2014年11月23日星期日

Indian solar market to more than double to 1.8 GW in 2015

Indian solar market to more than double to 1.8 GW in 2015


Mercom Capital has released its India Solar Market Update, which predicts that annual installations in India will more than double in 2015 to 1.8 GW. “I've never forecast this high for India,” Mercom CEO Prabhu told pv magazine. “But that's the pipeline that we have. A lot of these are already in place.”

2014 is another story. Mercom counts only 734 MW installed in the year to date, which it predicts will rise to around 800 MW by the end of the year. This will be a 20% decline on 2013 market volume, however 2013 was also not an impressive year, with very slight market growth over 2012.

One of the problems faced in 2014 has been national elections, which delayed land acquisition for solar projects and pushed back timelines.

All of this is set to change in 2015. And while project deadlines from previous batches of the National Solar Mission (NSM) will account for some of the anticipated 2015 market volume, a strong future for India's solar market is being driven by national developments and can be traced back to new Modi Administration.
Prime Minister Narendra Modi has greatly increased national ambitions, with discussion of raising the NSM to 100 GW by 2022. This includes ramping up targets for the next few phases, with goals to install 15 GW over the next five years.

As an initial step, new guidelines for Phase 2, Batch 2 tranche 1 of the NSM call for 3 GW. Tranches have also been split into sub-sections, with 1 GW in the first part.

In India, there is always the question of whether or not increasing ambitions will be enabled with practical policy support. However, here as well the Modi Administration appears to be delivering. Chiefly, the Administration declined to act on the imposition of import tariffs on solar products for four nations, which analysts feared would stifle the nations' solar market.

In another important move, the Modi Administration is requiring states to supply the land for solar projects under the NSM. “Project developers won't have to deal with private landowners, buying land,” explains Prabhu. “That was the single biggest issue. Land is expensive, and then there are all the paperwork issues.”

Additionally, India's many state-owned companies are now responsible for meeting renewable purchase obligations, an area which has suffered from lax enforcement in the past.

For such projects the Modi Administration is requiring the use of domestically produced modules. Since this is a government procurement WTO rules prohibiting domestic content do not apply, and Modi can safely appease domestic manufacturers.

Prabhu says that the Modi Administration's seriousness about renewable energy has “percolated to states”, with both Andhra Pradesh and Karnataka already launching state auctions.

U.S. installs only 31 MW of utility-scale solar in October

U.S. installs only 31 MW of utility-scale solar in October
The U.S. Federal Energy Regulatory Commission (FERC) has released data on new utility-scale generation placed in service in October, and the numbers are not good for solar. During the month FERC counted only five utility-scale PV projects coming online, for a total of 31 MW.

This is less than 20% the monthly average of 180 MW in 2014 to date, and 2014 has not been an impressive year for utility-scale solar. The 1.8 GW of solar PV that was connected to the grid in the first ten months is 31% below the level installed in the same period in 2013, and represents only 18% of new generation.

It is important to note that FERC only counts utility-scale solar, and thus these numbers leave out the growing “behind-the-meter” segment, including rooftop solar PV systems on homes, businesses and schools.

According to FERC's statistics, the largest source of new generation in 2014 has been natural gas. The agency reports that 5.4 GW of new gas plants have come online, to represent 54% of new generation during the first ten months of the year. 

And despite the slow progress of utility-scale PV during this period, GTM Research expects that the overall U.S. PV market will grow in 2014 to 6.5 GW, a 36% increase over 2013. This could allow solar to overtake gas as the largest source of new generation.

However, it will require a very busy two months for PV installers and contractors.

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Walmart to install up to 400 more solar PV systems over the next four years

Walmart to install up to 400 more solar PV systems over the next four years
On Friday, Walmart announced that is has concluded a request for proposals and has accepted bids from SunEdison and SolarCity to install as many as 400 new solar PV systems on its facilities over the next four years. 

The company did not say what capacity this will represent, but estimates that the PV systems will meet 10-30% of the energy needs of the facilities where they will be installed.

If 400 are built and they average the same size as Walmart's existing fleet of PV, the new installations will total around 160 MW. Walmart currently has 260 operational PV plants at its stores, representing 105 MW of installed PV capacity.

This makes Walmart, the world's largest retailer, also the largest corporate user of PV in the United States. The company boasts more than double the installed PV versus its closest competitor.

