U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
Large solar parks awarded contracts under Germany’s tender scheme could lose funding if not brought online on time. The nation’s solar trade body believes the government should quadruple its annual PV deployment target despite an anticipated coronavirus-related hiatus in roll-out.
The utility will build the project this year on 164 hectares of land just outside of Berlin. It will be the largest solar park to be constructed outside of Germany’s incentive scheme for solar and renewables.
Many solar factories in China are starting to resume production, suggesting that concerns about supplies of PV components could soon begin to ease. Nevertheless, the temporary standstill will have an impact on the global solar market, as the implementation of some projects will probably be postponed until next year.
Rebates are being offered to homeowners and businesses willing to couple small solar systems with energy storage.
The three-meter prototype consists of nine panels based on an aluminum compound. The PV elements of the facade can be tilted to capture more sunlight.
The cumulative capacity of subsidized PV systems in Germany reached 49,425 MW at the end of January. Under the nation’s triggered FIT reduction regime the tariff – and income from electricity sold directly to off-takers – will fall 1.4% this month.
The developer of the material, US-based specialist Pellucere, says its innovation can raise PV energy yield 3.5-4.2%.
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