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IHS Markit

China reaches a tipping point in 2021

This year will be a key period in the development of China’s solar PV market. It is the first year of the 14th five-year plan, the first calendar year after President Xi Jinping announced the 2030-60 carbon emissions commitment, and the first year for utility and commercial unsubsidized projects. IHS Markit expects the solar industry in China to reach another milestone with more than 60 GW of installations this year, advancing the ground for the energy transition and the displacement of traditional energy sources to fulfill the goal of a net carbon future over the next four decades to come.

Best countries for renewable energy investment

IHS Markit has released its latest Global Renewables Markets Attractiveness Rankings, based on measures related to investment confidence and ease of development.

Strong growth ahead for battery storage

Annual battery storage installations will exceed 10 GW/28 GWh in 2021, following a particularly strong year in 2020, despite the challenges created by the global pandemic, writes IHS Markit analyst Mike Longson. Combined solar and storage will be a core focus for new deployment in 2021, as the front-of-the-meter and behind-the-meter energy storage markets are both expected to grow significantly in the months ahead.

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Sponsored: A driving force in the European utility scale PV market

Sungrow has become a strong force in Europe’s PV inverter landscape. The company has already captured a 26% share of the continent’s utility scale PV market and a new line-up of products is catching the attention of project developers.

IHS Markit forecasts 181 GW of new PV capacity for this year

The U.K.-based analyst has raised its outlook for new PV additions in 2021 by around 23 GW. Due to strong demand, leading module manufacturers are sold out for the first half of the year.

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A banner year for US solar

Despite the supply and demand challenges that PV faced in 2020, the U.S. solar market had its largest installation year to date, writes IHS Markit’s Maria Chea. More than 22 GW of PV installations were completed last year, with utility-scale projects representing 77% of that volume. A renewables-friendly administration, an extended ITC schedule, increasingly competitive pricing, and a massive late-stage project pipeline will drive strong growth for the United States in 2021.

The weekend read: Bifacial drives PV encapsulant switch

Suppliers of encapsulant materials – plastic sheets that are heated to laminate together the components in PV module stacks – are rapidly expanding to keep pace with module manufacturing in Asia and other parts of the world. Ethylene-vinyl acetate (EVA) continues to dominate the market, but new developments in module technology are driving a slow shift to more costly polyolefins.

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Residential storage growth continues despite Covid-19 headwinds

The global residential energy storage market continued to grow in 2020, writes IHS Markit Analyst Michael Longson. Many suppliers were looking to build upon a strong first quarter when Covid-19 hit in March 2020 and slowed the market significantly. However, as a result of several funding packages being introduced and the gradual easing of local restrictions, shipments continued to grow throughout the second and third quarters, enabling strong year-on-year growth for the sector in 2020.

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Solar system prices to rise – then fall – in 2021, with another record year anticipated

IHS Markit is predicting the world will add 30% more solar capacity this year.

India’s solar sector in 2020

India’s PV industry has experienced an eventful year, with record lows in both new capacity additions and tariffs.

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