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CPUC officially rules to maintain retail net metering in California - IHS AnalysisJanuary 29, 2016On Thursday 28 January 2016, the California Public Utilities Commission (CPUC) officially ruled to maintain retail net metering in California with a 3-2 vote. The new legislation is dubbed net energy metering (NEM) 2.0 by the industry.Subscribers Only
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Indian cabinet approves funding for 5 GW of new solar projects - IHS analysisJanuary 27, 2016The Cabinet Committee on Economic Affairs (CCEA) has approved the funding of 5,000 MW of grid connected solar PV projects in India as part of Batch IV, Phase II of Jawaharlal Nehru National Solar Mission (JNNSM).Subscribers Only
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US ITC Extension Impact on the Solar Industry - January 2016January 26, 2016This presentation summarises how the renewal of ITC in the United States impacts the global solar industry in terms of both demand and supply. The presentation was delivered by Ash Sharma, Sam Wilkinson and Camron Barati via an online webinar.Subscribers Only
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Global Solar Industry Saved from 2017 Cliff-Edge as US Set to Extend Solar ITCDecember 16, 2015In the early hours of this morning, the U.S. Congress agreed on a bill that would see the solar Investment Tax Credit (ITC) extended by an additional five years, as part of a $1.15 trillion spending bill. The House is expected to vote on the legislation on Thursday or Friday. Although sudden opposition could block immediate approval of the full bill, it looks close to certain that the ITC extension will go ahead.
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First Solar PV module supply agreement shows confidence in the United States utility-scale market in 2017-2018November 05, 2015On 29 October 2015, First Solar announced it had struck a deal with Strata Solar to supply 400 MW of thin film PV modules, with delivery expected from 2017 into 2018 for projects in the Southeastern United States. The deal showcases confidence in the United States utility-scale solar market after the impending cut to the Investment Tax Credit (ITC) and the importance of emerging state markets for companies seeking to grow their business beyond 2016.Subscribers Only
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IHS warns of Potential Solar Wafer Supply Shortage in 1H 2016October 29, 2015Due to rapid growth in solar installations in 2015, and forecasts for another record year for installations in 2016 IHS has flagged a potential solar wafer supply shortage throughout the entire supply chain. This concern comes despite recent announcements of large capacity expansions in diverse geographical locations from leading solar module suppliers.Subscribers Only
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UK mulls new subsidy cut for solar PV - IHS AnalysisJuly 24, 2015On Wednesday 22 July 2015, the UK Department of Energy and Climate Change (DECC) launched consultations on planned restrictions of subsidies under the Renewable Obligations (RO) scheme for PV projects of up to 5 MW and on changes to the FiT scheme. The consultation will end on 2 September 2015.Subscribers Only
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KKR acquires majority stake in Gestamp SolarJuly 21, 2015On 21 July 2015, private equity firm KKR announced it was acquiring 80% of solar developer Gestamp Asetym Solar S.L. (Gestamp Solar) from Gestamp Renewables. The transaction values Gestamp Solar at $1 billion. Through the partnership, KKR and Gestamp plan to pursue up to 2.5 GW of PV projects over the coming five years.Subscribers Only
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French utility Engie buys PV developer SolairedirectJuly 06, 2015On 1 July 2015, French utility Engie (formerly GDF Suez) announced the acquisition of compatriot solar developer Solairedirect for €200 million. Engie takes a 95% stake in Solairedirect, leaving the remaining share with the founders. The acquisition follows Solairedirect’s withdrawn IPO earlier this year.Subscribers Only
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Unprecedented Solar PV Boom in the UK in Q1 2015, IHS SaysApril 29, 2015According to IHS Inc., at least 110 photovoltaic (PV) projects with a combined capacity of 1.6 GW were completed in the United Kingdom in the first quarter (Q1) of 2015, prior to the end of the Renewable Obligations (RO) scheme for projects larger than 5 megawatts (MW).
