The agency expects solar and wind to again dominate capacity additions in 2019, with solar showing modest market growth. If anything, this estimate is conservative.
The latest analyses by both IHS Markit and Wood Mackenzie suggest that the capacity of new gas plants coming online this year will be slightly larger than the combination of wind and solar, for the first time in five years.
In this op-ed for pv magazine, Camron Barati explores the trend towards what increasing state-level renewable power and storage targets mean for the U.S. market. The company projects 73 GW of solar PV systems will be installed in the United States from 2018 to 2022.
Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea rose to top of the tree in terms of cumulative capacity. The global project pipeline has soared to 10.4 GW.
IHS Markit is already predicting a 1-3 cent per watt increase in PV system prices, with the greatest impact again on utility-scale solar.
In the increasingly competitive commercial-and-industrial storage market, IHS Markit expects the segment to grow 10-fold over the next five years – and ranks the companies that will lead the charge.
In this analytical piece, IHS Markit takes a look at the potential effects of the Section 201 case, both in the United States and globally.
Industry analyst IHS Markit has raised its forecast for global installations in 2017 to 90 GW, representing 14% growth on the previous year’s figures. Continuing demand in China after the June 30th FIT cut is cited as the main driver for the increased expectation.
IHS Markit expects li-ion battery prices to fall below $200/kWh by 2019, and for the cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today.
The leading inverter maker has increased its earnings forecast for the year to $1.06 – $1.12 billion as orders swell.
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