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Analyst - Holly Hu
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  • PV Module Supply Chain Tracker
    formerly PV Integrated Market Tracker
    Jessica Jin | Karl Melkonyan | Holly Hu | Edurne Zoco, PhD | October 15, 2019
    This tracker focuses on the markets for polysilicon, solar wafers, PV cells and modules, and PV installations. It delivers independent analysis, accurate and fresh market data and informed forecasts.
    Subscribers Only
  • PV Suppliers Tracker
     Jessica Jin | Karl Melkonyan | Holly Hu | Edurne Zoco, PhD | October 09, 2019
    The PV Suppliers Tracker contains detailed data on the performance of leading companies in the PV module supply chain. It provides a detailed database of capacity, production, utilization and shipments for polysilicon, wafer, cell and module suppliers.
    Subscribers Only
  • PV Market Trend Survey - China
     Jessica Jin | Holly Hu | September 27, 2019
    The PV Market Trend Survey - China is produced monthly and relies upon real shipment and installation data collected from suppliers and installers in the world’s largest PV market, in order to provide customers with a regularly updated and accurate check on its short- and medium-term development.
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  • 2019 China PV demand clarified - on track to 43 GW
     Holly Hu | July 19, 2019
    On July 12 2019, China´s National Energy Authority (NEA) finally announced the 2019 solar PV subsidized projects by bidding process results, which clarifies the Chinese PV market. As discussed in the insight ‘Fog lifts over the Chinese PV market’, the total amount of approved projects under the bidding scheme determine the final demand for PV in China in 2019. After the latest announcement from NEA, IHS Markit reiterates its projection of 43 GW-dc for 2019 PV installations in China.
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  • SNEC 2019 - Key Takeaways
     Sam Wilkinson | Cormac Gilligan | Jessica Jin | Holly Hu | Edurne Zoco, PhD | Youmin Rong, Ph.D. | June 12, 2019
    SNEC – is the leading event in China for solar and energy storage. The scale of the event provides a crucial overview of the respective industries and the current market status in China and globally. After attending the show, the IHS Markit Solar and Energy Storage analyst team has summarised the major findings from the event.
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  • Fog lifts over Chinese PV market
     Josefin Berg | Holly Hu | April 18, 2019
    On 10 and 12 April, China´s National Energy Authority (NEA) released two notices that reduce the uncertainty over the future of the Chinese PV market: The drafts are the latest in a string of initial proposals concerning future support for renewable power generation announced in the first quarter 2019 and indicate the direction the market will take, while still leaving a large question mark over how much capacity that will eventually be installed in 2019.
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  • China announces plans for parity PV projects
     Holly Hu | Susanne von Aichberger | January 18, 2019
    On 7 January 2019, China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) released a scheme for unsubsidized PV and wind power projects. Under the new scheme, pilot projects will not receive any national subsidies, but they will receive support regarding land and financing. On 8 January, NDRC added that the decline of the PV project costs in China by 45 percent from 2012 to 2017. According to NDRC, the steady increase of the economic efficiency of solar and wind projects creates favorable conditions to bring down state subsidies and to ease pressures on subsidy funds. China aims to further reduce the cost of renewable energy power by using economies of scale and by supporting the improvement of technologies. Taking into account the statement from NDRC and NEA, IHS Markit projects unsubsidized PV will generate only little demand in China before 2020.
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  • IHS Markit revises 2018 China solar PV outlook, in light of new 2020 PV target discussions in China
     Holly Hu | November 14, 2018
    The IHS Markit 2018 outlook for China has been raised from 37 GW to 40 GW. While it appears that China will maintain a steady level of annual installations, quarterly fluctuations will continue, shaped by policy-making decisions. The total cumulative PV capacity in China is forecast to reach to 255 GW at the end of 2020, resulting in around 40 GW of installations per year in 2019 and 2020.
  • IHS Markit revises China solar PV outlook 2018 from 37 GW to more than 40 GW
     Holly Hu | November 12, 2018
    On 30 October 2018, the National Energy Administration (NEA) reported that China had added 34.54 GW of solar PV in the first three quarters of 2018. This brings the total cumulative PV capacity to 165 GW. NEA is now discussing new PV targets for 2020, with reported proposals ranging from 210 GW to 270 GW. Based on these figures IHS Markit slightly raises the 2018 outlook for China from 37 GW to 40 GW and remains optimistic that China will maintain a steady level of annual installations. Quarterly fluctuations will continue with patterns depending on policy design.
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  • IHS Markit maintains 37 GW PV forecast for China this year
     Josefin Berg | Holly Hu | August 21, 2018
    On 17 August 2018, the China Electricity Council published updated numbers on China photovoltaic (PV) connections in the first seven months of 2018. Despite the reduction in support for PV installations announced at the end of May 2018, the world's largest PV market had installed 31.3 GW of PV by the end of July. IHS Markit sees no reason to lower the installation projection for China further, but is confident in that another 6-7 GW of PV systems will be completed this year.
