Consultancy cites project delays and financial fallout as it cuts its pre-pandemic 2020 global solar installation forecast by 18% from 129.5GW to 106.4GW.
ROTH Capital and Wood Mackenzie analysts have updated their outlooks on COVID-19's potential impacts on the US residential and utility-scale solar markets, respectively.
Segment has achieved 'remarkable' diversity in the US as it reached commercial scale and is set to grow 14-fold to 7.3GW by 2025, according to new WoodMac report.
Solar to continue rapid rise over this decade but lack of foresight with grid planning could mix with ultra-low prices and waste management troubles to set obstacles in the short and long term.
WoodMac analysis says solar costs will continue to fall in the year ahead, with AI, 5G and the IoT-infused manufacturing set to make solar products cheaper and curb the labour cost advantage currently enjoyed by Asian firms.
The Beijing-backed development bank wants a slice of renewables action in one of the world's fastest-growing PV markets and will be offering sub-loans to private players via the Development and Investment Bank of Turkey.
Incentive programme will see country become Southeast Asia's top solar installer by year-end but battling congestion will require more investment, says consultancy.
Total inverter replacement requirements could grow to account for 3.4% of the global inverter market heading into 2020, according to market research firm.
Maturation of solar asset class into subsidy-free venture in some markets could see industry become better fit with utilities comfortable with power price swings, firm says.
Mix of economics and geopolitics will take global capacity past 21GW as roll-out booms across US, Middle East, Australia, Europe but testing and data must improve, firm says.