SolarCity has installed more than 200 of those PV systems, in less than four years. 13 of these systems also feature energy storage, and SolarCity will be installing another 10 energy storage projects in this new round, which will feature 200 kW/400 kWh battery systems.

Walmart has been praised for its leading role in PV adoption by the Solar Energy Industries Association (SEIA). However, the family which owns a majority share in Walmart has come under fire for donating large sums to organizations that are trying to repeal renewable energy policies.

report by the Institute for Local Self Reliance published in October found that the Walton Family, which also owns 30% of First Solar, has donated more than $4.5 million to organizations that have led and/or initiated attempts to roll back state renewable energy mandates since 2010.

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On Friday, Walmart announced that is has concluded a request for proposals and has accepted bids from SunEdison and SolarCity to install as many as 400 new solar PV systems on its facilities over the next four years.

The company did not say what capacity this will represent, but estimates that the PV systems will meet 10-30% of the energy needs of the facilities where they will be installed.

If 400 are built and they average the same size as Walmart's existing fleet of PV, the new installations will total around 160 MW. Walmart currently has 260 operational PV plants at its stores, representing 105 MW of installed PV capacity.

This makes Walmart, the world's largest retailer, also the largest corporate user of PV in the United States. The company boasts more than double the installed PV versus its closest competitor.

SolarCity has installed more than 200 of those PV systems, in less than four years. 13 of these systems also feature energy storage, and SolarCity will be installing another 10 energy storage projects in this new round, which will feature 200 kW/400 kWh battery systems.

Walmart has been praised for its leading role in PV adoption by the Solar Energy Industries Association (SEIA). However, the family which owns a majority share in Walmart has come under fire for donating large sums to organizations that are trying to repeal renewable energy policies.

report by the Institute for Local Self Reliance published in October found that the Walton Family, which also owns 30% of First Solar, has donated more than $4.5 million to organizations that have led and/or initiated attempts to roll back state renewable energy mandates since 2010.

Read more: http://www.pv-magazine.com/news/details/beitrag/walmart-to-install-up-to-400-more-solar-pv-systems-over-the-next-four-years_100017256/#ixzz3JxoU0aUQ On Friday, Walmart announced that is has concluded a request for proposals and has accepted bids from SunEdison and SolarCity to install as many as 400 new solar PV systems on its facilities over the next four years. 


The company did not say what capacity this will represent, but estimates that the PV systems will meet 10-30% of the energy needs of the facilities where they will be installed.

If 400 are built and they average the same size as Walmart's existing fleet of PV, the new installations will total around 160 MW. Walmart currently has 260 operational PV plants at its stores, representing 105 MW of installed PV capacity.

This makes Walmart, the world's largest retailer, also the largest corporate user of PV in the United States. The company boasts more than double the installed PV versus its closest competitor.

SolarCity has installed more than 200 of those PV systems, in less than four years. 13 of these systems also feature energy storage, and SolarCity will be installing another 10 energy storage projects in this new round, which will feature 200 kW/400 kWh battery systems.

Walmart has been praised for its leading role in PV adoption by the Solar Energy Industries Association (SEIA). However, the family which owns a majority share in Walmart has come under fire for donating large sums to organizations that are trying to repeal renewable energy policies.

report by the Institute for Local Self Reliance published in October found that the Walton Family, which also owns 30% of First Solar, has donated more than $4.5 million to organizations that have led and/or initiated attempts to roll back state renewable energy mandates since 2010.

Read more: http://www.pv-magazine.com/news/details/beitrag/walmart-to-install-up-to-400-more-solar-pv-systems-over-the-next-four-years_100017256/#ixzz3JxoU0aUQ

