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Solar PV to outshine other renewables in South Korea

January 19, 2023
Solar PV will be the most dominant non-hydropower renewable in added capacity, with 12GW, during the next ten years in South Korea.
An 200MW project in the Indian state of Gujarat. Image: Engie.

India on track to see long-term solar growth despite short-term headwinds

January 13, 2023
Despite the headwinds impacting module supply and solar deployment, India’s solar market is expected to emerge from a slow 2023 with significant growth and feel the benefit of the country’s protectionist domestic manufacturing policies.
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The rise of solar-plus

September 19, 2022
The proliferation of solar requires PV projects to adapt to their grid surroundings, which increasingly entails connecting alongside adjacent technologies, be it energy storage, other renewables or green hydrogen. Amid the growing threat of curtailment, Jules Scully looks at the rise of the ‘solar-plus’ market and the financial models underpinning it.
SOLEK signs deal with BlackRock’s Global Renewable Power Fund III (illustrative image)

World’s solar capacity to top 2TW by 2031, with China accounting for nearly half of all new additions

June 23, 2022
The world’s total solar capacity will reach 2,044GW by 2031, with China continuing to lead the way in deployment, making up nearly half (47%) of the world's 1,190GW net solar capacity additions through to 2031, according to research firm Fitch Solutions.
An 200MW project in the Indian state of Gujarat. Image: Engie.

India and Germany to be solar outperformers but miss install targets, Fitch says

June 16, 2022
India and Germany’s solar sectors are set to outperform in the coming years, but both markets will fall short of government PV deployment targets, according to Fitch Solutions.
Vietnams-Deputy-Prime-Minister-Le-Van-Thanh-credit-Govt-of-Vietnam

Vietnam slashes 2030 capacity target but makes more room for renewables under new power plan

April 27, 2022
Vietnam has cut its 2030 power capacity target by 35GW under its newly agreed upon draft Power Master Plan VIII (PMP8) but is making more room for renewables as it seeks to reduce its reliance on coal.
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Strong growth in Asia’s non-hydropower renewable sector will help meet rising power demands but coal still major player

April 12, 2022
Major capacity additions in Asia’s non-hydropower renewables sector will facilitate the region's ability to supply electricity amid rising power consumption needs, which look set to outpace all other regions as economies continue to expand after the easing of COVID-19 restrictions, according to a Fitch Solutions’ report.
Equis_Pollo_Philippines2

The Philippines set to massively increase solar capacity, project pipeline grows 10-fold in a year

April 7, 2022
The Philippines looks set to significantly ramp up its solar deployment, according to Fitch Solutions, which has revised up its forecasts for the country’s non-hydro renewables sector in line with a rapidly-expanding project pipeline and growing regulatory support.
Singapore’s 60MWp Tengeh floating PV plant was completed last month. Image: Sembcorp Industries.

Floating solar on the rise globally, significant synergies with pumped hydro storage set to emerge

March 31, 2022
Floating solar installations continue to grow globally, with Asia set to lead the way in the next decade, which presents significant opportunities for its combination with pumped hydro storage, according to a Fitch Solutions report.
An 200MW project in the Indian state of Gujarat. Image: Engie.
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More Indian solar projects at risk of being shelved, analyst warns

March 9, 2022
Concerns have been raised that some solar plants under development in India could be put on hold due to upcoming tariffs threatening their economic viability.

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