.: Solar Without Subsidies: Installations Grow to 38.3 GW :.
Solar installations will stall this year, but make rapid strides in emerging markets and find sustained growth without government subsidies, says Lux Research.
After recent explosive growth capped by a 66 percent surge to 26.5 GW in 2011, solar installations will grind to a near halt this year — adding a mere 0.4 GW, totaling 26.9 GW of new installations — while industry revenues drop from $110 billion in 2011 to $92 billion in 2012 due to crashing prices. However, new installations rebound to 38.3 GW in 2017 as the industry learns to navigate a global market fast losing its subsidies, according to a Lux Research report.
A supply glut, caused mainly by Chinese manufacturers, speculation of incentive cuts in Europe, and the end of the 1603 Cash Grant in the U.S. fueled the sharp growth in installations last year. “The solar industry’s storied history has created a massive misperception of technology maturity and commodity status,” said Matthew Feinstein, Lux Research Analyst and the lead author of the report.
“Opportunities remain and extended success is possible for stakeholders, but the market’s shifting geographic profile – combined with a forced withdrawal from subsidy addiction – means strategic, surgical moves are needed,” he added.
Lux Research analysts ran a levelized cost of energy (LCOE) analysis in 156 separate geographies, accounting for 82 percent of the world’s population, calculating internal rates of return, to determine the viability and competitiveness of solar in each market. That model and methodology is part of the Lux Research Solar Demand Forecaster. Among their conclusions:
* Emerging markets more than quadruple in size
* Utility-scale application segment grows
* Oversupply still a possibility
* Securitization boosts smaller installations
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.: DuPont and Yingli Enter Strategic Agreement :.
Commitment to Supply Growing Solar Market Underscores Aim to Reduce Global Dependence on Fossil Fuels
** DuPont and Yingli Energy China Company Limited (Yingli China) have signed a $100 million strategic agreement for photovoltaic materials aimed at accelerating the adoption of solar energy to address one of the world’s biggest challenges – reducing dependence on fossil fuels. Yingli China is a wholly owned subsidiary of Yingli Green Energy Holding Company Limited (Yingli), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers.
“At Yingli, we have a long-standing commitment to global social responsibility to make solar energy an affordable option for everyone,” said Liansheng Miao, chairman and chief executive officer of Yingli. “The agreement we have signed with DuPont assures our supply of critical, high-quality materials and our continued collaboration on further technological advances to optimize the performance of our solar modules, which illustrates our mission to be a cost leader and provide the best products to customers at the same time.”
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.: Panasonic: The New Energy Company :.
** 1. Growth of Solar Industry
The first trend, a very powerful trend, is the growth of solar energy for home, business, and government. It’s a very positive trend, driven by the falling cost of deploying solar panels and the higher efficiency that solar is able to make converting the sun’s energy into electricity.
Solar can still cover the costs over a reasonable lifetime under less than optimal conditions.
** 2. Smart Products and Homes
More and more entrepreneurs and companies like ours are making products that are smart products that can be networked and literally talk to each other.
** 3. Recycled Content and Resource Conservation
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