The first post-pandemic update on the state of the world’s off-grid solar industry has painted a picture of domination by European companies, but highlighted the potential for new startups in West Africa and an increasing use of PV as a backup to unreliable grid supplies.
The African Development Bank has announced that European and US donors will provide $20 million of concessional loans to support pay-as-you-go solar companies in sub-Saharan Africa.
With China’s latest pandemic clampdown exacerbating existing costs for raw materials and shipping, big annual rises in solar cell and module shipments added up to a more than 91% fall in income from operations in just three months.
It should come as no surprise that clean energy spending is a big chunk of Warsaw’s four-year EU grant and loans package, given that the nation’s grid-connected solar capacity rose from 3.99 GW at the end of 2020 to 6.3 GW four months ago, according to the International Renewable Energy Agency.
A decade on from energy rationing, head of state Sheikh Hasina is poised to announce the achievement of an historic goal which has been made possible with the help of off-grid photovoltaics.
British analyst GlobalData has predicted residential and commercial rooftop panels will not return to a declining price trend until next year, with post-Covid logistics headaches the cause, rather than a polysilicon shortage.
One of the first items in the in-tray of the country’s new Socialist Party government must be to unblock Portugal’s seemingly huge appetite for PPA-backed merchant solar sites and to deliver the PV projects which were tendered by the authorities, to global acclaim, in 2019 and 2020.
Some 1.5 million bifacial panels make up the power plant in Ad-Dhahirah governorate which was constructed in just 13 months by ACWA Power, the Gulf Investment Corporation and Kuwaiti developer Alternative Energy Projects Co.
Advances in solar power and other clean energy technologies have failed to keep up with demand for electricity as economies rebound from the Covid crisis and China and India’s fossil fuel appetite will ensure the world stays well short of what is needed for a net zero 2050 for at least the next three years.
The European Union’s statistics body said three-quarters of the solar modules imported to the bloc last year came from China.
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