UK government refuses to intervene in solar farm plans

UK government refuses to intervene in solar farm plans

News of a planning application for a solar PV park at the Pasture House Farm, between Westnewton and Aspatria in Cumbria, broke this week. The story, though, has more layers than first appears.
Both planning authority Allerdale Borough Council and the applicant, Livos Energy, confirmed news of the scheme to pv magazine.
The planning application did not state the size of the farm, however Craig Miles, planning manager at the Edinburgh office of Livos Energy, told pv magazine that was because the developer is still considering the farm's capacity. Miles added, it will most probably be around 15 to 16 MW.
Miles also confirmed the project has secured financing and a grid connection and construction is going to start as soon as possible.
Reading-based Livos Energy specialises in ground-mounted solar and wind parks and is an investor and developer. The Pasture House solar farm is a typical project, although Miles added the company does not neglect the prospect of selling assets if a good opportunity arises.
UK government refuses to intervene in planning
The story made headlines this week due to the UK government's reluctance to intervene in the project's planning process.
Initially, the Allerdale Borough Council's development panel had voted in favor of the proposal at a meeting on November 4 but at the last minute, the secretary of state for communities and local government – Eric Pickles – was asked by local stakeholders to call in the application and the decision was put on hold.
Objections were mainly based on concerns about the industrialization of the area and the visual impact the solar farm would have on the landscape.
Livos Energy replied the PV park would be on low-quality agricultural land and it would keep the site available for grazing while incorporating environmental enhancements, including a biodiversity action plan.
Pickles sent a letter to Allerdale Borough Council on Tuesday saying he has carefully considered the case against the call-in policy but the policy makes clear the power to call in a case will only be used selectively.
The government, he said, is committed to give more power to councils and communities to make their own decisions on planning issues and planning decisions should be made at a local level wherever possible. On that basis, Pickles refused to intervene and planning permission has now been granted to Livos.
UK policy changes
Should Livos Energy want the Pasture House solar farm to qualify for the current Renewables Obligation Certificates (ROC) subsidy scheme, it would need to complete the project by March.
Starting in April, the UK will move away from ROCs in favor of its Contracts for Difference (CfD) subsidy program. ROCs for PV projects after April will only be available for installations up to 4.99 MW, with the ROC scheme expected to be scrapped entirely in March 2017.
The government has also recently launched its Urban Community Energy Fund (UCEF) giving community groups in England the opportunity to bid for grants of up to £20,000, or loans of up to £130,000. The UCEF has been assigned £10 million.
The policy changes, together with a revision of the UK's FIT scheme (mainly targeting smaller installations) to be announced in 2015, are expected to impact the shape of the country's solar PV sector both in terms of the number and kind of installations and the stakeholders that comprise it.
The government's reluctance to intervene in the Pasture House solar farm case is not reflected in the country's energy policy, where the government does intervene in previously untested ways, causing winners and losers.
The forthcoming, December, issue of pv magazine will analyze the UK's path to 12 GW of PV installations by 2020, also examining the prospects for community energy and the residential and commercial rooftop sectors. An introduction to alternative plans, aiming higher than 12 GW of installations, will be included.

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Policy uncertainty paralyzes large-scale Down Under

Policy uncertainty paralyzes large-scale Down Under


New data from the renewable energy industry highlights just what impact policy certainty – or the lack of it – is having on small and large-scale markets.
Rooftop solar – largely funded by the balance sheets of Australian households and businesses – continues to surge ahead. That's helped by the fact that federal incentives – paid up front – are locked in by legislation.
The graph below shows the trend in small-scale rooftop solar systems, residential (below 10 kW and in green), and commercial-scale systems (between 10 kW and 100 kW and in blue) over the past year.
After sharp falls caused by the winding back of various state-based FITs, the deployment of solar by homes and businesses has steadied and is now growing solidly.
According to Green Energy Markets, more than 155,000 small-scale solar systems have been added across Australia this year, an average of more than 15,000 per month.
Last month, 16,729 systems were added, for a total of 75 MW (the average size being 4.2 kW), taking the total for the year to 657 MW.
Large-scale solar at a standstill
Meanwhile, construction in the large-scale renewable energy market is at a virtual standstill, thanks to uncertainty about the future of the large-scale market, which has caused bank financing to dry up, and its share of generation is also going backwards.
This is partly due to lower wind speeds, and lower hydro production, as the incentive to generate more hydro is removed because of the dumping of the carbon price and the fall in the value of LGC certificates, due to policy uncertainty.
In October, the share of renewable generation, not including rooftop solar, was 13.1 per cent. That was down from 14.2 per cent in September and 18.3 per cent a year earlier.
In the past month, just four small solar power stations and a small hydro generator were approved.
So far this year, it has been a sorry story for new developments. As this graph shows, less than 200 MW of large-scale renewable plants have been accredited in 2014.
Of those, two plants – Boco Rock wind farm and the Portland wind farm extension – were committed last year, as was the 20 MW Royalla solar farm which makes up the bulk of the solar total.
The rest of the solar component include rooftop solar projects of more than 100 kW – too big to qualify for the small-scale scheme.
Both Portland and Royalla have been supported by other schemes such as the Clean Energy Finance Corporation and the ACT (Australian Capital Territory) government's solar auction.


