Analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
You know the bad news. Here are five takeaways from the pre-COVID-19 U.S. solar industry. As for how the coronavirus will impact 2020 foreacasts, supply chains, component costs and project timelines, stay safe and stay tuned.
Also in the brief: Enphase ships storage; homeless encampments using secondhand solar; big batteries.
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.
The Chinese polysilicon giant’s net income fell nearly 23% year-on-year to $29.5 million in fiscal 2019, even though it posted a 16% year-on-year jump in revenue to $350 million. It expects its polysilicon output to soar in the year ahead, despite the threat posed by the coronavirus outbreak.
S-5! working with a metal roofing company to install two unique products on one site, SMA has launched a containerized medium voltage transformer that ties directly to their big inverters, and – so far – module pricing is flat in China. Send your hardware and service announcements USA-Editors@pv-magazine.com
The coronavirus outbreak in China could raise solar module prices in the near term as manufacturers have already begun experiencing wafer and solar glass shortages. Production rates are also being affected by an extended new year holiday introduced by the authorities as a measure to deal with the virus, and the requirement workers from infected areas quarantine themselves for two weeks.
Danish offshore wind giant Ørsted has acquired Coronal Energy’s solar development business, in a move that strengthens one company’s presence in the U.S. utility-scale solar and storage market, and all but eliminates the other’s.
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