According to the U.S. Energy Information Administration (EIA)'s latest "Preliminary Monthly Inventory Report for Power Generation Equipment", the U.S. grid will add 46.1 GW of utility-scale power capacity in 2022, of which 21.5 GW is expected to be solar power generation capacity. More than the 15.5 GW of solar capacity added in the U.S. in 2021. Zacks Equity Research, a well-known US investment and research institution, believes that this is mainly due to the rapid transformation of the world to a net-zero emission environment driven by strong growth in demand for clean energy, which is the main catalyst supporting the solar industry. Additionally, falling prices, heavy corporate investment and a booming energy storage market have recently played a vital role in strengthening the U.S. solar industry. According to a report released by the Solar Energy Industries Association (SEIA), as of 2020, the past decade. The cost of installing solar equipment has dropped by more than 70%. Its latest "Solar Business Report" also shows that driven by US corporate investment, solar power generation capacity has increased to 8,300 megawatts, an increase of about 20 times over the past decade. In addition, the booming energy storage market is also driving the development of the US solar industry. Wood Mackenzie, an internationally renowned energy consulting firm, once said that the United States is a global leader in the field of energy storage and is expected to account for 40% of the world's total energy storage by 2030.
Germany's new economy and climate minister wants a massive expansion of renewable energy. However, some of his recent planned measures could be controversial: a planned solar roof obligation, for example. The new Federal Minister for Economics and Climate Protection Robert Habeck (the Greens) wants to speed up climate protection and take immediate and comprehensive measures. German news agencies have learned from the ministry that the cabinet will decide on the first package of emergency laws and several items by April. Overall, the "immediate climate protection plan" containing all laws, regulations and measures will be completed by the end of 2022, so that all measures will come into effect from 2023. German climate protection seeks massive backlog Habeck unveiled new documents on climate protection in Berlin last Tuesday, which show that Germany's climate protection has fallen short of expectations, and the 2022 climate target is likely to be missed, as will 2023. The ministry believes that Germany has a "massive backlog" in terms of climate protection, so measures must be taken now! Planned immediate measures should include mandatory solar roof obligations for new buildings and a new financing scheme for green hydrogen, as well as amendments to the Renewable Energy Act (EEG). In addition, Germany will increase the number of tenders for power generation from renewable sources such as wind and solar. After all, the Traffic Light Alliance wants to increase the share of electricity generation from renewables to 80% by 2030. According to preliminary calculations by industry associations, this proportion will reach only 42% in 2021. In addition, according to the "Onshore Wind Law", 2% of the land in Germany will be included in the range where wind turbines can be installed, which will be much more than before. In addition, the expansion of wind energy should be "coordinated" with species conservation and should create prerequisites for expediting planning and approval processes. Household electricity is getting more expensive Billions of billions of green energy surcharges will be funded through the federal budget from 2023, under the terms of the Traffic Light Coalition's ruling agreement. This will ease the electricity bills consumers have to pay. However, at present the electricity bills that German households have to pay continue to rise due to the increase in wholesale electricity prices: according to the comparison portal Check24, at least 682 basic e-commerce companies have increased or announced price increases. On average, up to 68.1% of contracts in the market face price increases
The French Transitional Ministry of Ecology and Solidarity announced the results of the 13th round of tenders for 324 MW of commercial and industrial rooftop solar power generation capacity. The commercial solar energy power system has a capacity between 100 kilowatts and 8 megawatts. The Ministry has allocated 211 megawatts of rooftop solar energy generators for category A projects, ranging from 100 kilowatts to 500 kilowatts. The tender found that the average electricity price of Type A projects was 87.25 euros (approximately US$98.86)/MWh. For the capacity of 500 kilowatts to 8 megawatts, the category B roof project won the bid for about 113 megawatts. The tenderee found that the average electricity price of a Type B roof project was 76.66 euros (approximately US$86.86)/MWh. Of the 13.2 GW of solar electricity generation system capacity, 12.58 GW of solar power generation capacity is located in mainland France. Nouvelle Aquitaine has a maximum capacity of 3.16 GW. The installed solar capacity of Occitanie and Auvergne Rhône Alpes are 2.58 GW and 1.44 GW, respectively. In 9 million by 2021, France's solar power generation capacity reached 12.5 trillion kilowatt-hours, an increase of 9% year-on-year. It accounts for 3.7% of total electricity consumption in France.
