The latest figures from Taiwanese analytics firm PVInsights shows that prices for monocrystalline solar PV products have fallen sharply in a week-on-week comparison. The price drops for wafers were particularly strong.
The predicted fall in global PV module prices appears to have already begun, with PV Insights and EnergyTrend reporting average prices in the $0.27-$0.37 cent per watt range.
The Southern developer has signed a deal to sell power to Green Power EMC from another 194 MW-AC of solar projects which it is building in the state.
BNEF predicts that solar PV capacity will grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation. Investments will reach $11.5 trillion. Cost reductions will drive this charge, particularly in the battery market. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels.
The analytics firm is the latest to predict a decline in global PV demand this year and crushed global module prices due to Chinese policy changes. TrendForce also finds that the protectionist moves taken by the U.S. will be weakened by falling module prices.
In this interview with pv magazine, Sungrow USA CEO Steven Chan gives his perspective on the U.S. market in the wake of anticipated global module oversupply, as well as talking about the market dynamics around string versus central inverters.
In this op-ed for pv magazine, Tony Clifford looks at the upside of recent Chinese policy decisions for the U.S. market.
The Illinois Power Agency published its renewable energy credit prices for upcoming auctions for the Adjustable Block and Illinois Solar For All programs.
A flood of cheap solar panels is likely to partially offset the effect of the Section 201 duties. It may also mean the revival of projects with marginal economics and could lead to module supply contracts being renegotiated.
The organization is expecting carnage throughout the solar value chain as the result of reduced policy support for deployment in China.
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