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  • China PV market update - impact of recent changes
     Josefin Berg | Holly Hu | June 07, 2018
    On 31 May 2018, China’s National Development and Reform Commission (NDRC), Ministry of Finance (MOF), and National Energy Administration (NEA) published a notice with the aim to curb escalating feed-in tariff payments by restricting the amount of new PV installations under national subsidy schemes. The immediate impact is to bring the Chinese PV market to a halt, curbing the distributed PV (DPV) and ground-mount projects that aimed to secure the 2018 FiT levels. DPV projects installed after 2018 will have to rely fully on the benefits of self-consumption and any local support mechanisms. Ground-mount projects not able to complete under 2017 quota within June will have to wait until 2019 to secure possible new revenues, depending on future policy decisions. The following slides outline the impact that these changes will have on 2018 PV installations in China and the rest of the World.
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  • China cuts support for solar PV and sends the supply chain into oversupply in H2 2018
     Sam Wilkinson | Josefin Berg | Holly Hu | June 05, 2018
    On 31st May 2018, immediately following the SNEC PV Power Expo in Shanghai, China’s National Development and Reform Commission (NDRC), Ministry of Finance (MOF), and National Energy Administration (NEA) jointly published the “2018 Solar PV Generation Notice”. This notice revealed major changes to the support framework for PV in China and will drastically impact the outlook for PV in China, with immediate consequences for the global supply chain.
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  • PV Market Workshop Presentation - 2018
    Shanghai, China
    Sam Wilkinson | Jessica Jin | Holly Hu | Edurne Zoco, PhD | May 30, 2018
    On 29th May 2018, IHS Markit analysts presented on key trends and developments in the PV market with a group of customers in Shanghai, China.
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  • Key Takeaways from World Smart Energy Week 2018 - The Japanese solar and energy storage market remains stable, but faces short-term challenges, as inward looking Japanese players are under increasing pressure from international rivals
     Cormac Gilligan | Holly Hu | Julian Jansen | March 14, 2018
    World Smart Energy Week – including PV Expo, Smart Grid Expo and Battery Expo – is the leading event in Japan for renewable energy and energy storage. The scale of the event provides a crucial overview of the respective industries and the current market status in Japan and Asia. Attending World Smart Energy Week in Tokyo, Japan, the IHS Markit Solar and Energy Storage analyst team has summarised the major learnings from the event.
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  • PV Module Suppliers Scorecard - 2017
     Holly Hu | Edurne Zoco, PhD | November 02, 2017
    The IHS Markit PV Module Suppliers Scorecard addresses the market need for vendor evaluation based on objective data and metrics. Our methodology produces scores that tell a nuanced story of the vendor landscape, one that conveys each player’s strengths and challenges. Based on actual data and metrics, the scores are made up of two overall categories: market presence and market momentum.
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  • Solar Workshop Presentation - 2017
    SNEC 2017, Shanghai, China
    Sam Wilkinson | Holly Hu | Edurne Zoco, PhD | April 25, 2017
    The following slides were presented by IHS Markit solar and energy storage analysts at the first IHS Markit Solar Market Workshop at SNEC 2017 in Shanghai, China.
    Subscribers Only
  • Trina Solar delists and goes private - IHS Analysis
     Holly Hu | Edurne Zoco, PhD | August 05, 2016
    On 1st August, 2016, Trina Solar announced that it had finalized a definitive agreement and plan of merger with Fortune Solar Holding Limited and Red Viburnum Company Limited, to acquire the company through an investor consortium in an all-cash transaction of approximately $1.1 billion. This will see the company delist from the New York Stock Exchange.
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  • Extension of MIP has limited impact on leading Chinese module suppliers' performance - Updated IHS analysis
     Holly Hu | Edurne Zoco, PhD | February 24, 2016
    On December 7, 2015, the European Commission launched an expiry review of anti-dumping measures in the European Union, effectively guaranteeing the extension of the minimum import price (MIP) for at least one year. The review is expected to take at least a year but the investigation must conclude within 15 months of the notice’s publication.
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  • Japan to tackle overwhelming PV pipeline
     Holly Hu | February 03, 2016
    Over the past two months, Japan's Ministry of Economy, Trade and Industry (METI) held several meetings to discuss and propose revisions to the Feed-in-Tariff policy and the possible introduction of an auction program for solar plants.
    Subscribers Only
  • Yingli Green Energy Warns of Risks to its Business - IHS Analysis
     Sam Wilkinson | Jessica Jin | Holly Hu | May 21, 2015
    On Friday 15th May 2015, Yingli Green Energy released its delayed 2014 annual report, which prompted growing concerns over its ability to continue operating. Please log in to view IHS' full analysis of this announcement.
    Subscribers Only
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