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The outlook for PV in 2017 - the true dawning of the solar age?

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By Simon Currie, Simon Currie is the global head of energy at Norton Rose Fulbright. He advises clients across the world on strategy and the development, acquisition and financing of assets in the energy, natural resources and infrastructure sectors. He has worked on ground-breaking transactions in over 50 countries including privatisations and restructurings.; Rob Marsh, Rob Marsh is a partner and the co-chair of the renewable energy practice at Norton Rose Fulbright. He has advised sponsors, investors and lenders across diverse sectors including wind (offshore and onshore), solar (PV, rooftop and CSP), biomass, energy from waste, tidal, bio-fuels, energy storage and energy efficiency projects.

Business models | Solar is forecast to have another strong year of growth, but in spite rather than because of political support in many parts of the world. Simon Currie and Rob Marsh assess some of the commercial drivers for solar in 2017 and beyond as it finds itself increasingly at the mercy of market forces but arguably better placed to become a true global competitor.

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Who’d be solar market forecaster? Shifting sands in the two largest global markets coupled with a patchwork of emerging demand, that could as easily deliver several gigawatts as they could nothing at all, make the job a tricky one. A swell of registered projects in China in H1 slowed progress in H2 and there are signs of more of the same in 2017. Beijing based consultant Frank Haugwitz takes a deep dive (p.18) into China’s 13th five-year plan including the real meaning behind its decreased PV targets and the benching of efforts to promote distributed generation.

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