Global solar PV additions to rise to 110 GW in 2020: Platts Analytics

21/02/2020 09:26 Solar


Global solar photovoltaic capacity additions are set to rebound in 2020, but thereafter annual growth could stall, according to a report released by S&P Global Platts Analytics.

The report forecasts global additions of 110 GW this year, an increase of 10% compared with 2019.


Analyzing some 60 GW of solar auctions in 2019, the report puts the weighted average of results around the mid-$40s/MWh, with "caution required" when considering record-low bids amid signs of "fierce competition among developers," especially for utility-scale projects.


China continues to dominate the market both in terms of domestic installations and manufacturing, the report said.


In 2019, installations plunged to 30 GW after a sharp cut in subsidies was announced in May 2018, but picked up towards the end of last year, with 14 GW of capacity added in the final quarter.


A rebound for solar in Europe is also expected despite a more conservative forecast for the region, it said.


Increasing tender activity, interest in power purchase agreements, together with lower module prices, "have enabled a new solar renaissance," according to the report, which adds that utility-scale investments look set to remain solid, although Platts Analytics says there are uncertainties over the growth in France and Italy.


Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.


Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.


Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.