Driven by declining module costs, solar was by far the world’s leading power-generating technology installed in 2019, making up 45% of new capacity, according to BloombergNEF.
Investment in new solar capacity fell in the first half of 2020 by 12% year-on-year to US$54.7 billion as the COVID-19 pandemic hit both project financing and scheduled auctions.
Liam Stoker and José Rojo detail the impacts of the COVID-19 pandemic on the global solar industry, analysing both how the sector has responded to and tackled the crisis, and how PV is preparing for a greener future.
This month’s episode of the Solar Media Podcast is now available to listen to, with discussion centring around record low solar prices and tumbling LCOE forecasts.
PV, onshore wind new-builds already the most competitive option for two-thirds of global population, BNEF review finds as lockdown dynamics unlock surge of cheap clean power.
With developers facing months of delivery delays for Chinese solar parts, India has said it will consider extending deadlines for PV projects scheduled to be switched on this summer, relieving developers from costly fines.
Renewable energy body MASEN launches tender to pick firms to deploy portfolio at nine preliminary locations country-wide, with the government set to pre-equip sites.
Flurry of deals in US southeast was among highlights as solar corporate procurement soared between 2018 (5.4GW) and 2019 (9.6GW), BloombergNEF analysts tell PV Tech.
BNEF: American ITC rush and Spain’s subsidy-free shift help bolster 2019’s declining global solar finance figures, setting the scene for a boom of merchant and PPA-based PV this year.
BNEF: Slide in China, Brazil and India drags global annual clean energy investment volumes from US$169bn to US$133bn, while coal power generation soars to new heights.
