news digest ♦ Solar
to the CIGS industry, and unique chemistries for the R&D and engineering community. Both are produced as a monolithic material, bonded onto the backing tube during Indium Corporation’s unique hybrid consolidation process.
HCPV solar market to balloon to $1.6 billion in 2017
With III-V compound semiconductor technology at the forefront in terms of efficiency, a steady roadmap to 45% efficiency in five years and 50% efficiency in 10 years could be on the cards
High-concentrating photovoltaics (HCPV) is a decades-old technology which taps more of the sun’s energy than other solar methods.
This technology is poised to finally hit its stride, with a 31% compound annual growth rate until 2017, according to a Lux Research report.
The study, “Putting High-Concentrating Photovoltaics into Focus,” says that driven by emerging markets with high solar resources, the market for HCPV will grow to 697 MW in 2017. In doing so, it will create a system market worth $1.6 billion and a module market worth $700 million, reaching a system price of $2.33/W.
“HCPV has had very little success installing commercial systems to date. However, as markets shift due to subsidy cuts from distributed installations in low-DNI (direct normal irradiance) environments such as Germany, to large installations in high-DNI environments such as India, expect HCPV to grow at a faster rate than competing technologies,” says Ed Cahill, Lux Research Associate and the lead author of the report.
Lux Research analysts evaluated the emerging solar landscape and the prospects for HCPV, which uses optics such as lenses to concentrate a large amount of sunlight onto a small area of ultra high efficiency photovoltaic cells.
Funding is one of the keys to success. Well-funded companies that expand intelligently will drive the HCPV market. For example, III-V multijunction pioneer Amonix expanded too soon and too fast
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and has had to make cut backs. As the company is struggling, it has left the door open for emerging players like Soitec, SunCore, and SolFocus.
Developers are also in a race to build the most efficient solar cell. With Solar Junction’s record- breaking 43.5% efficient cell and Spectrolab and Emcore scrambling to develop inverted metamorphic cells, the competition to manufacture the most efficient solar cell is heating up. A steady roadmap to 45% efficiency in five years and 50% efficiency in 10 years is feasible says Lux.
Also, HCPV costs are coming down. HCPV systems will turn cost competitive with single-axis-tracked mc-Si (multi-crystalline silicon) in 2017, closing a 33% and 20% gap with fixed and tracked mc-Si systems, respectively. It also will gain cost parity with mc-Si for high-DNI, utility-scale projects in 2018. The cuts will come through lower shipping and labour costs, besides economies of scale.
Quarterly photovoltaic equipment market plummets 60%
According to SEMI, there is prolonged challenging environment for PV equipment suppliers
Worldwide photovoltaic manufacturing equipment billings declined for the third quarter in a row, falling another 20 percent for the quarter and 60 percent from the same quarter last year, according to the SEMI Worldwide Photovoltaic Equipment Market Statistics Report for Q1 2012.
The reported total quarterly billings of $695 million slumped to the lowest level since the start of the data collection program in Q1 2010.
The reported total bookings reversed a four-quarter declining trend, up 29 percent for the quarter to $591 million. However, the increase was due to a large one-time order in a Rest-of-World region. Excluding this one-time large order, total bookings continued the negative growth in the last four quarters, down 36 percent for this quarter.
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