Markets

The Hi-MO 4 offers power ratings up to 430 watts, with module efficiencies as high as 19.2%, as the latest high-powered module to hit the floor at Intersolar Europe.

Electric vehicles could account for more than half of all passenger cars and buses sold throughout the world within the next two decades, according to a new report by BloombergNEF. Sliding lithium-ion battery costs will make EVs cheaper than vehicles based on internal combustion engines by the mid- to late-2020s, the research firm says.

A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.

The Spanish developer’s operating revenues reached €12.5 million in the first quarter of 2019, up roughly 35% from the preceding three-month period. EBITDA stood at €4.5 million, up 14% from the fourth quarter of 2018, suggesting that the company has been moving from strength to strength since listing its shares in December.

While China is resetting its policy framework, other regions are gaining more importance on the global PV market. The Intersolar Europe conference in Munich focused on Europe and the Middle East as growth drivers.

The U.S.-based company, which is now supplying solar trackers for more than 400 MW of contracted projects in the U.K., Spain and Greece, will bolster its sales presence in Europe, where it anticipates a “solar renaissance.”

Welcome to Day 1 of Intersolar Europe 2019! Follow pv magazine live to keep updated on the latest solar PV and storage developments, events and trends from this year’s event, as they happen. Today’s highlights include the launch of our new sustainability campaign, UP; the unveiling of the newest addition to the pv magazine family, pv magazine France; moderation of the launch of both Longi’s and JinkoSolar’s latest modules; and the Intersolar award finalists. Stay tuned!

Tests by U.S.-based PV Evolution Labs (PVEL) show that monocrystalline silicon and polycrystalline silicon PV modules produced by India’s Vikram Solar met and exceeded international quality and performance benchmarks.

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.

The European solar trade body expects 128 GW of new PV capacity in 2019, with China likely to bring around 43 GW online and Europe experiencing enough demand to deploy about 20.4 GW. In 2020, global solar demand is expected to reach 144 GW, while in the following three years new PV additions are forecast to total 158 GW, 169 GW and 180 GW, respectively.