Covid-19 weekly briefing: Merchant solar developers could seek shelter in return to subsidies and PPAs are being revisited, but at least the Irish are coping with lockdown measures
The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.
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.
US corporate clean energy procurement platform opens in Europe
LevelTen claims its online platform offers small companies the chance to band together to buy green energy and connects renewable energy producers and consumers in such an effective manner it has already driven $1 billion of green energy supply in its homeland.
Fitch predicts a decade of corporate renewable power procurement growth in the US
Growth in U.S. solar and wind generation capacity will average 7.9% and 3.9%, respectively, between 2022 and 2028 according to Fitch Solutions, who projects almost 120 GW of solar power to be deployed in that period. Corporate clean energy buyers are to be a large part of the trend, and to accelerate deployments during the period.
China holds key to corporate solar take-up but lags way behind Texas at present
The Lone Star State accounted for almost half of the activity witnessed in the world’s biggest corporate clean energy marketplace but analysts are excited about the prospect of Beijing mandating companies to purchase minimum levels of green electricity.
US corporate solar procurement knocks it out of the park in 2018
According to 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.
