According to the latest market forecast published by Wood Mackenzie, it seems that global PV installation figures will rise to 125 GW per year from 2020. Continued global capacity expansion will come in through a growing gigawatts-club.
Scottish consultancy Wood Mackenzie has raised its 2019 forecast with Florida and Texas starting to deliver on their potential as the U.S. solar market returns to growth.
While market experts suggest solid-state battery technology will not play a significant role in the storage industry until 2025, one company may be leading the race. Blue Solutions, electrical energy storage award winner at The smarter E Europe in Munich, Germany, says it has developed the only commercialized solid-state lithium battery. pv magazine caught up with the company around the European trade show to discuss its award-winning technology and unique position in the market.
Definitive data from analyst Wood Mackenzie and the Solar Energy Industries Association show tariffs taking a bite out of the U.S. market, but also a near-record number of new projects under contract.
As RP Global starts work on 11 solar hybrid mini-grids on Lake Victoria that will supply electricity to 160,000 people, analyst Wood Mackenzie has released a report stating how increased capital flows in the sector may still fall short of securing universal electricity access by 2030. Nonetheless, off-grid solar is the cheapest and most viable solution for remote areas and attracts investment from fossil fuel majors and venture capital funds.
Analysts have welcomed the measures ushered in by Beijing to encourage the development of PV projects without central subsidies, but with the obstacles the policy aims to address having dogged Chinese solar for years, more detail is required.