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Minister delights Indian expo with 100 GW eight-year aim

Optimism is in the air. That summed up the mood at the Intersolar India 2014 Expo which closed on Thursday.
The three-day Mumbai event attracted a much larger number of visitors than last year's expo and the euphoria following the election of a new government led by Indian solar champion Narendra Modi was visible.
'The worst is behind us' was the sentiment expressed by several industry stakeholders, including developers, manufacturers, balance-of-system (BoS) suppliers and service providers.
The industry had a lot to cheer about as three states – Karnataka, Telengana and Andhra Pradesh – had allotted 500 MW of solar PV projects each in the previous three weeks.
That came in addition to the 750 MW of solar projects allotted by the Ministry of New and Renewable Energy (MNRE) under the first batch of Phase 2 of the Jawaharlal Nehru National Solar Mission (JNNSM).
The new deals follow a year of drought in 2014 which saw annual solar installations hit a three-year low, accrding to analysts Mercom Capital.
If all the new projects materialize, India will see record installations of close to 2.5 GW next year.
Intersolar India was inaugurated by Nobel Prize winner Dr. Rajendra Pachauri who, in his address, said around 35% of all greenhouse gas (GHG) emissions come as a result of energy production and that renewable energy can play a huge role in bringing down GHG emissions.
90 GW of diesel gensets
In India, the installed capacity of diesel gensets is about 90 GW and the amount of diesel consumed by agricultural pump sets is also high. Close to 300 million people in India do not have access to electricity and it is in these areas decentralized and rooftop solar, as well as solar water heaters, can make a big impact.
The first day of the expo also saw the announcement of the winners of the Intersolar Awards.
Prestigious projects executed by Larsen & Toubro, Sterling & Wilson, Vikram Solar, and Waare Energies made it to the finals with Bosch Solar, Tata Power Solar and Trojan Batteries named winners.
The event took place a day after the minister of new and renewable energy had spoken about ways to increase the JNNSM targets from 22 GW to 100 GW by 2022.
Is 100 GW feasible within eight years?
Subsequent discussions centered on that jaw-dropping number with many industry insiders considering it a pipe dream after India took five years to reach the 3 GW mark.
Others were cautiously optimistic and of the view that if the challenges related to power evacuation, financing and policy challenges are addressed, the target is achievable. More optimistic figures said Modi's track record of introducing 1 GW of capacity in one state within two years meant 100 GW is a realistic prospect.
Tarun Kapoor, joint secretary of the MNRE, mentioned plans are being prepared to see how best the target can be achieved and hinted around 60% of the hoped-for 100 GW capacity addition is likely to come from utility-scale projects with the remainder from rooftop systems and other distributed PV generation.
He added subsidies for off-grid PV will be gradually phased out as generation in segments like industrial and commercial rooftops is economical without them.
Indian manufacturers expressed relief, in the belief a long project pipeline ensures the pie will be big enough for everyone.
They also felt a 100 GW aim will avert conflict over domestic content requirements.
A few of the PV manufacturing equipment vendors pv magazine spoke to mentioned they have seen more enquiries from India and they expect cell manufacturing capacity to expand this year as the expo ended up an upbeat note.

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Indian solar market to more than double to 1.8 GW in 2015

Indian solar market to more than double to 1.8 GW in 2015


Mercom Capital has released its India Solar Market Update, which predicts that annual installations in India will more than double in 2015 to 1.8 GW. “I've never forecast this high for India,” Mercom CEO Prabhu told pv magazine. “But that's the pipeline that we have. A lot of these are already in place.”

2014 is another story. Mercom counts only 734 MW installed in the year to date, which it predicts will rise to around 800 MW by the end of the year. This will be a 20% decline on 2013 market volume, however 2013 was also not an impressive year, with very slight market growth over 2012.

One of the problems faced in 2014 has been national elections, which delayed land acquisition for solar projects and pushed back timelines.

All of this is set to change in 2015. And while project deadlines from previous batches of the National Solar Mission (NSM) will account for some of the anticipated 2015 market volume, a strong future for India's solar market is being driven by national developments and can be traced back to new Modi Administration.
Prime Minister Narendra Modi has greatly increased national ambitions, with discussion of raising the NSM to 100 GW by 2022. This includes ramping up targets for the next few phases, with goals to install 15 GW over the next five years.

