Top Stories

Grid List
Grid List

 

New inverter maximizes energy harvest from the PV power generation

E-KwBe is a new modular lithiumion based energy storage system which can help to optimize the use of in house solar energy systems, cut the electricity bills and reduce carbon footprint.

Advertisement
Advertisement

Top Stories

Grid List

Mercom Capital Group, llc, a global clean energy communications and consulting firm, forecasts global solar installations to reach 66.7 GW with China, the United States, Japan and India to make up the top four solar markets this year.

Click here to get the full report: http://bit.ly/MercomSolarApr2016Form

“Solar installations are forecasted to grow year-over-year globally despite recent headwinds in the sector with solar stocks, yieldcos, bankruptcies and the negative perception surrounding solar public companies. Solar has grown from just 2.6 GW in 2007 to a forecasted 66.7 GW in 2016 showing impressive resiliency along the way as it becomes one of the fastest growing new generation sources around the world,” commented Raj Prabhu, CEO and Co-Founder of Mercom Capital Group.

China installed 15.1 GW of solar in 2015, retaining its top spot as the largest solar installer in the world. Mercom forecasts China to install 18.5 GW in 2016. The additional 5.3 GW installation quota combined with the expected rush to meet FiT deadlines in the first half of the year should help China exceed 2015 installation numbers. China’s Q1 2016 installation figures of 7.14 GW confirm that it is off to a fast start. China recently reduced the FiT by up to 11 percent based on regions. To address the subsidy payment issues and raise additional revenue, the renewable energy surcharge has been increased by 27 percent, and an on-grid power tariff for commercial and industrial customers has been reduced to tackle shortages in the renewable energy fund. To address curtailment issues, the government has proposed a policy of guaranteed purchase of renewable power which it plans to implement gradually. 

The unexpected extension of the U.S. Investment Tax Credit (ITC) in December last year has completely changed the dynamics of the U.S. solar market. Mercom forecasts a conservative 13.5 GW of solar installations in 2016 as vendors are indicating a slower first quarter - at least in terms of new projects - as developers are taking their time to line up suppliers and negotiate contracts. This of course may change in the second half of the year.

Japan is expected to install around 10.5 GW of solar this year. Its current solar installation goal is 28 GW by 2020. Japan cut the feed-in tariff in March of 2016 by 11 percent. While the country started off with an overly generous FiT in 2012 of ¥42 (~$0.387)/kWh, it is now down to ¥24 (~$0.221)/kWh. Japan continues to struggle with grid connection, curtailment issues, and an undeveloped pipeline. Of the approved pipeline, only about 15 percent has been installed. Japan is also looking to implement solar auctions in order to cut subsidy costs.

India is expected to install over 4 GW in 2016 which will bring it to the fourth spot globally. India currently has a pipeline of over 21 GW under development and in pending auctions as the country targets its installation goal of 100 GW by 2022. Aggressive bidding in its recent auctions has caused some concerns to the viability of these projects due to unrealistic low bids. The latest India update can be found here.

The top three solar markets in Europe are again expected to be the U.K., Germany and France.

Proliferation of solar auctions around the world is an important development over the last 12 months with subsidy costs from solar becoming an issue in many countries. Germany completed three auctions in 2015, the U.K. and Japan are looking at a similar model, France is conducting solar auctions, and China is also contemplating auctions. India and South African solar policies are primarily based on auctions while Brazil and Mexico are also largely auction-based.

Subscribers to Mercom’s weekly Solar Market Intelligence Report will have access to the full report. To become a subscriber, visit: https://secure.campaigner.com/CSB/Public/Form.aspx?fid=1120345

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and consulting firm focused exclusively on clean energy and financial communications. Mercom’s consulting division advises cleantech companies on new market entry, custom market intelligence and overall strategic decision making. Mercom’s consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Smart Grid. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. Mercom’s communications division helps clean energy companies and financial institutions build powerful relationships with media, analysts, government decision makers, local communities and strategic partners. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://mercomcapital.com/market_intelligence.php.

