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Fitch Solutions Macro Research

JinkoSolar supplies 950 MW to X-Elio for PV projects in Spain, Mexico

The Chinese solar manufacturer has delivered its ultra-high efficiency Cheetah 72 modules for 575 MW of capacity that X-Elio is developing in multiple locations across Spain, in addition to roughly 375 MW for two projects in the Mexican cities of Veracruz and Navojoa.

Spain and Brazil the world’s ‘solar investment hotspots’ but eyes on Vietnam

Analysts at Fitch Solutions have published a report singling out Spain and Brazil as ‘outperformers’ in the global solar market and labelled Vietnam the “market to watch”. The analysts expect surging growth from the Southeast Asian nation to continue in the coming decade.

The Chinese solar market is changing shape

Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.

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Solar sector to add 552 GW by 2027 led by China

The leading trio – China, the United States and India – will comprise 70% of the projected 552 GW of solar capacity, which will be added between end-2017 and 2027, finds Fitch Solutions, which has revised down its original forecast for solar capacity growth in China. The curbed growth in China, due to subsidy cuts and restricted access to the United States and India, is expected to squeeze domestic solar equipment manufacturers, but also lead to access to cheaper solar panels in other smaller markets.

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EVs could become key to renewables uptake and world’s largest source of battery storage

For renewables to claim a more sizable share of the global energy mix, the adoption of energy storage would need to pick up pace and the rapidly increasing size of the EV fleet will offer a scalable way to ramp up such access, says Fitch Solutions.

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