Category:Projects
IHS Markit: PV and energy storage lead the trend of clean energy technology in 2022
IHS Markit: PV and energy storage lead the trend of clean energy technology in 2022
IHS Markit, a research institute, recently released an annual report on the development trend of photovoltaic and energy storage industries. The company pointed out in the report that photovoltaic system and energy storage system led the trend of clean energy technology in 2022. The company defines distributed generation facilities (DG) as photovoltaic systems with an installed capacity of less than 5MW, and the installed capacity is expected to increase by 20% in 2022.
About 60% of the increase in installed capacity of distributed power generation facilities occurred in China and Germany, which are implementing the policy of taking distributed power generation as the core part of renewable energy goals. Brazil is another high-profile distributed generation market, because the distributed generation facilities installed by 2023 will still be free of grid connection charges. On the contrary, in the United States, because many major state markets have cancelled the net measurement policy, this market segment may shrink significantly.
Although the capital expenditure in 2022 is higher than expected, a new mode of renewable energy growth has emerged. Renewable energy has become the cheapest source of power generation in the world. Due to technological development and policy progress, the cost reduction has led to further capacity increase and price reduction.
IHS Markit said that the supply chain tension may last for a period of time, but there have been some positive developments:
• The growth rate of polysilicon capacity is faster than expected.
• New entrants to the silicon chip market will increase capacity and price competition.
• China's photovoltaic manufacturing is no longer limited by energy intensity and energy consumption.
With the growth of the supply chain and the adaptation to the new international trade environment, India, the United States, Europe and Southeast Asia will continue to announce the increase of the capacity of silicon ingots, silicon wafers, photovoltaic cells and photovoltaic modules in 2023.
About 60% of the increase in installed capacity of distributed power generation facilities occurred in China and Germany, which are implementing the policy of taking distributed power generation as the core part of renewable energy goals. Brazil is another high-profile distributed generation market, because the distributed generation facilities installed by 2023 will still be free of grid connection charges. On the contrary, in the United States, because many major state markets have cancelled the net measurement policy, this market segment may shrink significantly.
Although the capital expenditure in 2022 is higher than expected, a new mode of renewable energy growth has emerged. Renewable energy has become the cheapest source of power generation in the world. Due to technological development and policy progress, the cost reduction has led to further capacity increase and price reduction.
IHS Markit said that the supply chain tension may last for a period of time, but there have been some positive developments:
• The growth rate of polysilicon capacity is faster than expected.
• New entrants to the silicon chip market will increase capacity and price competition.
• China's photovoltaic manufacturing is no longer limited by energy intensity and energy consumption.
With the growth of the supply chain and the adaptation to the new international trade environment, India, the United States, Europe and Southeast Asia will continue to announce the increase of the capacity of silicon ingots, silicon wafers, photovoltaic cells and photovoltaic modules in 2023.
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