Analyst expects recovery for PV and storage supply chains
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.
Short-term symptoms
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.
BNEF lowers 2020 global PV outlook due to coronavirus concerns
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.
How the new generation of 500 W panels will shape the solar industry
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 to invest $1 billion toward climate change goals
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 announces surprise fourth-quarter loss, considers sale of development business
‘First Solar, at its core, is a technology and module manufacturing company,’ said Mark Widmar, chief executive of the U.S. company.
Out with old inverters, in with the new
Global demand for replacement inverters will likely grow by almost 40% to reach 8.7 GW in 2020, as a large and expanding installed base of aging solar PV installations drives deployment, writes Miguel De Jesus of IHS Markit.
Jinko Solar the world’s biggest module provider again in 2019
The solar giant shipped 14.2 GW of modules last year, up 33% on 2018 for the high-water mark of another year dominated by Chinese manufacturers.
Coronavirus could cause PV module, battery cell shortages in Australia
As the outbreak takes its toll on solar panel and battery manufacturing in China, Australia is bracing for disruptions in the supply chains.
Energy density advances and faster charging would unlock EV revolution
With electric vehicles making up only 3% of the global car market last year, analyst WoodMac says battery packs need to be cheaper and lighter and range anxiety must be addressed to change the habits of drivers.
