The rapid transition in the upstream manufacturing solar sector to significantly larger p-type and n-type monocrystalline wafers, cells and modules may be hailed as a new era for the industry in higher module performance and a leap in reducing PV power plants LCOE (Levelized Cost of Electricity) in a rapidly changing downstream market that becomes subsidy free, bidding orientated and targeting grid parity and beyond. But issues such as reliability lurk just below the surface.
The latest findings from PV-Tech’s unique bankability analysis – the PV ModuleTech Bankability Ratings report – have now been completed, forming the basis of the Q3’20 rankings for leading global module suppliers. This article discusses the main findings of the new report.
Visibility on the performance of almost all leading PV module suppliers to the end of the first quarter of 2020 (31 March 2020) is now known, providing a first glimpse of what impact the COVID-19 pandemic has had on the sector, as most countries started to impose varying degrees of lockdown impacting businesses and ongoing operations.
The PV industry continues to have frequent casualties in terms of PV module suppliers being able to carve out a long-term sustainable business model. This issue remains critical when suppliers are short-listed for large-scale solar sites, globally.
PV-Tech has just released the Q2’20 PV ModuleTech Bankability Ratings report, compiled by our in-house market research team, based on our proprietary methodology developed during 2019.
Finlay Colville is the Head of Research, PV-Tech & Solar Media Ltd. He joined Solar Media in June 2015 as head of the new Solar Intelligence activities. Until October 2014, he was vice president and head of solar at NPD Solarbuzz. Widely recognised as a leading authority on the solar PV industry, he has presented at almost every solar conference and event worldwide, and has authored hundreds of technical blogs and articles in the past few years. He holds a BSc in Physics and a PhD in nonlinear photonics.
The slowdown of the global economy in 2020 is ultimately going to impact the guidance and forecasting offered by all PV manufacturers during the first couple of months of the year, prior to the effects of COVID-19.
PV Tech is to hold the first ever conference, dedicated specifically to heterojunction (HJT) solar cell technology in manufacturing. The event will occur over two days, on 11-12 June 2020, in St. Petersburg in Russia.
The new Q1 2020 bankability analysis has now been completed by the PV-Tech market research team, ranking PV module suppliers within the PV ModuleTech Bankability Ratings. The listing reveals that LONGi Solar now commands AAA-Rated status, the highest grade achievable. A further seven module suppliers are in the AA and A bands and four suppliers fall into the B levels.
During the past few years, the migration from multi to mono, replacing Al-BSF p-type cells with rear passivation layers (PERC), and having the capability of bifacial light absorption, have been the very obvious technology shifts seen within the PV industry.
Capital expenditure (capex) for c-Si manufacturing (covering ingot/wafer and cell/module stages) is forecast at approx. US$9 billion in 2019, consistent with levels seen during 2017 and 2018.
The forthcoming PV CellTech 2020 event in Penang, Malaysia on 10-11 March 2020 is to feature a special session topic on thin-film solar PV, and review the prospects of this technology being the subject of another round of global investments.
Finlay Colville, head of market research at Solar Media, unveils significant growth in the UK’s utility-scale solar pipeline as the market looks set to return to gigawatt-level demand in 2020.
The latest release of PV-Tech’s unique PV ModuleTech Bankability Rankings report confirms the exclusive status today afforded to just four PV module suppliers (JinkoSolar, LONGi Solar, Canadian Solar and First Solar), in being the only companies to have AA-Rating module bankability status within the industry today.
The fifth PV CellTech event takes place in Penang, Malaysia on 10-11 March 2020, and will be happening at a time when PV is going through its most dramatic realignment yet, in terms of manufacturers dominating the cell supply landscape, and the technologies being deployed in mega mass-production.
Recently, during part of travels to Asia region, I took the opportunity to meet up with Q CELLS CTO Daniel Jeong, to discuss new developments at Q CELLS and also share some thoughts on the industry and manufacturing trends today.