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.
SEIA and WoodMac predictions of 17% jump in US-wide roll-out by end of 2019 come as Ikea's parent firm unveils investment in 403MW duo in Texas, Utah.
WoodMac, AWEA: Better fit with energy storage will help PV attract vastly more corporate interest through 2030 but looming ITC phase-out could put brakes on progress.
WoodMac: Innovative finance needed to further boost already sound economics of residential sector, with Germany, Italy and Spain all breaking even faster than the UK and France.
Firm says clean energies will catch up with fossil fuels by 2027 and race ahead by 2030, with Indian solar already cheaper and Aussie solar set to follow next year.
WoodMac: Worldwide installations will grow 17.5% this year to hit new high of 114.5GW, paving way for arrival of 12 countries to group of 1-to-5GW-a-year installers.
Wood Mackenzie: Continent will grow to install annual 20GW within three years but shift to auctions and merchant exposure will see profitability come under pressure.
WoodMac: Solar will play key role as microgrids more than double by 2024 on US island territory, helping mend a grid decimated by hurricane Maria in 2017.
SEIA, Wood Mackenzie: Section 201 disruption drives 7% year-on-year drop in utility solar additions even as contracted pipeline hits all-time records.
Wood Mackenzie has predicted that the UK will join Europe’s “vanguard of subsidy-free utility-scale solar PV” in 2019 as project costs continue to fall. There are already a handful of sites that have reached that benchmark and a considerable pipeline is growing behind those.
The fresh tariffs placed on Chinese solar inverters are unlikely to create major procurement challenges or have serious implications for those manufacturing in China.
‘Lowest ever system prices’ trigger spike in procurement, latest Wood Mackenzie report finds.