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  • Global PV Market Demand Blooms Everywhere
    Global PV Market Demand Blooms Everywhere
    • Aug 05, 2019

    In 2018, the global installed capacity of photovoltaics is about 104GW, which is basically the same as 2017. At the same time that the scale of the Chinese market in the world's largest PV market has begun to shrink, the demand for overseas emerging markets has blossomed everywhere. In the US market, the newly installed capacity in 2012 was 11.36 GW, and the total installed capacity was 64.66.GW. The newly installed capacity and total installed capacity were the second in the world. "Overall, due to the risk of policy uncertainty, the installed capacity may have an impact, but due to the state's planned support, the cost competitiveness advantage is gradually clear, and the long-term installed capacity will continue to grow steadily," Zhang Sen said. The EU market is a traditional PV application market. According to the statistics of the European Solar Photovoltaic Association, the EU installed 8GW in 2018, a year-on-year increase of 36%. Zhang Sen believes that the new installed capacity of the EU market will show a growth trend in the next five years, and the market scale is above 10GW. According to Bloomberg statistics, in 2018, Japan added 6.7 GW of new installed capacity, with a total installed capacity of 44.5 GW. There is a market space of nearly 50 GW from the target of 2030, and the annual installed capacity is about 4 GW. Japan's Ministry of Economy, Trade and Industry (METI) will significantly reduce the subsidy for on-grid tariffs for large-scale PV projects (not connected to the grid) approved from 2012 to 2014. The subsidy will be extended to September 2019, which is expected to bring a new domestic market in 2019. Wheel grabs. India is in a period of rapid development. According to Bloomberg New Energy Finance and Statistics, in 2011, India's PV installed capacity was 11GW, up 22.2% year-on-year. It is expected to add 12GW in 2019, and the growth momentum will continue. India has replaced Japan as the world's third largest market. In the future, the installed capacity will reach 15GW in the next 2020, surpassing the US to become the world's second largest market. India approved the second phase of the 40 GW grid-connected solar project in 2022 and the 25.8 GW agricultural solar project in 2022, which is expected to provide Rs. 18 billion (US$1.656 billion) and Rs. 344 billion (US$4.44 billion) respectively. The subsidies are used to support household solar and agricultural solar projects. According to statistics, as of the end of 2018, the installed capacity of rooftop solar projects in India is 3.8GW, which is less than 10% of the installed target in 2022. The future application market is huge. Some agencies predict that India is expected to achieve the goal of cumulative installed capacity of 100GW ahead of 2020. According to the data of Jibang New Energy, the installed capacity of photovoltaics in Australia was 3.78GW in 2018, which became the fifth largest market in the world, with a year-on-year increase of 222%. Among them, t...

  • Hundreds of millions to be channelled into emerging solar markets
    Hundreds of millions to be channelled into emerging solar markets
    • Mar 08, 2019

    Hundreds of millions to be channeled into emerging solar markets lose to a dozen emerging solar PV markets are to reap hundreds of millions of development money, under a scheme managed by Dutch and South African organisations. The Climate Investor One programme has closed US$850 million financing for renewables in Africa, Asia and Latin America, far ahead of its initial US$530 million target. Raised over two years, the capital will foster 1.7GW of clean energy projects in at least Burundi, Cameroon, Uganda, Kenya, Malawi, Mongolia, Madagascar, Djibouti, Morocco, Nigeria and Indonesia. The programme, summary documents show, will target 25-75MW projects in PV (around 40% of portfolio), wind (40%) and run-of-river hydro (20%). Biomass, geothermal and others may also be considered. Climate Investor One will follow the blended finance approach, providing projects with early-stage loans but also equity covering up to 75% of construction costs and follow-up refinancing. The programme has already committed to various projects. Cleantech Solar, the Shell-owned Asian C&I rooftop specialist with a portfolio of 116MW, has already been granted construction capital. The scheme will be run by Coöperatief Climate Fund Managers, a joint venture between Dutch development institution FMO and South African developer Sanlam InfraWorks. The UN’s Green Climate Fund (GCF) remains a major backer to the initiative, having committed a US$100 million grant to it. According to the GCF, the initial 11 target countries were singled out over their major energy deficits and over-reliance on fossil fuels, coupled with a lack of early-stage funding for renewables. Development funding is seen as a key enabler of solar PV across emerging markets, where land acquisition, corruption and social impacts can hinder green infrastructure plays. From the GCF to IFC and the ADB, development financiers caught up with PV Tech over the spring, sharing their views on a solar industry they regard as central to the energy transition.

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