After several years of nearly stagnant annual growth, India's rooftop solar energy power system market is showing signs of improvement. According to a report by the consulting company Bridge To India, the annual growth rate of commercial and home solar systems in India has almost stagnated between 100-200MW before 2020, but it is now gradually increasing. The report pointed out that the main reason for the expansion of the home solar power system market may be a subsidy program of India's Ministry of New and Renewable Energy (MNRE). MNRE's goal for the on grid solar system 20kw project is to install 4 GW by December next year. It is currently in the second stage. According to this plan, a 40% subsidy will be provided for the first 3 kW 5Kw solar panel system capacity of the rooftop photovoltaic system, and then a 20% subsidy will be provided up to 10 kW. The Bridge To India report stated that due to the steady improvement of consumer awareness, affordability, financial feasibility and financing options, as well as the entry of large solar installers, the development of the solar powered market has been promoted. In addition, the free net metered electricity price in most states is also the reason for the increase in investment in residential rooftop solar. In the 15 states of India, about 90% of households consume 300kwh monthly average marginal electricity price of 7.18 Indian rupees/kwh (0.096 US dollars), and the effective internal rate of return (IRR) of the 3kW system is 8.3%. Taking into account the national level and bottom-up market analysis, and the current grid electricity prices, demographics, the number of independent houses, and the financial feasibility of residential solar energy. The study predicts that by 2030, the target market for residential solar energy will reach approximately 52 million households, accounting for 10% of urban independent households. Under the assumption that the system cost will drop by 5% per year and the grid electricity price will drop by 3% per year, by 2030, the residential photovoltaic power generation capacity will reach 16.2GW. It is estimated that as of June 2021, only about 0.4% of independent urban households (400,000) in India’s thousands of households have installed rooftop solar, that is, about 1292MW of residential rooftop photovoltaic. This only accounts for 17% of the total rooftop solar capacity (including commercial and industrial), and only 2.9% of the country's total solar capacity.
After several years of nearly stagnant annual growth, India's rooftop solar energy power system market is showing signs of improvement. According to a report by the consulting company Bridge To India, the annual growth rate of commercial and home solar systems in India has almost stagnated between 100-200MW before 2020, but it is now gradually increasing. The report pointed out that the main reason for the expansion of the home solar power system market may be a subsidy program of India's Ministry of New and Renewable Energy (MNRE). MNRE's goal for the on grid solar system 20kw project is to install 4 GW by December next year. It is currently in the second stage. According to this plan, a 40% subsidy will be provided for the first 3 kW 5Kw solar panel system capacity of the rooftop photovoltaic system, and then a 20% subsidy will be provided up to 10 kW. The Bridge To India report stated that due to the steady improvement of consumer awareness, affordability, financial feasibility and financing options, as well as the entry of large solar installers, the development of the solar powered market has been promoted. In addition, the free net metered electricity price in most states is also the reason for the increase in investment in residential rooftop solar. In the 15 states of India, about 90% of households consume 300kwh monthly average marginal electricity price of 7.18 Indian rupees/kwh (0.096 US dollars), and the effective internal rate of return (IRR) of the 3kW system is 8.3%. Taking into account the national level and bottom-up market analysis, and the current grid electricity prices, demographics, the number of independent houses, and the financial feasibility of residential solar energy. The study predicts that by 2030, the target market for residential solar energy will reach approximately 52 million households, accounting for 10% of urban independent households. Under the assumption that the system cost will drop by 5% per year and the grid electricity price will drop by 3% per year, by 2030, the residential photovoltaic power generation capacity will reach 16.2GW. It is estimated that as of June 2021, only about 0.4% of independent urban households (400,000) in India’s thousands of households have installed rooftop solar, that is, about 1292MW of residential rooftop photovoltaic. This only accounts for 17% of the total rooftop solar capacity (including commercial and industrial), and only 2.9% of the country's total solar capacity.
Tanzanian Prime Minister Majaliwa called on private companies to increase investment in renewable energy such as wind energy and solar energy system and generation at the 2021 CEO roundtable meeting in Tanzania. Tanzania’s mainstream media "Citizen" and "Guardian" reported on December 6 that Tanzanian Prime Minister Majaliwa called on private companies to increase investment in wind and solar power projects at the 2021 CEO roundtable meeting in Tanzania. Prime Minister Majaliwa said that the central region of Tanzania has abundant and untapped wind energy resources, and enterprises must fully tap the potential of renewable energy to alleviate the current power supply shortage. Prime Minister Majaliwa also hopes that Tanzanian entrepreneurs will introduce Tanzania’s investment opportunities to foreign investors and attract foreign investment in renewable energy, agriculture, forestry, animal husbandry and fishery, thereby creating jobs and introducing new technologies. He promised that the government will continue to invest in investment. To create a good business environment.