###

SolarQuarter Tweets

Follow Us For Latest Tweets

Solar Quarter India's largest utility scale solar event IndiaSolarWeek is back in 2017..Read all about it at https://t.co/GsAipZRftD
Wednesday, 22 March 2017 02:04
Solar Quarter @KACOnewenergy presenting solar Inverter, storage & energy management for Global Solar Market solarbosmeet… https://t.co/NbNpMD9CHY
Friday, 10 March 2017 08:52
Friday, 10 March 2017 08:35
Solar Quarter @gangessolar goldigreen @SapaProfilesNL @hartekgroup discussing Rooftop Structure and Mounting System… https://t.co/LNfl5jduRk
Friday, 10 March 2017 08:05

Market Movers

JinkoSolar Holding Company Limi

NYQ : JKS - 25 Apr, 4:02pm
17.03
-0.18 (-1.05%) After Hours:
Open 17.00 Mktcap 539.56M
High 17.32 52wk Hight 24.04
Low 16.88 52wk Low 12.72
Vol 211171 Avg Vol 478266
Eps 2.68 P/e 2.09
Currency: USD

TerraForm Power, Inc.

NMS : TERP - 25 Apr, 4:00pm
12.68
+0.25 (+2.01%) After Hours:
Open 12.38 Mktcap 1.58B
High 12.70 52wk Hight 14.69
Low 12.38 52wk Low 7.23
Vol 537583 Avg Vol 661429
Eps -0.66 P/e
Currency: USD

Trina Solar Limited Sponsored A

NYQ : TSL - 13 Mar, 4:01pm
11.54
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 11.54
Low 52wk Low 6.91
Vol 0 Avg Vol 1.96M
Eps 1.10 P/e
Currency: USD

SolarCity Corporation

NMS : SCTY - 01 Jan,
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 58.87
Low 52wk Low 16.20
Vol 0 Avg Vol 3.64M
Eps -9.22 P/e
Currency: USD

First Solar, Inc.

NMS : FSLR - 25 Apr, 4:00pm
27.54
+0.46 (+1.70%) After Hours:
Open 27.28 Mktcap 2.87B
High 28.05 52wk Hight 62.77
Low 27.08 52wk Low 25.56
Vol 2.47M Avg Vol 3.26M
Eps 0.31 P/e
Currency: USD

SunPower Corporation

NMS : SPWR - 25 Apr, 4:00pm
6.87
+0.13 (+1.93%) After Hours:
Open 6.76 Mktcap 952.53M
High 6.92 52wk Hight 22.35
Low 6.74 52wk Low 5.84
Vol 1.38M Avg Vol 3.22M
Eps -1.00 P/e
Currency: USD

Canadian Solar Inc.

NMS : CSIQ - 25 Apr, 4:00pm
13.93
+0.25 (+1.83%) After Hours:
Open 13.69 Mktcap 805.24M
High 14.00 52wk Hight 19.65
Low 13.57 52wk Low 10.25
Vol 838307 Avg Vol 1.30M
Eps 1.55 P/e 12.44
Currency: USD

NextEra Energy Partners, LP Com

NYQ : NEP - 25 Apr, 4:02pm
33.19
-0.70 (-2.07%) After Hours:
Open 33.72 Mktcap 1.80B
High 33.88 52wk Hight 34.20
Low 33.01 52wk Low 23.90
Vol 250666 Avg Vol 379498
Eps 1.76 P/e 17.73
Currency: USD

First Trust NASDAQ Clean Edge G

NGM : QCLN - 25 Apr, 3:55pm
16.9584
+0.1084 (+0.6433%) After Hours:
Open 16.8600 Mktcap
High 16.9860 52wk Hight 17.0599
Low 16.8600 52wk Low 13.1700
Vol 6109 Avg Vol 11616
Eps P/e
Currency: USD

JA Solar Holdings, Co., Ltd.

NMS : JASO - 25 Apr, 4:00pm
6.66
+0.01 (+0.15%) After Hours:
Open 6.65 Mktcap 312.07M
High 6.73 52wk Hight 8.94
Low 6.62 52wk Low 4.42
Vol 162579 Avg Vol 472073
Eps 0.50 P/e 3.51
Currency: USD