Tags Posts tagged with "PV market"

PV market

Vietnam’s solar market is a good news for the solar industry with growing demand of electricity and government policy to promote PV development. With the support from Alena Energy and LONGi Solar, Growatt held its Shine Elite PV workshop on July 4 at Novotel Saigon Centre in Ho Chi Minh City.

The meeting highlighted training on Growatt’s smart inverter solutions. “Inverter technologies have been the innovation center of PV systems in recent years and Growatt has been making a lot of progress as we keep increasing our investment in R&D.” said Frank Qiao, Growatt co-founder and sales director.

Growatt technical manager Adam Sun presented latest product developments for residential, commercial and industrial scenarios. New series residential inverter MIN features an OLED display and touch button design appeals to many clients. It will be launched in Vietnam soon! In addition, recently our latest inverter MAX, which we strongly recommend for implementation in commercial and industrial solar rooftop projects, has been used in a 3MW solar plant in Ninh Thuan.” said Sun.

Service engineer Roger Tian laid out inverter architecture, component selection, installation, operation instruction and troubleshooting for the audience. Growatt monitoring system is at the heart of customer service. Growatt offers a variety of monitoring devices, such as ShineMaster, ShineWifi and ShineLink to meet different demand of internet connection methods. Apart from monitoring installation and setup, Tian detailed registration, configuration and function on Growatt’s Online Smart Service platform.

At the event Alena Energy’s director shared his optimism on the prospect of Vietnam solar and encouraged collaboration with global leading PV brands to develop solar energy across Vietnam. Reliable and advanced inverter and module technologies are key to the success of Vietnam’s solar ambitions. Ms.Vu Thi Thanh Van, LONGi senior sales manager introduced its cutting-edge solutions. “LONGi’s half-cut mono PERC module solution provides higher yields, higher reliability and lower power degradation.” she said.

The workshop today is the consistent effort by Growatt to improve customer service and better prepare our partners for system installation, operation and maintenance. Growatt is committed to the solar development in Vietnam and we will continue to work with our clients and provide our expertise and training on product and service.” said Derrick Ding, Growatt Vietnam sales manager.

Source: Growatt

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SolarPower Europe and Spanish Solar Association, UNEF, have teamed up with the Intersolar organizers to shed light on Europe’s new solar boom market – Spain. Intersolar Summit Spain will take place in Barcelona on June 18, 2019, to discuss the PV market development in Spain, the opportunities of the announced grid parity, corporate sourcing models, regulation and policy issues.

The event will bring together more than 200 attendees, gathering the key stakeholders in this market, which is being driven by auctions and increasingly by subsidy-free corporate sourcing of solar power.

Spain’s solar market is reignited

261.7 MW of new PV systems were installed in Spain in 2018 according to the provisional numbers of Spanish solar energy association UNEF. Compared to the newly installed 135 MW in 2017, this is an increase of 94%. There is every indication that the difficulties of the previous years of the Spanish renewable energy industry will be overcome.

Price cuts have been the main drivers for the solar market growth in Spain last year. These include lower production costs, better frameworks for self-consumption of solar power, and the cancellation of fees and charges such as the sun tax. These developments are very promising and doubtlessly appropriate for a country that is blessed with one of the best conditions for solar energy in Europe.

This year, around 4 GW from auctions alone are likely to be installed, which might turn the country into Europe’s #1 solar market. The growth potential of low cost solar goes far beyond government auctions. With a pipeline of over 30 GW of subsidy-free solar projects for corporate sourcing, Spain is the place to go for anyone interested in large-scale solar power.

The Spanish government has also just set ambitious 2030 targets for renewable energy – aiming to achieve a 35 percent share of renewable energy in final energy consumption. By 2050 Spain plans to achieve 100 percent renewable electricity, and to cut carbon dioxide emissions by 90 percent compared to 1990. This will require €200 billion in public and private investments.

SolarPower Europes’ positive prospects for the Spanish solar industry are therefore not surprising: 8.8 GW new capacity will be added by 2022 in their medium scenario. The total capacity will result then in 14.6 GW at the end of 2022. Spain belongs therefore to the top 15 solar markets worldwide in respect to the forecast PV additions.

Corporate sourcing is on the rise

Solar energy will become cost-competitive with fossil energies in the coming years, which will favor new business models and sales opportunities. Intersolar Summit Spain is therefore not only dedicated to the solar market developments in Spain but also to the promising Corporate Sourcing models and Power Purchase Agreements (PPAs) with their assets and drawbacks.

