President Trump’s tariff decision was not the worst-case scenario for the U.S. market, but GTM Research says that it will still have effects, particularly in marginal and emerging regional markets.
While it was not the worst case scenario, the solar industry is not at all pleased with the imposition of 30% tariffs in the first year.
U.S. corporate procurement of renewables increased 16% last year, despite uncertainty around the future price of solar due to the trade case.
Over the past five years, the pattern of imports has moved away from China and towards Southeast Asia and Korea.
The research organization’s latest publication looks at what it will take for utilities to meet the changing demands of the 21st century, including accommodating distributed solar and energy storage.
BNEF has released its top 10 clean energy predictions for 2018, including at least 107 GW of solar PV installs. China will lead, but Latin America, Africa, Asia and the Middle East will notably up the ante. India will install less RE than in 2017, but will see fossils outpace RE for the last time; and China will see distributed grid connected solar leading the market. Li-ion prices are also declining, while EV sales grow.
The German inverter maker claims a 25% market share in the utility-scale marketplace.
BNEF has found that U.S. investment levels fell 1% year-over-year, with the Section 201 case hanging over the head of the industry.
As Detroit-based DTE Energy considers building a billion-dollar gas plant, solar and wind champions are asking regulators to demand they consider renewable alternatives before approving the construction.
The pioneering Southern solar developer will now be backed by Europe’s largest oil and gas company.
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