Markets & Policy

Market research group IHS forecasts a period of strong growth in the global PV module industry due to a new wave of capacity expansions, a relatively stable pricing environment and increasing demand from several established regional markets.

The PV manufacturer plans to design and build a fully integrated, modular solar power plant, achieving about 95% of the cooperative’s state-mandated 2025 renewable energy target.

The energy storage specialist and power management tech company will deliver a combined energy storage and management solution for the global avocado giant.

Summer in Spain is not totally gone and the Mediterranean sun continues to shine strongly, yet the country’s solar PV and solar thermal sectors are feeling anxious.

NRG cites the need for its clean energy business to be “nimble, lower cost, and cash sensitive”, and will limit it to US$125 million in funding. NRG’s GreenCo will be a separate business by the beginning of 2016.

Mercom Capital says that despite macroeconomic concerns in China, it expects a strong finish to 2015, with demand also remaining robust in Japan and the United States.

Boris Johnson speaks of his concern at proposals by the Conservative government to slash the FIT by up to 87%; comments win backing of green politicians and industry.

The Florida utility company is set to triple its existing solar capacity by the end of 2016 with three new large-scale installations in the state.

The cancelation of a major PV project in Asia has forced the German company to lower its earnings forecast. Nevertheless, Phoenix Solar’s free order backlog far exceeds 2014 levels.

Utility-scale grid connected battery storage is set to reach up to 12 GW by 2024, while annual revenues will grow to around US$8.44 billion. The U.S. will be a leader, followed by China, Japan and Germany. Despite an overall positive outlook, there are significant market challenges to overcome. These are the findings of a new report by Frost & Sullivan.