Solar ♦ news digest
the way in building India’s installed capacity, with installations expected to at least double in 2011. The National Solar Mission, as well as state level policies in Gujarat, Rajasthan, and Maharashtra are leading to strong growth, with these three states accounting for as much as 70% of the total Indian market in 2011. Armed with the goal of installing 22 GW of new solar capacity by 2022, the National Solar Mission has sanctioned 300 MW of on-grid PV capacity to be installed through 2011 and 2012, with an additional 300 MW to be allocated in 2H’11. Though the first round of projects has experienced setbacks due to high capital costs, low returns, and regulatory hurdles, a potential restructuring of project guidelines is likely to stimulate higher success rates of future projects. As of June 2011, the on-grid pipeline of projects targeted for completion by 2013 stood at 1.5 GW. Although projected to contract in 2011 due to the phase-out of the country’s FIT program, longer-term growth potential in South Korea remains stable as new Renewable Portfolio Standards are implemented. The new RPS is expected to install 1.2 GW of new PV capacity over the next five years, although at a much slower pace than in past years. Decreased incentives under the FIT and RPS significantly slowed large ground-mount installations in 2010, paving the way for strong growth in the building- mount segments. This trend is expected to continue over the next few years, as the Korean government seeks to incentivize small and building-mount applications. The Australian government’s latest energy policy takes the form of a carbon tax, which will transition to a cap-and-trade system in 2015. The introduction of this policy comes on the heels of several dramatic policy changes, including an increase in the rate of decline for Australia’s main PV incentive program, Solar Credits, and the implosion of several state-based feed-in tariff programs. The 431% market growth in 2010 came despite an attempt by the government to reign in demand for PV installations. The economics of PV systems have been enhanced by decreasing installed system costs, due to falling global module prices, an increasing number of accredited installers, and expectations of increasing retail electricity prices. New South Wales accounted for 44% of the national market, but now faces market disruption following cessation of the Solar Bonus Scheme in April. Fragmented and stop-start solar policies remain the largest stumbling block to long- term sustainable growth for the PV industry in Australia.
Global CPV Cumulative Installations to Reach 12.5 GW by 2020
CPV is an upcoming renewable market which promises to provide cost-effective power generation at high levels of efficiency
Presently, the global CPV cumulative installed capacity is 23 MW. The technology is still developing and so most CPV projects are in the pilot or prototype stage. Guascor Foton’s Navarre power plant and Murcia power plant are the largest CPV plants with installed capacities of 7.8 MW and 2 MW respectively. Globally, Spain has the largest market for CPV installations. In the US, the major emerging companies are SolFocus, Amonix, EMCORE and Skyline Solar. European companies such as Concentrix, Abengoa Solar and ArimaEco have also started making progress in the CPV market.
The CPV market is expected to grow dramatically over the next three years. Companies that have successfully operated CPV prototype systems in pilot locations are progressing towards multi- megawatt CPV projects. With an increased understanding of CPV in terms of technology and investment, most of the players have plans for large-scale CPV projects. Companies such as SolFocus, Amonix and ArimaEco are planning to expand their production capacities in order to meet the upcoming demand. Countries such as Italy, China, Australia, India and South Korea are proving to be important emerging markets in the CPV industry. Italy’s CPV FIT program and China’s low- cost production and high DNI in western region are attracting CPV investors in these countries.
In 2010 Spain dominated the global CPV market with around 16 MW of cumulative installed capacity. Spain accounts for 70% of the global CPV installed base. Most parts of the country experience high DNI which attracts CPV installers for investments in Spain. The US follows Spain with a cumulative installed capacity of around 4.5 MW; thereby accounting for 20% of the global CPV installed capacity. Greece and Australia have also attracted CPV system installers due to a high DNI concentration. These countries account for approximately 5% and 3% of the global CPV
August/September 2011
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