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South Africa awards 415 MW of PV - mulls 1.8 GW additional renewables tenderApril 17, 2015On 16 April 2015, South Africa’s Department of Energy (DoE) announced the winners of Round 4 of the Renewable Energy IPP Programme (REIPPP). A total of 415 MWac were awarded to solar PV projects out of 1.1 GW of overall capacity. The DoE also announced plans for an extraordinary bid window for 1.8 GW of renewable power generation capacity in June 2015, in addition to Round 5, which is scheduled for 2016. Additionally, the DoE announced the ambition to arrange future procurement rounds for in total 6.3 GW of renewable power generation capacity.Subscribers Only
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UAE business group acquires global PV developer FRV - IHS AnalysisApril 16, 2015On 8 April 2015, Abdul Latif Jameel Energy and Environmental Services (Abdul Latif Jameel Energy) announced the acquisition of global PV developer and plant owner Fotowatio Renewable Ventures (FRV) from previous owners Denham Capital, Qualitas Venture Capital and the company founders.Subscribers Only
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Egypt announces string of power investment agreements, including 5 GW of PV projectsMarch 17, 2015During the Egypt Economic Development Conference (EEDC) on 13 to 15 March, 2015, the government signed more than 40 Memoranda of Understanding (MOU) with power plant developers, including agreements on coal, wind, solar and hydro generation. Two of these MOUs were signed with solar PV developers SkyPower Global SARL (SkyPower) and Terra Sola Group AG (Terra Sola) to develop a combined PV capacity of up to 5 GW. In parallel, Egypt has started signing land use agreements for PV projects developed under the feed-in tariff scheme launched in December 2014.Subscribers Only
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IHS scales down Saudi Arabia Solar PV outlook on revised target milestoneJanuary 21, 2015Saudi Arabia has postponed the roll-out of its renewable power program by eight years, setting the milestone for its capacity targets to 2040, according to reports quoting Hashim Yamani, president of the King Abdullah City for Atomic and Renewable Energy (K.A.CARE).
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Solar Capacity in Central America to Surge, as Tenders Put Region on the Photovoltaic MapSeptember 11, 2014Set to install an impressive 1.5 gigawatts (GW) of photovoltaic (PV) capacity within a six-year period through 2018, Central America is attracting attention from PV developers from around the world, according to a new report from IHS Technology (NYSE: IHS).
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US and Chinese Solar EPC Companies Continue to Dominate in Global PV InstallationsAugust 06, 2014The world’s 10 largest photovoltaic (PV) Engineering, Procurement and Construction (EPC) companies are set this year to install a combined 8 gigawatts (GW) of solar capacity, equivalent to 20 percent of the world’s non-residential PV demand, according to a new report from IHS Technology (NYSE: IHS).
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Wind developers to determine the fate of UK utility-scale solar under the CfD scheme.July 25, 2014“The announced preliminary Contracts for Difference (CfD) budget of £50 million would allow for at most 800 MW of utility-scale PV in the first allocation round, but the real opportunity for solar PV projects will fully depend on the participation rate of competing onshore wind projects
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Solar Expectations Rise for Brazil as Auctions AnnouncedJuly 08, 2014Brazil’s plan to auction 3.5 gigawatts (GW) of photovoltaic (PV) capacity through 2018 comes as welcome news for the global solar industry as the ambitious plan is expected to catalyze solar growth in Latin America, according to a new report from IHS Technology (NYSE: IHS).
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UK dominates Europe large scale PV activity in 2014 – Government review to spark 3 GW rushMay 28, 2014“After 7th July 2014, we will know the outcome of the consultation process to revise the support for large-scale PV plants in the UK that the Department of Energy & Climate Change (DECC) opened in May. If the result of the process is a sharp end to the ROC scheme for large-scale solar projects on 1 April 2015, we expect a huge rush to beat the deadline and a surge in ground-mount PV installations in the UK in the next nine months.
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TBEA SunOasis Set to Overtake First Solar as World’s Largest Solar EPC Company in 2014May 15, 2014U.S.-based First Solar delivered on expectations in 2013 to become the leading Engineering, Procurement and Construction (EPC) company in the global photovoltaic (PV) industry, even though it is likely to be surpassed in 2014 by Chinese EPC TBEA SunOasis, according to a new report from IHS Technology.
