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Magazine Archive 2021

When quality meets quantity

As 2021 progresses, the signs of it being (yet another) banner year for PV deployment become clearer. An increasing number of market observers are tipping that solar deployment globally will pass the 150 GW mark for the first time. And energy storage is also ramping fast.

More in store

The battery energy storage system (BESS) market is expected to double year on year in 2021, exceeding a volume of 10 GW, according to IHS Markit (pp. 12-13). For many this would appear an outstanding performance and a sign that battery deployment is at an inflection point – with nothing but good times in store.

Each record-setting year

While much was supposedly “unprecedented” about 2020, some historians may beg to differ. As 2021 dawns, one thing has definitely never been seen before, and that is that solar, under the right circumstances, is very much the cheapest source of electricity on earth.

Network for decarbonization

As world leaders converge on Glasgow this month for COP26, a host of pledges, commitments, strategies and ambitions will be unveiled by participants. The plethora of measures can be confounding, as can the framing of decarbonization as an economic cost, to be borne by the economies, companies and workers of the world.

Invention, the mother of necessity

From want to need; it’s a marketer’s dream, but it’s precisely the transition that solar has undergone over the last 10-15 years. Previously, PV was an expensive product, cost effective only when the provision of electricity from fossil fuels was prohibitively high or in the domain of environmentalist diehards, committed to low carbon technology no matter the cost.

Green shoots of recovery

There is a sense of cautious optimism with signs of an end to the tumult and disruption that have been a feature of the last 12 months, and for those of us who live in the northern hemisphere, the first green shoots of spring.

Europe’s back in business

Spain, the Czech Republic, Italy, and then Germany: the PV markets of Europe were instrumental in delivering the demand required to build a solar industry of any scale and to set the industrial wheels in motion toward dramatic cost reductions. And today, as European markets set a course for substantial and sustained growth, solar modules cost just 5% of what they did some 12 years ago.

Expansion despite interruptions

A supply chain interrupted by a multitude of factors, a COP outcome that left much to be desired, and a global economy and business environment still struggling to shake off the ongoing impacts of the Covid-19 pandemic. They’re hardly the ingredients for a year of expansion, yet as 2021 draws to a close, solar appears to have racked up another record year for installations.

At a crossroads

The rapid growth currently underway in the U.S. solar market is impressive to behold. More than 40% year-on-year growth is nothing short of stellar. Looking at the market segments, the residential rooftop business appears to be becoming more streamlined and shedding some of the overheads that had maintained relatively high prices. Innovations are being adopted in the commercial and industrial rooftop solar sector (pp. 78-80). And at the utility scale, a mix of state-level policies like Renewable Portfolio Standards, an ongoing appetite for PPAs, and the continued support of the Investment Tax Credit (pp. 20-23) look to have provided fertile turf for solar developers.

Solar surges, storage up next

The forecasting of global PV installations is best done at a safe distance. The ability of PV to be installed quickly, and the spikes in installations before a certain subsidy program winds up, or when project completion is required under a tender, often results in a surge of deployment – sometimes far beyond the expectations of even the most courageous analyst.

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