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.
‘Solar Module Super League’ (SMSL) member LONGi Solar, a subsidiary of LONGi Green Energy Technology, has achieved its highest ratings to date in the recently released Bloomberg New Energy Finance (BNEF) Solar Module & Inverter Bankability 2019, report.
Bloomberg New Energy Finance (BNEF) has forecasted global solar demand in 2019 could increase by as little as 15% in 2019, reaching 125GW of new installations, up from preliminary forecasted and revised figures of 109GW for 2018.
According to provisional data from BloombergNEF (BNEF), global solar PV installations reached 109GW in 2018 as the cost of installing a megawatt of photovoltaic capacity fell 12%, which spurred markets outside China to increase installations.
The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.