According to data from the Polish Renewable Energy Organization (IEO), the Polish photovoltaic market is expected to grow strongly in the past ten years and reach 30 GW of installed capacity by the end of 2030. Experts also predict that despite the upcoming contraction of the distributed power generation market, the country's cumulative power generation capacity will increase from the current level of approximately 6.3 GW to 10 GW by the end of next year. In 2021, small residential Solar Energy Systems will account for approximately 2 GW of newly deployed capacity. However, IEO analysts explained that this year's growth is mainly due to the approach of the end of the year, because the current net metering tariff rules and incentives will expire at the end of December. They said: "Starting from 2022, the consumer market may begin to be saturated, and thereafter it will develop steadily every year, with an average annual growth rate of not more than one gigawatt." The utility-scale solar energy segment will maintain the upward trend of the Polish solar energy industry. It is predicted that the power generation in this segment is equivalent to the installed capacity of distributed power generation from 2023 to the turn of 2024. In addition, large consumers in the Polish energy sector are increasingly interested in industrial and commercial self-use projects, and the proportion of such projects will reach 10% by the end of 2023. The IEO report concluded: "The challenge for the photovoltaic market is to expand the grid and increase its flexibility at all voltage levels." In the last report released in March, the organization stated that Poland's photovoltaic power generation capacity is expected to reach 14.93 GW by 2025. Currently, the country is committed to supporting solar development through auction plans and rooftop photovoltaic incentives.
The 1.2 GW solar panel assembly plant of the Saudi power company Bin Omairah Holding in the Tabuk Industrial Zone, the capital of the Tabuk region in northwestern Saudi Arabia, has been put into operation. "This new plant will produce monocrystalline PERC PV modules," the company's CEO Fahad Bin Omairah told Photovoltaics. "We will target markets such as the Gulf Arab Cooperation Council (GCC) countries, the United States, Europe and Africa." This plant will mainly produce M3 Full cell solar panels, M10 half cell solar panels, and M12 solar panels with a 1/3 cut design. Bin Omairah further explained, "Their rated power ranges from 320 to 800 W." The total investment in the new plant is 700 million riyals (US$186.9 million). "This factory aims to promote investment in solar energy and diversify our country's energy structure. It can also integrate with relevant government agencies and the private sector to support the creation of a domestic renewable energy industry," Saudi Arabia's Ministry of Industry and Mineral Resources Deputy Minister Osama bin Abdulaziz Al-Zamil commented.
According to today's oil price website, October 26 news, Resta Energy analysis shows that the surge in manufacturing materials and transportation costs may affect the 50 GW (56%) of the global utility photovoltaic development plan in 2022. Rising commodity prices and supply chain bottlenecks may cause the delay or even cancellation of some of these projects, thereby affecting the demand for solar power generation and consumer pricing. Driven by the increase in the price of core solar cells, the manufacturing cost of Solar Module has soared from less than US$0.20 per watt (Wp) in 2020 to US$0.26-0.28 per watt in the second half of 2021, an increase of nearly a year. 50%. An important driver of this surge is the cost of polysilicon (the core component of photovoltaic manufacturing) has risen by more than 300%. In addition, since January 2020, other raw materials (silver, and, and) have also steadily climbed, increasing the pressure on module prices. David Dixon, senior renewable energy analyst at Resta Energy, said: "Just a few days before COP26, the utility solar industry is facing one of the most severe challenges. The current bottleneck is not expected in the next 12 months. This means that developers and offtakers will have to decide whether to reduce profit margins, postpone the project or increase the offtake price in order to achieve financial settlement of the project." In addition to rising material costs, transportation is another element in the supply chain, which poses huge challenges for developers and module suppliers. Transportation costs continue to rise, playing a greater role in overall production capital expenditures. Before 2021, photovoltaic transportation costs have the least impact on overall production costs. However, shipping delays and bottlenecks during the epidemic caused prices to rise by nearly 500%, from US$0.005 per Wp in September 2019 to US$0.03 per Wp in October 2021. Modules and related transportation costs usually account for one-quarter to one-third of the total capital expenditure of the project, which together constitute the largest item of project costs. When the module cost and transportation cost increase, it will have a significant impact on the project economy.
Fluence Energy, an energy storage technology company backed by German Siemens, plans to go public (IPO) in the United States to raise US$744 million. The company said it hopes to issue 31 million shares at a price of between $21 and $24 per share. Fluence's listing plan comes at a time when global investors and legislators are pushing for more sustainable and environmentally friendly business practices amid rising climate change concerns. In January 2018, AES Group's energy storage department and Siemens battery energy storage business formed a joint venture to establish Fluence Energy.