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China's Q4 2016 outlook strengthens, while outlook for 2017 weakens in light of continued policy uncertaintyDecember 08, 2016China continues to await confirmation of the details of a crucial feed-in tariff (FiT) change that is proposed to take place at the end of this year. It is widely anticipated that it will be confirmed in December that FiT rates will be cut by 13% to 25%, with a grace period allowing projects approved before the end of 2016 to complete in 2017. The market has reacted to this uncertainty by accelerating rapidly in Q4 2016, with EPCs aiming to complete as many projects as possible prior to the end of the year.
'Higher PV inverter quality' is the number one reason for a supplier to become a customer's preferred brandDecember 08, 2016For the second year in a row, 'higher PV inverter quality' was the most selected reason for a PV inverter supplier to become a customer's preferred brand according to the latest update to the IHS PV Inverter Customer Insight Survey.
IHS survey reveals continued growth in energy storage adoption amongst solar companiesDecember 08, 2016IHS Markit ran its annual solar survey between August 2016 and November 2016. This report was conducted for energy storage suppliers to gain knowledge and insight into the requirements and opinions of solar installers, integrators and distributors.
IHS survey reveals steep demand growth for high-efficiency modules in 2017December 08, 2016The IHS PV Module Customer Insight Survey 2016 indicates changes on the product mix demand, which reveals the increasing complexity and diversification of solar module technologies.
Strong demand in China in Q4'16 stabilizes pricing and depletes inventories but uncertainty remains for 2017November 24, 2016The solar industry has always been a remarkably dynamic industry but, throughout the second half of 2016, is undergoing one of its most frantic phases. If Q3'16 was marked by an oversupply scenario with slow demand, strong price decline, and high inventories throughout the module supply-chain, Q4 presents a more balanced supply-demand scenario with higher shipments, stabilized pricing, and lower inventory levels.Subscribers Only
Software and services take centre stage at European Utility Week 2016November 22, 2016For three days in November, the industry converged in Barcelona for European Utility Week (EUW). A team of IHS Markit analysts were also present, to cover the most up to date information as everyone looks to the future of the utility and energy markets.
Declining PV component prices could reduce utility-scale system costs by up to 38% y-o-y in 2017November 09, 2016In 2016, average utility-scale PV costs have dropped below 1.50 USD/W in most major markets. There are still some significant differences in pricing between markets mainly caused by local conditions, including import duties, grid requirements and labour costs. Among the countries analysed in the IHS Utility-scale PV Projects Cost Analysis Report - 2016, India and China have the lowest costs across all components as well as the lowest labour costs.
Why is the Powerwall 2.0 giving Tesla an edge on competition?October 31, 2016On 28 October 2016 Tesla launched Powerwall 2.0, the next generation of its residential battery storage product, increasing the size of storage from 7 kWh to 13.5 kWh compared to Powerwall 1.0. The Powerwall 2.0 will include an integrated inverter and will be available from January 2017 in the United States and in Australia. This announcement comes just after a blog posted on Tesla’s website confirming that the company would start manufacturing its own inverter at the Gigafactory.Subscribers Only
Proposed cut to China's FiT to reignite short-term demand for PVOctober 14, 2016The Chinese Government is expected to approve changes to its national solar feed-in tariff (FiT) which have the potential to dramatically reshape the near-term outlook for the market. Given the significance of China to both global and supply demand, the final outcome of this policy will have significant impacts on the entire industry.Subscribers Only
Key Takeaways from Energy Storage North America 2016 - competition on prices heightens, US C&I market surges and inverters move to the forefrontOctober 12, 2016IHS Markit Technology analysts attended Energy Storage North America in San Diego on 4-6 October. With the US energy storage market predicted to add nearly 500 MW in 2016, double the size of 2015, suppliers and project developers were righteously upbeat about 2017 prospects. Below are some key takeaways from the show.Subscribers Only
Wireless Power Up 40 Percent In 2016, But Could It Have Been More?October 11, 2016The number of devices enabled with wireless charging will exceed 200 million units a year for the first time in 2016, according to the latest IHS Markit forecast. But with a number of product announcement delays in the last year, does 2016 represent a missed opportunity for wireless power?Subscribers Only
First Tesla Powerpack system in Europe signifies growing attractiveness of energy storage in UKSeptember 27, 2016On September 21, 2016 UK-based investor Camborne Capital announced that its subsidiary Camborne Energy Storage had received the first Tesla Powerpacks to a site in Somerset, England. The 500 kWh batteries will be paired to a 500 kW ground-mount solar PV farm and will initially provide frequency regulation via National Grid’s existing firm frequency response (FFR) service.
