Bernreuter Research says low module prices will drive demand in the second half of this year. The researchers note the shipment targets of the world’s six largest solar module suppliers, who are aiming for an annual growth rate of 40% on average.
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The US solar market had a record Q1/2024 with 11.8 GW installed, reaching a cumulative 200 GW. Manufacturing capacity increased to 26.6 GW.
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Electricity prices fell in all major electricity markets except the British and Nordic markets in the second week of June. Portugal reached an all-time daily solar production record, registering 22 GWh on June 13.
SolarPower Europe forecasts more than 1 TW of annual solar installations by 2028, but financing and energy system flexibility must be unlocked.
China‘s cumulative installed PV capacity reached 690 GW at the end of May, according to recent numbers released by the country’s National Energy Administration (NEA).
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Italy’s Q1/2024 solar PV capacity rose 62% YoY to 1,721 MW. C&I led with 595 MW, utility-scale grew 373%, residential dropped 15%.
Portuguese and Italian researchers have shown that the levelized cost of hydrogen (LCOH) is lower onshore and that PV-wind configurations reduce the LCOH up to 70%, while Lhyfe says it has started collaborating on a hydrogen storage project.