• Cumulative global installed solar photovoltaic (PV) capacity is set to rise from 271.4 Gigawatts (GW) in 2016 to 756.1 GW by 2025, at a compound annual growth rate (CAGR) of 13.1% • Although growth will decline compared to the 2006-2015 period, which experienced a huge CAGR of 50.1%, it will remain considerable over the next decade, especially in China, says report
This year's edition of BNEF's long-term forecast sees $11.4 trillion investment in global power generation capacity over 25 years, with electric vehicles boosting electricity demand by 8% in 2040.
by Dr Peter Harrop, Chairman, IDTechEx
• China pushed the global wind market to new heights in 2015, representing almost half of new wind installations globally and producing a total annual capacity of 30.5 Gigawatts • However, after focusing on increasing its installed capacity, the country now aims to shift its focus from scale expansion towards quality and efficiency, says analyst
North American PV tracker market increased by 135 percent, reaching 5.5 GW last year
"Wind power led all technologies in new power generation in 2015," said GWEC Secretary General Steve Sawyer; "Led by wind, renewables have come of age and are transforming the power sector."
Total Corporate Funding in Solar Sector Drops to $2.8 Billion in Q1 2016, Reports Mercom Capital Group
Debt and public market financing decline; residential/commercial funds surge; solar securitization deals cross $1 billion
U.S. polysilicon manufacturers have essentially lost access to China, while Asian countries have greatly benefited from their ability to increase market share there
Led by the utility-scale segment, GTM Research forecasts 16 gigawatts (GW) of solar will be installed in the U.S. in 2016, more than doubling the record-breaking 7.3 GW installed in 2015.
Peter Maloney for UtilityDive: The U.S. energy storage market put in a strong showing in 2015 with its “best quarter and best year of all time,” according to the GTM/ESA report. And current market trends point toward continued strong growth. The recent extension of the federal Investment Tax Credit, and new guidelines under consideration at the Internal Revenue Service are expected to further boost energy storage and the pairing of storage with renewable resources. In the fourth quarter alone, the U.S. deployed 112 MW of storage capacity, representing more than the total of all storage deployments in 2013 and 2014 combined. For the full year, 221 MW (161 MWh) of storage was installed. In 2014 65 MW (86 MWh) of storage was installed in the U.S. Cont'd...
As European Solar Installations Slow, China, US and Japan Lead Global Installed PV Capacity in 2016, IHS Says
By the end of 2016, cumulative global installed photovoltaic (PV) installations will surpass 310 gigawatts (GW), compared to just 40 GW at the end of 2010.
In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts (MW) of solar photovoltaics (PV) in 2015. GTM Research and the Solar Energy Industries Association (SEIA) announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report.
With the United States in the lead, due in large part to the recent extension in the country's solar investment tax credit (ITC) late last year, the global solar photovoltaic pipeline now exceeds 200 gigawatts (GW). At a combined capacity of 110 GW, projects in the U.S., China and Brazil make up half of the current PV pipeline, according to IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
Leading solar inverter suppliers SMA and SolarEdge recently reported strong profits in their latest earning calls, but the United States remains their key market and key source of recent financial success.
Global Revenue for Advanced Batteries for Utility-Scale Storage is Expected to Reach $3.6 Billion by 2025, According to Navigant Research
Lithium ion batteries lead in utility-scale applications of batteries on the grid, report finds
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