Sungrow was the world’s biggest PV inverter company in 2021, shipping 47.1GW of products and expanding its production facilities in Asia, according to research firm IHS Markit.
Global solar PV installations are to growth 20% in 2022, surpassing the 200GWdc mark for the first time, despite high capex costs, according to a new report by the Clean Energy Technology service at IHS Markit
More than 180GW of solar will be deployed globally this year as the sector defies headwinds including higher module prices and supply chain constraints, IHS Markit has said.
Global capital investment on renewables is expected to return to pre-pandemic levels in 2021, with solar PV set to account for the majority of clean energy capacity additions in the next five years, according to IHS Markit Energy Advisory Service.
Annual global investments in green hydrogen are on track to exceed US$1 billion by 2023 as production costs fall and governments increase their support for the technology.
Production of green hydrogen using renewable power for electrolysis could be cost competitive with incumbent methods by 2030, analysis by research firm IHS Markit has concluded.
Market research firm IHS Markit believes the PV inverter replacement market will increase by around 40% in 2020, creating an 8.7GW need outside new global installations.
Market research firm, IHS Markit expects global solar installations to continue double-digit growth rates in 2020, forecasting new installs to hit 142GW, a 14% increase over 2019.
According to the latest ‘Solar EPC and O&M Provider Tracker’ report from IHS Markit, the EPC sector has yet to experience any effective market leaders or consolidation.