PV developers flock to Ireland, but policy remains unclearSeptember 27, 2016As of 2 September 2016, the Republic of Ireland’s pipeline of PV projects amounted to 3.5 GW, in anticipation of a new incentive scheme to be published in the coming months. The most active developers have come over from the United Kingdom in the search for new opportunities, as PV opportunities dwindle in the United Kingdom after incentive cuts. The top five developers - Elgin Energy, Highfield Solar, Solas Eireann Renewables, Lightsource-RE, and Amarenco Solar - all have connections to the United Kingdom. Combined they hold 50% of the total current PV pipeline. The big questions are whether Ireland’s policy scheme will offer an attractive enough market, at what volume, and in which time frame.
UK inverter suppliers shifting focus to residential and commercial segments, awaiting Irish ground-mount opportunitySeptember 23, 2016Following the rapid decline of the UK ground-mount PV market at the end of Q1'16, the majority of leading PV inverter suppliers are now shifting focus towards the residential and commercial segments in the UK market and eagerly waiting on a new solar policy In Ireland to be announced especially in relation to the ground-mount segment.
Key Takeaways from Solar Power International 2016 – Global module oversupply, US developers delay projects, 1500 V and string inverters gain momentum.September 21, 2016IHS Markit Technology analysts attended Solar Power International in Las Vegas last week. The increase in the number of exhibitors and attendance at the show was a reflection of the fact that the United States offers perhaps the best business opportunities to international and domestic solar companies. With the long-term outlook for the US industry buoyed by the extension of the Investment Tax Credit (ITC), a wide array of international suppliers were present at the show aiming to capitalize on this opportunity.Subscribers Only
AES, AMS and Stem largest contract winners of SCE's energy storage procurement plans in 2016September 16, 2016On 13 September 2016, investor owned utility Southern California Edison (SCE) announced contracts awarded to six developers for a total of 125 MW of multi-hour behind-the-meter energy storage and demand response projects to be built by 2020, as part of its Preferred Resources Pilot. Winning candidates include Advanced Microgrid Solutions (AMS), Convergent Energy & Power, Hecate, NextEra, NRG and Swell. The same week SCE awarded two additional contracts for utility-side-of-meter projects for a combined 22 MW/88 MWh to Powin Energy and Tesla as part of its efforts to replace gas peakers using natural gas from the Aliso Canyon gas storage facility. The two latter projects are expected to be commissioned during the winter of 2016/17.
North American PV pipeline hits 62 GWSeptember 07, 2016As of Q3 2016, the PV project pipeline in North America stands at over 62 GWdc according to the IHS Solar Deal Tracker. With the extension of the investment tax credit (ITC) in the United States, the project pipeline has continued to grow, with projects and utility requests planned from 2016 through 2020 and beyond. Though some of the capacity originally under development in 2016 has been pushed back due to the policy update, the bulk of the pipeline in North America is currently associated with deadlines from 2016 to 2018.
Chinese suppliers are the first movers with 1500V string inverter technologySeptember 06, 2016On the 5th September, Chinese PV inverter supplier, Sungrow announced it would start shipping a 1500V 80kW three-phase string inverter targeted at the global commercial and utility-scale PV market. Along with Huawei, which showcased a similar product at Intersolar Munich, these have been the only suppliers to clearly indicate that they will start producing 1500V string inverters in 2016 to date.Subscribers Only
Massachusetts becomes 3rd US state with energy storage legislationSeptember 06, 2016On 8 August 2016 Massachusetts governor Baker signed “An Act Relative to Energy Diversity” Bill to encourage the deployment of offshore wind, hydropower and energy storage capacity in the US state. Massachusetts is now the third state after California and Oregon to authorize an energy storage procurement goal.
Top PV module suppliers' guidance ratifies 2016 shipments but not revenues - IHS Markit InsightSeptember 06, 2016Financial results for Asian PV module manufacturers in the second quarter of 2016 have been broadly positive both in terms of shipments and gross margin. However, the picture anticipated for the second half of 2016 looks significantly less optimistic. Although leading Asian manufacturers have not lowered their FY 2016 shipment guidance, some of them, by contrast, have already announced a lower FY 2016 gross margin guidance.