Installed rooftop solar capacity globally is on track to increase 61% between 2021 and 2025 as policy support encourages deployment and homeowners look to mitigate high electricity prices.
As 2021 draws to a close, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and hottest trends of the last 12 months. Today we look at the impact of soaring prices and logistics challenges during the fourth quarter.
Supply disruptions in the coal and gas sectors have contributed to record electricity costs across Europe, leading to calls for more support for renewables generation to mitigate future price rises.
The United Arab Emirates (UAE) is capable of reaching its renewable energy targets thanks to a “robust” development pipeline of solar projects, new research from Rystad Energy suggests.
Rystad predicts 1GWac-plus of solar could struggle to hit financial close as US$-AU$ gap widens, while RepuTex consultants say larger green energy ventures will weather era of low power prices.
Supply chain delays will not trouble developers as much as return-crippling exchange rates, says consultancy Rystad Energy as it trims PV annual growth forecast from 140GW to 126GW.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
