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Reviewing the whole quarter that will be ended in March 31st, the global PV market demonstrates various trends. For example, demand in China, the largest PV market and the largest PV exporter in the globe, was not as strong as people expected. The flat market plus the surplus supply of raw materials such as polysilicon and wafers led to a continuous decrease of PV products’ quotes in the quarter.
Although China has an annual PV installation as high as 17.8GW, the market seems to remain flat until May or June. Financial results of Chinese PV manufacturers are not all showing benefitted – Yingli Solar, one of the largest PV manufacturers in the world, lost its leading position as the top PV module provider and was suffered from a US$209 million net loss in 2014. It is noticeable of the future of the Chinese PV market and PV vendors.
Globally, energy storage systems and batteries are becoming more important for renewable energy development. Financial programs, on the other hand, are also available to populations living in remote places, rural villages and more.
Market Research
Highlight
- Yingli Solar Sees 3.3GW of PV Module Shipment and US$200M Net Loss in 2014
- XALT Energy to Supply Lithium Battery to Chinese Bus Manufacturer, HK Group
- JinkoSolar to Supply 104 MW of PV Modules for a Project in Utah
Energy Storage and Battery
- SunEdison Purchases over 100MWh of Batteries from Imergy for Indian Villages
- Saft to Supply Batteries for Off-grid Solar Installations Serving Qatar’s Dukhan Oilfield
- Green Charge Networks to Expand Its Intelligent Energy Storage Solutions with ITOCHU Corporation
Business/Financing/Research and Development
- Panasonic Forms Small-to-Mid-size PV Projects Financing Platform in Canada
- Hawaiian NPOs and Business Receive Solar Financing Support from Panasonic, Clean Power Finance and Coronal Group
- RET Capital Closes Financing for Four Solar Assets in North America
- JinkoSolar and DuPont Collaborate to Advance Solar PV Products
Installations/Constructions/Productions
- 72.9MW Redwood Solar Farm in California Powered by Eaton, sPower and 8minutenergy
- JinkoSolar to Supply 75 MW of PV Panels to an Arizonian Solar Project
- Philadelphia Solar and the Egypt New and Renewable Energy Authority to Build a 50MW Solar Project
- SPI to Provide EPC Service for a 20MW PV Project in Inner Mongolia
- Solar Philippines to Build a 50MW Solar Farm in Luzon
Electric Vehicles and Other Renewables
- GE Energy Financial Services Acquires Langhope Rig Wind Farm in Scotland
- Fuji Electric Wins Geothermal Power Equipment Contracts in Indonesia and Iceland
- Honda Extends Its Fit EV Services by Lease Programs and Partnership with SolarCity
(Photo Source: rayspower.cn)
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