Current projects have shown that renewable energy plants are able to generate power at the same or even lower prices as fossil power plants. Among the expected 200 attendees will therefore also be buyers from companies searching for corporate sourcing solutions.

Source: Intersolar

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Ingeteam has recently signed a number of contracts for supplies to PV plants in Australia, a country in which the company boasts an important market share in the solar sector. Thanks to these new contracts, Ingeteam has reached the figure of 1,060 MW supplied to the Australian PV market.

The company, which has been present in Australia for more than five years now, is to supply a total of 377 central PV inverters, all with 1,500 Vdc technology, with delivery now underway. These inverters, which are part of the INGECON SUN PowerMax B series family, are being sent to five large solar generation plants, totaling 620 MW.

Moreover, the supply is not limited to the PV inverters, but covers the integrated medium voltage solution, which is divided into two types. Approximately 63% corresponds to the Skid series for Ingeteam’s Inverter Station solution, which comprises a metal platform or skid holding all the low and medium voltage equipment required (LV/MV transformer, MV switchgear, LV switchboard and auxiliary services transformer), and which is connected in the field to three 1500 Vdc inverters.

The rest of the supply corresponds to the INGECON SUN CON40 power stations where the equipment mentioned above (three 1500 Vdc PV inverters, LV/MV transformer, MV switchgear, LV switchboard and auxiliary services transformer) is housed in a 40 foot container, shipped as a turnkey solution.
Moreover, Ingeteam has recently commissioned two solar plants totaling 146 MW in the state of Queensland. These plants have also been equipped with 1500 Vdc PV inverters, integrated in the INGECON SUN CON40 power stations.

On the other hand, the company is set to commission another plant, with an output power of 119 MW, for which it has supplied 25 Inverter Stations each equipped with seventy-five 1600 kW inverters.

These new contracts consolidate the position of Ingeteam in Australia, where the company has now crossed the 1 GW threshold of power supplied to the solar market.

Scope of supply

  • 80 power stations fitted with all the necessary equipment to inject medium voltage power: three PV inverters, LV/MV transformer, medium voltage switchgear, auxiliary services transformer and low voltage switchboard.
  • 47 power stations of the INGECON SUN CON40 series fitted with all the necessary equipment to inject medium voltage power: three PV inverters, LV/MV transformer, medium voltage switchgear, auxiliary services transformer and low voltage switchboard, all housed in a 40 foot container.
  • 377 units of 1500 Vdc photovoltaic inverters, each with a rated power output ranging from 1600 to 1740 kW, pertaining to the INGECON® SUN PowerMax B Series family.

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PV energy worldwide has once again set a new record for installed capacity in 2016, connecting 76.8 GW and representing a growth of 50% on the amount installed the previous year. The PV market has experienced an important change in recent years, going from being an essentially European market, motivated by environmental issues, to undertaking most projects in emerging markets where the motivation is price competitiveness and guaranteed supply.

Even though only 55 MW were installed in Spain last year, the sector has started to breathe winds of change. After five years of moratorium, the sector feels stronger and ready to change political risk for market risk. The lack of trust in government policies, the high competitive level achieved by the technology, the huge natural resource available in Spain, the liquidity existing in the financial markets and the possibility of obtaining additional revenue by taking part in auxiliary services are all reasons that encourage PV developers to test the possibility of going directly to the market.


However, this path is not without its obstacles. The first and most significant is the inadequacy of the marginal system of setting prices in the electricity markets. A system designed in the 1980s, based on costs variables, could not be more inappropriate for establishing the price of technologies that do not have such variables and that are enjoying an increasingly greater presence in the energy mix.
Read more…

José Donoso
Managing Director, UNEF, the Spanish Solar Association

Article published in: FuturENERGY July-August 2017

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Quality assurance plays a crucial role in achieving a robust photovoltaic (PV) market and confidence from investors, policy makers and consumers, according to a new report launched by the International Renewable Energy Agency (IRENA).

Titled Boosting Solar PV Markets: The Role of Quality Infrastructure, the report describes how a quality infrastructure can support the uptrend of newly installed PV capacity. From less than 10 GW worldwide in 2006, installed solar PV capacity reached nearly 300 GW in 2016. More than 71 GW was added in 2016, with over 113.000 M$ invested in solar energy technologies: This trend is expected to be maintained in the years to come as new markets in Latin America, the Middle East, North Africa and Southern Asia continue to expand. IRENA projects that by 2030 total installed PV capacity could range between 1,760 GW and 2,500 GW.


