Solar market

Once a European leader in PV deployment, the solar market in Czechia has slumbered for the last decade. Now, with growing public support and financing in place, momentum is building and a gigawatt-scale pipeline is taking shape. However, fresh challenges loom, as Marija Maisch reports.

The Inflation Reduction Act (IRA) has opened a new door for US solar manufacturers, as one of the executives behind a US-Jordanian project to bring PV production to the US explains.

Following a disappointing COP27 climate change summit in November, solar industry veteran Philip Wolfe reviews the contribution utility-scale PV is starting to make to emissions reduction.

The US Inflation Reduction Act of 2022 sets aside $369 billion to decarbonize the economy and respond to climate change. pv magazine USA’s Anne Fischer and Ryan Kennedy report on the boost the landmark legislation is expected to provide to solar and battery deployment and manufacturing.

Utility-scale solar is stirring in the region, with support from development banks. Following a series of competitive auctions, PV projects have been commissioned and are under development in Uzbekistan and Kazakhstan. In the latter nation, corporate interest in distributed, small-scale renewables is growing but for further market uptake, additional incentives should be introduced, practitioners say.

Poland was the EU’s biggest solar jobs market last year, thanks to a national rooftop incentive program, but Germany’s push to repatriate solar manufacturing will help the bloc’s PV powerhouse back to the number one slot in three years’ time, according to SolarPower Europe.

Growatt has been on an upward trajectory, recording an over 60% revenue increase in 2021, despite the many challenges posed in the solar industry. Lisa Zhang, global marketing director tells pv magazine how the Chinese PV inverter manufacturer overcame semiconductor chip shortages and rising costs amidst a global pandemic in addition to discussing key markets and new inverter products.

The solar market is expected to grow in 2021, following a year of pandemic-driven supply chain disruptions, exacerbated by explosions at polysilicon plants. PV InfoLink estimates almost 154 GW of module demand in 2021, up by 10% on 2020. Analyst Amy Fang examines the key market trends for the first quarter.

In the first 2018 round for solar rebates, funds were allocated in just nine minutes. More than two thirds of the selected projects included a storage solution.

The Indian solar market is presently undergoing many challenges, including the GST effects, high module process and decelerating power demand. India’s utility sector is expected to stabilize at a much lower 5-6 GW growth rate per annum for the next two-three years, says Bridge to India.