Despite the rollercoaster of emotions experienced throughout the year, the final quarter of 2018 wrapped up on a relatively positive note, with the scrapping of Spain’s sun tax, and ambitious goals either announced or reaffirmed. Read on to discover what happened in the months of October to December.
The biggest crash in the U.S. stock market in the last 10 years has hit solar stocks, but for the solar coaster this is nothing new.
China continued to take center stage in Q3 2018; however the focus shifted from its now notorious policy change. In both positive and negative news, Europe announced the end of the MIP, at almost the same time as the United States slapped tariffs on Chinese imports of inverters, AC modules and non-lithium batteries. Yin yang. Ping pong.
The European solar industry is on its knees, but the EU appears willing to set a course for reconstruction. With SolarPower Europe and the European Solar Manufacturing Council, there are now two associations that are actively advancing a course for strong solar industrial policy among the EU bureaucrats in Brussels. The goals, however, are somewhat different.
While China’s PV policy announcement dominated the headlines in Q2 2018, there were a lot of other significant happenings in the world of solar, not least the EU’s 32% renewable energy targets, rumors of U.S. tariffs on inverters, PV records in Germany, and unexpected new partnerships. Read on to discover the highlights from April to June.
Dire warnings about the state of our planet characterized 2018, with a plethora of reports released calling for climate action. The solar PV, and storage, industries have a leading role to play in the required energy transition: this bold quest was taken on by many over the last year, with technological progress and expansion seen upstream and downstream, and in policy, globally. Like last year, China took all by surprise, this time, however, in the form of its abrupt 31/5 policy change, the effects of which are still being felt in almost every corner of every market. And of course, Tesla grabbed the headlines – also for rather more unsavory reasons than in 2017. In this first out of a total of four posts pv magazine reflects on Q1.
According to a new report from Rocky Mountain Institute, corporations have signed contracts for 2.8 GW of solar in the United States this year, a gigawatt more than the deals signed in all previous years combined.
Although the investment bank says large manufacturers will suffer from continuing panel price falls, developers will be able to take advantage and experts predict a resurgence in the global market next year.
More than a dozen European ministers of economic affairs have released a statement setting out the next steps to turn Europe into an industrial hub for large-scale cell production. The role of SMEs and competition was highlighted as ministers said European cells should provide innovation in terms of raw material use and sustainability, hinting at a pivot away from lithium-ion.
More predictions from IHS Markit reveal that 123 GW of solar PV installations are expected in 2019 – up 18% on the capacity additions expected this year. It also sees a market shift away from China, with two thirds of capacity located elsewhere. The overcapacity situation is also expected to ease.
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