As an initial step, new guidelines for Phase 2, Batch 2 tranche 1 of the NSM call for 3 GW. Tranches have also been split into sub-sections, with 1 GW in the first part.

In India, there is always the question of whether or not increasing ambitions will be enabled with practical policy support. However, here as well the Modi Administration appears to be delivering. Chiefly, the Administration declined to act on the imposition of import tariffs on solar products for four nations, which analysts feared would stifle the nations' solar market.

In another important move, the Modi Administration is requiring states to supply the land for solar projects under the NSM. “Project developers won't have to deal with private landowners, buying land,” explains Prabhu. “That was the single biggest issue. Land is expensive, and then there are all the paperwork issues.”

Additionally, India's many state-owned companies are now responsible for meeting renewable purchase obligations, an area which has suffered from lax enforcement in the past.

For such projects the Modi Administration is requiring the use of domestically produced modules. Since this is a government procurement WTO rules prohibiting domestic content do not apply, and Modi can safely appease domestic manufacturers.

Prabhu says that the Modi Administration's seriousness about renewable energy has “percolated to states”, with both Andhra Pradesh and Karnataka already launching state auctions.

Bangladesh installs 3 million residential solar systems

Bangladesh installs 3 million residential solar systems


Bangladesh’s Infrastructure Development Company Ltd (Idcol) last week marked the installation of 3 million residential solar systems in the country.
According to Bangladeshi newspaper The Daily Star, the 3 million systems installed under the Idcol program in off-grid areas have a combined capacity of 135 MW. 
The newspaper reports that more than 15 million people are benefitting from the home PV systems.
The country has installed more than 3.1 million systems since May with support from the World Bank and other development agencies, according to the state-owned Idcol, which has set a target to finance six million residential solar systems by 2017 – a goal underscored by Bangladeshi Prime Minister Sheikh Hasina: "We've set a target to provide solar energy facility to three million more families over the next three years through Idcol," she said, quoted by Bangladeshi news agency UNB. Hasina described Idcol's residential solar program as one of the largest and fastest growing off-grid renewable energy programs in the world.
The Bangladeshi government is seeking to provide access to electricity to all of the country’s population by 2021. To do that, the government is looking to more than double electricity generation to 24 GW, 10% of which from renewables, according to UNB. As of August 2014, Bangladesh had an installed generation capacity of 10,618 MW, as per data from the Bangladesh Power Development Board.
Idcol has been financing residential solar systems since 2003 with the support of the World Bank and the Global Environment Facility (GEF). Other international agencies that have extended their support to the program include the Asian Development Bank, Germany’s KfW and GIZ, the Islamic Development Bank, the World Bank’s Global Partnership on Output Based Aid (GPOBA), U.S. organization USAID, the U.K.’s he Department for International Development (DFID) and the Japan International Cooperation Agency ( JICA).
Idcol is currently installing more than 60,000 residential solar systems a month, The Daily Star reported, citing Idcol.

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BNEF: global solar to grow to close to 60 GW in 2015

