Markets

pv magazine speaks with Matthew Watson, president of Precious Metals Commodity Management LLC, about silver demand and availability. He says the solar industry has managed to reduce silver consumption, but it may have to do more in the future.

An international research group has developed a new Aalborg inverter design for high-power applications in solar arrays. The device has fewer switches than conventional, voltage-source inverters and can reportedly improve PV system performance by reducing switching losses.

Component cost declines, local manufacturing and distributed energy are the three big trends for the renewable energy sector this year, according to S&P Global.

The Dutch heat pump market grew by 57% in 2022, with 70,000 heat pumps installed in new buildings and 40,000 in existing homes. The Dutch Heat Pump Association (DHPA) now wants to focus on investing in solar-thermal heat pumps and bringing the technology to low-income households.

Britain’s T-1 Capacity Auction for delivery in the 2023-24 period saw battery energy storage technology emerge as the third-biggest winner in terms of secured contracts, following gas and nuclear. Batteries accounted for more than a half of the new build capacity.

Michael DiRienzo, executive director of The Silver Institute, tells pv magazine that average silver prices will hover around $23 per ounce this year, without any anticipated supply disruptions for the solar industry.

Japan’s National Institute of Technology and Evaluation (NITE) says in a new report that snow has damaged 43 PV installations of different sizes over the past four years. It urges PV system owners to conduct regular site inspections, use surveillance cameras, and remove snow at early stages.

The European Commission has decided to refer three member states to the Court of Justice of the European Union (CJEU) for failing to turn the EU Renewable Energy Directive into national legislation. The commission is now requesting financial sanctions.

Tony Danker, head of the Confederation of British Industry, in January warned the UK is at risk of squandering the vast economic opportunities available to nations investing in the energy transition. Christophe Williams, CEO of solar thermal company Naked Energy agrees, and here spells out some of the urgent actions Rishi Sunak’s government must take to place solar thermal – and PV – at the heart of a green revolution.

TrendForce says solar demand could grow by more than 53.4% this year due to lower module prices and delayed projects from 2021 and 2022 that are now going online. China will be the largest market this year with 148.9 GW, followed by the United States with 40.5 GW, India with 17.2 GW, Brazil with 14.2 GW, Germany with 11.8 GW, Spain with 11.4 GW, and Japan with 8 GW.