World

The weekend read: Your guide to market growth in 2020

Some 15 countries are likely to be able to lay claim to the status of being members of solar’s “gigawatt club” in 2019, according to conservative projections from BloombergNEF. Nonetheless, PV suppliers, developers and service providers are always on the lookout for new pockets of growth. To kick off 2020, pv magazine’s global team of correspondents and editors have highlighted 10 “fast-growing” solar markets to evaluate where the opportunities, and potential risks, lie.

Harmful lead in photovoltaics – are there sustainable alternatives?

Without globally unified standards in waste management, the risk from toxic materials such as lead will become increasingly important.

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‘Renewables must grow four times faster to ensure sustainable future’

The share of renewables in the global energy mix must more than double by 2030 for the world to advance the energy transition and achieve sustainable development goals, according to the International Renewable Energy Agency. Renewable electricity should supply 57% of global power by the end of the decade, up from 26% today.

BlackRock vows to exit coal as part of new climate-focused investment strategy

The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.

A new era of sustained growth

After several years of weak solar demand growth in Europe, compared to the historical highs of 2011, installations are expected to surge by 88% to reach a new installation record of 23 GW in 2019, writes Cormac Gilligan, research manager at IHS Markit. A range of favorable macro conditions have coalesced this year to reignite the market.

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Innovation shines at pv magazine awards ceremony in Abu Dhabi

The winners of the 2019 pv magazine awards have been recognized in a ceremony alongside the World Future Energy Summit. The victors spoke of the importance of innovation being recognized within the industry.

Solar industry snagged $27.8 billion in finance for company building, projects in 2019

Mercom Capital has released their annual report for 2019, describing the year as robust and showing company funding of $11.7 billion, up 20% over 2018, on top of announced project deals of $16.1 billion, up 14%.

The world will add 142 GW of new solar this year

IHS Markit has predicted another year of global solar growth but a peek behind the headline figures shows uncertainty dogging the markets of China and India, two of the most important markets and biggest polluters.

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Solar-plus-storage will start to make big inroads in the year ahead

By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.

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12 GW bifacial demand in 2020

Back in June, the Office of the U.S. Trade Representative (USTR) granted Section 201 tariff exemptions to bifacial cells and modules, but reversed the decision on Oct. 28. Two weeks after the reversal, the U.S. Court of International Trade issued a temporary order against the withdrawal of the bifacial exemption. An investigation is now underway, with the first hearing taking place on Dec. 5.

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