Skip to content

IHS Markit

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.

4

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.

1

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.

1

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.

1

New PV installations to reach 158 GW next year, says IHS Markit

Market observer IHS Markit has shared its forecast installation figures for 2021, where they expect a ‘wild ride’ for the PV industry to install 158 GW of new generation capacity. This figure amounts to 34% growth on 2020 installations, driven by completion of delayed projects from this year, as well as a generally increased appetite for PV and renewables around the world.

3

Acquisition activity in Europe remains heated

The European solar market saw around 11 GW of projects, and pipelines change hands in 2019. The positive trend is expected to last, as investors remain optimistic about the future of the industry. Project acquisition activity is seen as a key indicator of financial health in many sectors, including the PV market. It reflects optimism among investors and points to a particularly high degree of liquidity, writes IHS Markit analyst Martina Assereto.

Reform meets opposition

Since President Andrés Manuel López Obrador’s election at the end of 2018, renewable energy in Mexico has faced an uncertain regulatory environment. The current government is focused on restoring the power and influence of Mexico’s state-owned energy companies. But it is now at a crossroads, as the previous administration aimed to open the segment up to foreign investment. Maria Chea of IHS Markit examines the policy decisions the government has taken this year and how these have soured private investor sentiment. These changes will likely weigh on utility-scale PV procurement in the country through 2024.

7

This website uses cookies to anonymously count visitor numbers. View our privacy policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close