The Asian Development Bank says developing countries in Asia and the Pacific should consider developing their own solar industry supply chains as the Covid-19 pandemic has exposed their over-reliance on China to carry through the energy transition.
Electrolyzer manufacturers are in agreement on the goal of rapidly reducing investment costs, mainly through economies of scale. Some are embracing large units, while others are betting on quantity over size. The first approach is attractive for operators of large PV plants, while the latter is better suited to operators of small systems.
While the full extent of the impact of the Covid-19 pandemics on the renewable energy market is yet to reveal itself, Norwegian consultancy Rystad Energy predicts new solar and wind projects will grind to a halt this year and experience a ripple effect in the years beyond as currencies across the globe continue to fall against the US dollar.
A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
The COVID-19 outbreak has disrupted the global PV supply chain. China, the largest manufacturing hub for solar products, has postponed factory openings in many regions, as it has been hit by logistical hiccups, staff shortages, and delivery delays. Manufacturers in some Chinese provinces are running under capacity, while those overseas are facing the same situation.
Many solar factories in China are starting to resume production, suggesting that concerns about supplies of PV components could soon begin to ease. Nevertheless, the temporary standstill will have an impact on the global solar market, as the implementation of some projects will probably be postponed until next year.
With three models of 500 W solar panels officially unveiled, here’s a look at what it means for the future of project development and the solar industry at large.
Rio Tinto set to invest approximately $1 billion over the next five years as the mining giant looks to deliver on its new climate change goals and particularly its 2050 net zero emissions target.
‘First Solar, at its core, is a technology and module manufacturing company,’ said Mark Widmar, chief executive of the U.S. company.
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