As solar PV power systems become increasingly competitive, continued market growth depends on assurances of performance and durability. Quality assurance protects and accelerates future PV investments, lowers capital costs, improves performance, extends module lifespans and lowers the resulting electricity costs.

However, comprehensive quality assurance requires physical and institutional infrastructure. This so-called, Quality Infrastructure (QI), comprises the total institutional network and legal framework that formulates and implements standards. It also includes testing, certification, metrology and accreditation.

The implementation of quality infrastructure can enable an effective route to achieve policy objectives of renewable energy, as it has a positive impact in each of the stages of the technology lifecycle. An adequate quality infrastructure, matched with appropriate government policies, can contribute to significant improvements in the performance and longevity of solar PV systems.

Source: IRENA


Special report focusing on the PV power market, published as a separate issue to the May 2017 edition of FuturENERGY for special distribution at Intersolar Europe 2017, an event that ran from 31 May to 2 June, in Germany, and at which FuturENERGY has an active presence as media partner.


JinkoSolar, líder de ventas en 2016 avanza hacia la marca de 10 GW en 2017

JA Solar, new modules to lower LCOE and achieve grid parity

A snapshot of global PV:2016, a new record-breaking year

A comprehensive and flexible offer for PV project development
A unique lead-carbon battery energy storage system that attracts great attention
PV energy for high level requirements

Trends at Intersolar Europe 2017
Innovations at Intersolar Europe 2017

Read more…

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IEA PVPS has published its new Snapshot of Global Photovoltaic Market 2016 report, that serves as a preliminary assessment prior to the PVPS Trends Report that will be published in Q3 2017. Preliminary market numbers show that the PV market grew significantly in 2016. In total, about 75 GW of PV capacity were installed in the IEA PVPS countries and in other major markets during 2016. The total installed capacity in the IEA PVPS countries and key markets has risen to at least 303 GW.

Solar PV technology continued to expand in 2016 thanks to the rapid development in China, America and India. The 50% growth reported in 2016 came from these countries, with disparities in other markets. Japan and Europe contributed less than in 2015 and the contribution of emerging countries remained equal. In other words, the global PV market outside of China grew by 5 GW to 40 GW while China drove the global numbers up to at least 75 GW.


Once driven by financial incentives in developed countries, PV has started to progress in developing countries, answering to a crucial need for electricity. Whereas in several developed countries, PV comes in direct competition with existing plants from incumbent utilities, in emerging countries PV already helps to satisfy a growing need for energy in general and electricity in particular, pushed by declining prices.

In a decade, PV has become a major source of electricity at an extremely rapid pace in multiple countries all over the world. The speed of its development stems from its unique ability to cover most market segments; from the very small individual systems for rural electrification to utility-size power plants (today over 1 GWp). From the built environment to large ground-mounted installations, PV finds its way, depending on various criteria that makes it suitable for most environments.

Source: IEA

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SolarPower Europe’s third quarter 2016 PV market update shows 1.56 GW of newly installed capacity in Europe in the months from June to September. That is about 10% less new solar power installed than the 1.73 GW in the same quarter 2015.

In the first 9 months of the year, 5.3 GW of photovoltaic systems were installed in Europe, a decline of 18% over the 6.5 GW in the same period the year before.


The main reason for the European market’s decline is the strong demand drop in the UK after slashing feed-in tariffs for smaller installations, and ending its support program for large-scale solar power plants end of the first quarter 2016. While the UK installed 4.1 GW in 2015, the first 9 months of 2016 only saw additions to the grid of around 1.5 GW, with the major part installed in Q1. In a few European markets demand for solar power has improved, but future developments for one of the strongest growth markets, Turkey, is very difficult to predict, due to its political situation and strong protectionist measures.

If the fourth quarter of 2016 develops similar to the previous year, total demand would be around 7.1 GW, which would mean 17% less than the 8.6 GW of new solar power additions than in 2015. SolarPower Europe had forecasted a 7.3 GW market for its medium scenario in its 5-year Global Market Outlook 2016-2020, released in June at Intersolar Europe.

Michael Schmela, Executive Advisor and Head of Market Intelligence at SolarPower Europe, says, “In light of the Paris COP21 agreement it is concerning that the European solar market growth is slowing down, especially now that solar has become the lowest-cost power source in many European regions today.While Europe has recently done little to profit from cheap solar energy, the US market celebrates its best solar quarter ever, installing 4.1 GW in Q3 alone, and anticipating a 14.1 GW size for the full year, up 88% from 2015. China might even install around 30 GW of new solar power capacity in 2016, which would be more than what Europe installed in the last 3 years put together.”

Source: SolarPower Europe