NewEnergyNews: World Solar Goes On Growing

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    Friday, August 02, 2019

    World Solar Goes On Growing

    Global PV market: 114 GW to be installed in 2019, with continued growth onwards; 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.

    Marian Willuhn, July 25, 2019 (PV Magazine)

    “…The global PV market continues its soar along 2019…Year-on-year growth is up 17.5% from 2018…The analysts expect that the end of the year will have an additional 114.5 GW of newly installed capacity…[After the short 2018 dip, installations] will increase to 125 GW from the early 2020’s onwards. This is despite a slight cool-down of the Chinese market, which is believed to have peaked at 53 GW in 2017, on the back of generous feed-in tariffs. Looking ahead, the world largest solar market is likely to settle in at 30-40 GW of annual additions, against the backdrop of competitive procurement processes…China’s first auction saw a world record of 22.8 GW allocated…with an average price of RMB 0.3281 [$0.047]…

    This market deflation is compensated by the continued diversification of the PV market...[The seven 2018 markets with installations of 1 GW to 5 GW will be 19] by 2022…India is recovering from a slowdown in its auction activity…[In the United States, there is utility-scale growth despite] the president’s stance on climate change and renewable energy deployment…[Brazil’s June auctions] awarded the world’s lowest bids at just $16.95/MWh…[The upcoming 1.5 GW auction in Saudi Arabia is expected to generate around $1.51 billion in investments into the country’s energy market…” click here for more

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