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Hot 1: Global Photovoltaic Installed Capacity is Expected to Reach 414GW in 2023
According to a research report recently released by Trendforce, driven by soaring electricity prices and more competitive LCOE of photovoltaic systems, the global installed capacity of photovoltaic systems is expected to reach 414GW in 2023, while a more optimistic forecast is that it will reach 446GW. Compared with 2022, the total newly installed capacity will increase by 60.1% or 72.4%. Trendforce has once again raised its forecast value, mainly due to the accelerated growth of China’s photovoltaic market and the growth of other mature markets, as well as the growth trend of the global photovoltaic market through the third quarter of 2023.
Trendforce pointed out that China’s photovoltaic market is installing a large number of photovoltaic systems, and it is increasingly obvious that local planning and construction targets are the lower limit of actual conditions. Meanwhile, Trendforce expects that the emerging markets, such as the Middle East and North Africa, South Africa, Asia and Southeast Asia, will increase tens of gigawatts of PV systems this year, as these regions grapple with chronic power shortages.
More and more utility-scale photovoltaic systems, industrial and commercial (C&I) photovoltaic systems, residential photovoltaic systems and off-grid photovoltaic systems around the world are beginning to deploy energy storage systems. The maturity of low-cost energy storage systems and liquid-cooled battery energy storage systems has promoted the installation of photovoltaic systems.
https://news.solarbe.com/202311/03/373364.html
Hot 2: Nearly 50%! China and USA Dominate Global Photovoltaic Industry Investment
In 2022, Asia Pacific and Europe and North America accounted for 55% and 33% of global solar project development investment respectively. Within these regions, investments have been dominated by economies that have a mature solar PV market, such as China, United States of America (USA), Japan, Spain, Australia, Netherlands, South Korea, Brazil, Vietnam, Germany, and India. China and the USA have been consistently attracting the most annual solar investments, with their combined share of about 50% of all solar investments since 2015.
Only a small fraction of global investments in the solar sector are being made in emerging and developing economies such as the Middle East and Africa, Latin America, and the Caribbean. Thus, these regions are lagging behind in the race of solar energy deployment. To accelerate global investments in solar energy, it is vital to prioritize these developing and underdeveloped regions across the world that have a huge unrealized solar potential.
With respect to the solar energy value chain, investments were dominated by solar project development, which accounted for nearly 90% of total solar investments in 2022. Segment wise, utility-scale solar segment accounted for the highest investments in solar project deployment with a share of 43% followed by residential solar segment at 39% and commercial & industrial (C&I) solar segment at 18% in 2022.
While the residential segment witnessed a record growth of more than 50% in terms of both capacity installations and investments, utility segment recorded a growth of 30% and C&I segment recorded the lowest growth of 8% over 2021. The off-grid solar segment had a record investment of $746 million in 2022, an increase of 63% over 2021.
https://isolaralliance.org/uploads/docs/1885d3247cb1a2c5c86d9bf1599a66.pdf
Hot 3: 33.9%! New World Record for Perovskite Stacked Cells
On November 3, according to the latest certification report from the U.S. National Renewable Energy Laboratory (NREL), the efficiency of the crystalline silicon-perovskite stacked cell independently developed by the Chinese photovoltaic company LONGi reached 33.9 %, which is also the current highest efficiency record for crystalline silicon-perovskite stacked cells in the world.
This breakthrough in the efficiency of crystalline silicon-perovskite stacked cells is the latest progress of LONGi in 2023 after the 31.8% announced at the Shanghai International Photovoltaic Exhibition (SNEC 2023) on May 24 and the 33.5% announced at the European Photovoltaic Exhibition (Intersolar Europe 2023) on June 4. It is also another major breakthrough for the Chinese photovoltaic industry represented by this company in the field of crystalline silicon-perovskite stacked cell research.
The theoretical efficiency limit of crystalline silicon-perovskite stacked cells can reach 43%, and it is recognized as the mainstream technical solution to break through the efficiency limit of single crystalline silicon cells. The emergence of crystalline silicon-perovskite stacked cell technology has opened up a new track for the development of next-generation high-efficiency solar cell technology. This means that the same area, absorbing the same light, can emit more electricity.
https://mp.weixin.qq.com/s/3T9j7T1D3C7PCAIbmeBxig
Hot 4: Spanish Utility-scale Solar Surges to Fourth in Global Rankings
Wiki-Solar this week released a ranking of the top 19 utility-scale solar developers in the world. The data, which compiles global solar power generation by project developers as of the third quarter of 2023, shows that the number of projects under construction in Spain is growing.
Data provided by Wiki-Solar shows that as of the third quarter, there were 546 solar power plants in operation in Spain, with a power generation capacity of approximately 20.8 GW. The major project developers operating in the Mediterranean country include Enel Green Power, run by Spanish utility Endesa, as well as independent power producers such as X-Elio and Naturgy. This means, according to the data, that Spain ranks fourth behind the three giants of international players, China, the United States and India, as project developers reap returns on their investments.
https://mp.weixin.qq.com/s/6QVkjm6xnREnkS7Z3tlwYg
Hot 5: Brazil’s Distributed Solar Power Capacity Reached to 24 GW
Brazilian energy regulator Aneel said that as of the end of September, the installed capacity of Brazil’s distributed solar power generation segment reached 24 GW, including all photovoltaic systems with a scale of 5 MW and below.
Guilherme Chrispim, executive chairman of the Brazilian Distributed Generation Association ABGD, said: “The installation of the last 1 GW took nearly three months, and it is obvious that the growth rate will gradually slow down in 2023. Before the middle of the year, the monthly increase (distributed generation) capacity was 20%, which is 30% higher than the same month in 2022. This is a significant increase following the 2022 boom.”
Residential consumers account for the majority of new distributed generation capacity in both 2022 and 2023, contributing 63.38% of the 7.1 GW total capacity in 2022 and 47.46% of the 5.9 GW total capacity as of mid-October this year.
https://mp.weixin.qq.com/s/k0CXmgRazqTSCrarkdsDPA
Hot 6: Australia Will Build A Polysilicon Plant
Quinbrook acquired the land in the Eco-Industrial Estate at Townsville Lansdown through a competitive tender process run by the council. The company is proposing to build a polysilicon production plant in Lansdown, powered by a large-scale solar and battery storage project.
In addition, conditions for allocating the land include a strict project development timetable and a requirement to contribute to Lansdown’s vital infrastructure.
Quinbrook did not disclose the capacity of the polysilicon manufacturing plant and solar-storage project. The company said the projects will support the growth of solar energy in Australia and contribute to the Queensland and Australian Government’s renewable energy and critical minerals strategic objectives.
https://mp.weixin.qq.com/s/SUb3VMuv8TybL4bsotR20A
