Global module and module-component prices continued their price declines in the first five months of 2020, with BNEF reporting mono c-Si modules down 8% to 0.21/W, multi c-Si modules down 11% to $0.19/W, cells down 24% to $0.10/W, and polysilicon down 18% to $6.5/kg. • PVInsights reported average module prices below $0.17/W. Source: NREL annual […]
From 2010 to 2019, shipments from the top 10 PV manufacturers grew from 11 GW to 78 GW, with some companies shipping more than 10 GW annually. • Only four of the leading companies in 2010 remain in the top 10 in 2019, and all in the bottom half. • New companies moved to top […]
From 2010 to 2019, the efficiency of modules installed in the United States increased significantly: – 14.4% to 19.4% for mono c-Si – 13.7% to 17.4% for multi c-Si – 11.0% to 17.4% for CdTe. • Based on preliminary data for Q1 2020, the average efficiency of mono c-Si and CdTe panels installed in the […]
In 2019, global PV shipments were approximately 123 GW—an increase of 39% from 2018. • In 2019, 62% of PV shipments were mono c-Si technology—a level not seen since the early 1980s. • In 2019, revenue from PV deployment was more than 10X revenue from PV manufacturing. • Despite tariffs, PV modules and cells are […]
In 2019, India awarded a record 19.2 GWAC of PV capacity at a record low weighted-average price of 2.67 rupees/kWh. In 2019, Not all 2019 auctions in India were fully subscribed as some developers did not participate in ones viewed with unfavorable terms. • Many of the awards occur during large federal auctions as the […]
India installed 9.9 GW of PV in 2019, a decline of 8% y/y and 23% from its peak in 2017. – Large-scale projects accounted for 85% of 2019 installs and 88% of cumulative PV installations. – Mercom attributes the difficulties in the largescale PV market to come from: contracting and contract renegotiations, financing, infrastructure availability, […]
At the end of 2019, global PV installations reached 627 GWDC, an annual increase of 115 GWDC from 2018. – In 2019, the leading markets in terms of annual deployment were China (30 GWDC), the United States (13 GWDC), and India (10 GWDC). • Before the spread of COVID-19, analysts had projected that global PV […]
The Andhra Pradesh government is planning to float India’s largest solar tender of 10GW primarily to meet the farmers’ demand for electricity. Currently in A.P. 5.2 GW of planned solar and wind energy projects are kept in hold as these renewable energy contracts which were inked under the previous government is being critically examined by […]
The Wind and Solar plant developers had entered into a tariff war by quoting low rates which have now become an impediment to them. Little did they realize that, while willingly quoting such low rates in open auction will challenge the viability of these projects. Our country at the same time has embarked into activities […]
The impact of COVID-19 Has been significant in terms of demand loss and consecutive loss of revenue. The typical electricity demand loss due to COVID-19 has been estimated about 20% and the revenue loss has been estimated as 7.2% bye Recent report of Niti Aayog. The loss of demand is due to reduced power consumption […]
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