BNEF: global solar to grow to close to 60 GW in 2015

While the global PV market remains a difficult beast to predict, with a wide array of public policy variables impacting on demand across a host of countries, BNEF expects annual installed capacity to increase by more than 20% in 2015. BNEF forecasts that by the end of 2014 an additional 48.4 GW of solar generating capacity will have been added to global grids.
The key drivers for global growth, on a national level, remains to be China and Japan with BNEF expecting  13 GW to 14 GW and 9 GW to 11 GW to installed respectively in 2014. China, in particular, is seeing an end-of-year boom with BNEF expecting a whopping 8 PW to 9 GW of PV to commissioned in China in Q4 2014 alone.
“There was a 6 GW quota given to what [the Chinese government] called ‘transmission grid connected projects,’ at the beginning of the year – and those were going ahead without any problem,” said BNEF’s head of solar analysis Chase. “The big question was all about the 8 GW quota for ‘distribution grid connected PV projects’ – and for those the economics didn’t really make sense until early September when the government changed the rules.”
BNEF’s Chase reports that many Chinese project developers were waiting for such a rule change and were ready to go with projects planned and designed.
“There were a large number of projects that were in project planning that were waiting for this [rule change to ‘distribution grid connected projects’] to happen. So I am pretty optimistic that something like 8 or 9 GW of projects can be commissioned in the Q4,” Chase told pv magazine. “It is quite a lot.”
BNEF analysis indicates that supplying these projects remains profitable for Chinese module producers.
“I think it is still marginally profitable for the low cost suppliers,” said Chase. “We are hearing prices in the low $0.60/W, which in big enough volumes is still worth doing.” Such prices work with volumes above 10 MW, according to BNEF analysis.
Elsewhere European markets remain slow, and BNEF is less bullish than some other analysts on the UK market in 2014. It expects between 2.5 GW and 2.8 GW to be installed in 2014. Chase reports that it is still uncertain as to whether the “Contracts for Difference” (CfD) scheme, which is replacing ROCs in May 2015, will deliver any significant volume to PV developers.
Looking towards emerging PV markets, Chile looks set to approach GW-market status in 2015. BNEF forecasts between 470 MW and 570 MW to go into Chile in 2014, growing to between 800 MW and 975 MW in 2015.
The Indian market too will grow, according to the BNEF forecasts. From 892 MW to 1.1 GW in 2014, the Indian market looks set to double in size in 2015 – to 2.6 GW to 3.2 GW. Power generation for onsite use, in India, is a particularly interesting emerging market in India, says Chase.
“Even though the typical grid price for electricity in India is not particularly high, a lot of companies have these ‘captive power plants’ for reliability and because in India some commercial enterprises subsidizes the residential sector,” said Chase. “And this provides an incentive for companies to sign PPA with a solar plant.”
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hile the global PV market remains a difficult beast to predict, with a wide array of public policy variables impacting on demand across a host of countries, BNEF expects annual installed capacity to increase by more than 20% in 2015. BNEF forecasts that by the end of 2014 an additional 48.4 GW of solar generating capacity will have been added to global grids.
The key drivers for global growth, on a national level, remains to be China and Japan with BNEF expecting  13 GW to 14 GW and 9 GW to 11 GW to installed respectively in 2014. China, in particular, is seeing an end-of-year boom with BNEF expecting a whopping 8 PW to 9 GW of PV to commissioned in China in Q4 2014 alone.
“There was a 6 GW quota given to what [the Chinese government] called ‘transmission grid connected projects,’ at the beginning of the year – and those were going ahead without any problem,” said BNEF’s head of solar analysis Chase. “The big question was all about the 8 GW quota for ‘distribution grid connected PV projects’ – and for those the economics didn’t really make sense until early September when the government changed the rules.”
BNEF’s Chase reports that many Chinese project developers were waiting for such a rule change and were ready to go with projects planned and designed.
“There were a large number of projects that were in project planning that were waiting for this [rule change to ‘distribution grid connected projects’] to happen. So I am pretty optimistic that something like 8 or 9 GW of projects can be commissioned in the Q4,” Chase told pv magazine. “It is quite a lot.”
BNEF analysis indicates that supplying these projects remains profitable for Chinese module producers.
“I think it is still marginally profitable for the low cost suppliers,” said Chase. “We are hearing prices in the low $0.60/W, which in big enough volumes is still worth doing.” Such prices work with volumes above 10 MW, according to BNEF analysis.
Elsewhere European markets remain slow, and BNEF is less bullish than some other analysts on the UK market in 2014. It expects between 2.5 GW and 2.8 GW to be installed in 2014. Chase reports that it is still uncertain as to whether the “Contracts for Difference” (CfD) scheme, which is replacing ROCs in May 2015, will deliver any significant volume to PV developers.
Looking towards emerging PV markets, Chile looks set to approach GW-market status in 2015. BNEF forecasts between 470 MW and 570 MW to go into Chile in 2014, growing to between 800 MW and 975 MW in 2015.
The Indian market too will grow, according to the BNEF forecasts. From 892 MW to 1.1 GW in 2014, the Indian market looks set to double in size in 2015 – to 2.6 GW to 3.2 GW. Power generation for onsite use, in India, is a particularly interesting emerging market in India, says Chase.
“Even though the typical grid price for electricity in India is not particularly high, a lot of companies have these ‘captive power plants’ for reliability and because in India some commercial enterprises subsidizes the residential sector,” said Chase. “And this provides an incentive for companies to sign PPA with a solar plant.”