW from large-scale installations and 155 MW rooftop.

Meanwhile, Chinese state-owned energy company State Power Investment Corporation (SPIC) has acquired a solar energy developer in Mexico and JA Solar has started construction on the second phase of its 20 GW ingot factory in Yunnan Province.

India added 399 MW of new rooftop solar capacity in the second quarter (July-Sept) of fiscal 2020-21. By comparison, just 188 MW was installed in the corresponding period last year.

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.

Australian design and manufacturing company PVDymanics has unveiled a solar canopy technology which can be used with both framed and frameless solar modules. The company believes its system can revolutionize the micro-grid market.

The latest PV installation in West Africa by France’s Akuo features an agricultural and social component on a 5-hectare plot of land next to the project site.

In Spain, Swiss pharmaceutical group Novartis has agreed to buy wind and solar power through six different PPAs. In Germany, Enerparc has secured a PPA from German railway operator Deutsche Bahn.

Iberlyzer will begin operations next year and will produce more than 200 MW of electrolyzers in 2023, with an initial investment of close to €100 million. In addition, the Spanish energy giant has signed an agreement with Norwegian company Nel to build and develop large electrolyzers in Spain.

The Australian rooftop PV market is expected to eclipse all previous records in 2020, but a new report has raised serious questions about the fire safety standards associated with small-scale solar installations.

Researchers in Australia have conducted extensive research on all possible causes behind the light-elevated temperature-induced degradation (LeTID) in solar panels and presented a few mitigation strategies put in place by manufacturers to reduce its effects.

Researchers at the University of Malaga say they have developed a panel for building-integrated photovoltaics that improves light absorption without losing efficiency and durability.

Through this new project, the Swedish CIGS turnkey equipment supplier aims to expand its presence in southern European PV markets.

The South Korean module manufacturer has developed two new products for large-scale floating PV plants. They have power outputs of 415 W and 420 W and efficiencies of 19.4% and 19.6%.

The French energy giant has acquired Charging Solutions, a recharging stations specialist, from German industrial group Viessmann. It has also won a tender by the municipal government of Paris to operate 2,300 EV charging points.

It is now a well-established trend. After the switch to larger wafer sizes played out in 2019, this year has seen virtually all of the biggest PV manufacturers introduce new modules in dimensions above the 2-meter mark, and with power ratings in excess of 500 W – in some cases, as high as 800 W. As these modules begin to roll off production lines in larger quantities, it’s vital to take a look at the challenges and opportunities they bring to system design, installation, and long-term operation.

The solar manufacturer’s impressive third-quarter gross margin is set to fall back in the current three-month window because global shortages have seen some material costs double since the world came out of Covid-19 shock.

The Chinese giant plans to further strengthen the supply chain for solar modules based on 210mm wafers by establishing joint ventures with its rival.

Australia’s ClearVue wants to push ahead with the development of its transparent solar glass technology. Construction is now beginning on a commercial-scale trial project.

The French National Commission of Public Debate validated, on November 3, the launch of a public consultation on the project initiated by the Norwegian group REC. The chosen location is Hambach, in the northeastern region of Moselle. The planned investment is €680 million.

The Indian Institute of Science (IISc) Bangalore has installed a 5.2 kW solar system linked to 150 Ah of lead-acid battery storage in a project supported by the Sunrise program led by Swansea University, in Wales.

Scientists in Qatar have developed a new model for setting up standalone EV recharging stations based on the hybridization of multiple renewable energy sources and different types of storage. The system includes power generation devices from CPV/T, wind, and biomass and is designed to fast-charge 80 electrical vehicles daily.

Nanotech Energy plans to release a non-flammable, environmentally friendly lithium battery that can charge “18 times faster than anything that is currently available on the market.” And it aims to do it within the next year.

Scientists in India have proposed a model to design an off-grid, hybrid energy system based on a combination of solar, wind, biomass, biogas and fuel cell, linked to storage, for electrifying a cluster of three village hamlets in the Indian state of Karnataka. The model is implemented through the HOMER software and a genetic algorithm.

Hong Kong-owned UK Power Networks is aiming to commission 250 MW of grid flexibility from energy storage assets with capacities as small as 10 kW, on contracts ranging in length from six months to seven years.