China’s newly announced ambition to reach carbon neutrality by 2060 and peak carbon emissions before 2030 looks set to spur on investment in solar and battery storage technology, as the country diversifies its power mix away from coal.
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives.
Inverter failures and the prevalence of auction-based mechanisms for large-scale solar projects are placing pressure on solar operations and maintenance (O&M) prices, a new report from Wood Mackenzie has found.
SEIA, WoodMac point at robust utility-scale segment as they predict 33% year-on-year jump in PV additions, with residential still expected to take major hit from pandemic in 2020 and 2021.
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.
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.
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.
