8 Solar Trends to Follow in 2015

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Every quarter, GTM Research’s solar analysts compile the most important data and findings from the past three months.  The most important charts from the Q4 2014 Solar Executive Briefing covering pricing, installations, financing, policy and business models follow.

1. The new China solar tariff decision may drive panel prices below 65 cents per watt this year.

Earlier this month, the U.S. Department of Commerce filed its preliminary review of the import tariffs on Chinese cells into the U.S. The review called for tariffs on Chinese cells to be reduced, and assuming the final decision doesn’t stray too far from the review, GTM Research expects U.S. module prices to fall to 64 cents per watt this year.

2. High-efficiency module technologies are gaining steam.

According to GTM Research’s Shyam Mehta, the shift is “driven by the increased value proposition of high efficiency relative to module costs, an end-market mix shift toward rooftop applications, and reduced all-in costs for high-efficiency products.”

3. The megawatt-scale solar operations and maintenance (O&M) market still looks like the Wild West.

Dozens of companies are fighting for market share in the operations and maintenance market, from inverter and module manufacturers to developers and EPCs (engineering, procurement and construction). Everyone wants a piece of the O&M (Operations & Maintenance) pie.

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4. Grid integration is becoming an increasing focus for inverter manufacturers.

Inverter manufacturers are beginning to design solutions to help alleviate some of the integration challenges facing utilities. The chart below highlights a few markets with high PV penetration relative to electricity generating capacity.

5. Net energy metering is becoming popular outside of the U.S.

Net energy metering has helped grow distributed generation PV markets in the United States, and other countries have started to take notice. GTM Research’s Adam James highlights a few NEM (Net Energy Metering) proposals across three continents that aren’t North America.

6. More than 4 gigawatts of utility-scale solar have been procured outside of RPS requirements in the past twelve months.

GTM Research’s Cory Honeyman attributes the success of projects outside RPS (Renewable Portfolio Standard) guidelines to utility-scale PV’s competitiveness with natural-gas alternatives.

7. Best-in-class residential solar will be installed for less than $3 per watt this year.

The largest cost difference between best-in-class installers and the rest of the market comes from labor and supply chain savings.

8. Loans are the hottest thing in U.S. residential solar.

As reported last year, the market share for residential solar leases peaked in 2014 as loans have emerged and shifted the market back toward direct ownership. Solar Analyst Nicole Litvak developed a taxonomy of companies offering residential solar loans in the U.S.

 

Citation: Munsel, M. (2015, January 22). The Most Important Trends in Solar 8 Charts. Retrieved January 25, 2015, from http://www.greentechmedia.com/articles/read/The-Most-Important-Trends-in-Solar-in-8-Charts

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Lower Austria’s New Year Resolution: 100 Percent of Electricity from Renewable Energy by 2015

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Lower Austria Minister for Energy Dr. Stephan Pernkopf stated that “We want to achieve this goal together.”

This year, the province of Lower Austria wants to become powered  by 100% renewables, that is, by water, wind, biomass and solar power.

“Power saving is important because every kilowatt hour saved must not be generated. The more people support the energy movement in Lower Austria, the faster we will reach our goal, ” said Lower Austria Minister for Energy Dr. Stephan Pernkopf.

Dr. Herbert Greisberger, Managing Director of Energy and Environment Agency Northeast, adds, “Even small resolutions have big impacts, even if it is simply avoiding standby power, using less television, or exchanging a light bulb for LEDs.”

Thousands of Lower Austrian citizens are already active, and not just in the electricity sector. Many have upgraded the energy efficiency of their homes, are using solar thermal energy for heating water, and have installed solar PV or biomass systems for space heating. Citizens can visit the Power Saving Family website to learn how to generate energy efficiently, to see samples of projects in their own region, and to see in real time the amount of power being generated in Lower Austria by various renewable sources at www.energiebewegung.at/.  Whoever resolves today to save power today wins twice tomorrow. Citizens who support the goal by saving energy have a chance to win various incentives, such as high efficiency LED lights. Details (in German) are at : www.energiebewegung.at/stromsparvorsatz2015/.

Citation: Maier, J. (2014, December 30). 100 Percent of Electricity from Renewable Energy. Retrieved from http://www.noe.gv.at/Presse/Pressedienst/Pressearchiv/115027_Energie-.html