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EnergyTrend, a division of TrendForce, says several countries in the Sunbelt region have raised their respective renewable energy targets for the 2020~2030 period. Together, the targets of installed PV capacity of all Sunbelt countries are now over 400GW. Economic growth and adoption of carbon emission reduction policies are major factors that lead to increasing PV demand in Sunbelt countries.
The general outlook for the 2016 PV market has become more certain as China, the U.S. and the U.K. finalize their respective subsidy policies. “China plans to connect the country’s PV power plants onto the grid before the middle of the year,” said Corrine Lin, analyst for EnergyTrend, a division of TrendForce.
The latest analysis from EnergyTrend, a division of TrendForce, finds that prices of photovoltaic (PV) systems are in a steady decline. In the U.S., for example, the average installed cost of utility-scale PV systems was at US$1.38/W in the third quarter of 2015 compared with US$1.66/W in the same quarter of 2014, representing a 17% year-on-year drop.
The United States Department of Commerce is expected to soon reveal the preliminary ruling on its second review of anti-dumping and countervailing (AD/CVD) rates on Chinese photovoltaic (PV) cell imports for 2012. This comes after the U.S. government agency concluded its first review of the 2012 AD/CVD rates on Chinese imports in July of this year.
The U.S. House of Representatives passed an amendment to extend the solar Investment Tax Credit (ITC) on December 16. The extension, which is part of a tax and spending package, is now being moved to the Senate for consideration and is very likely to win final approval. The tax credit rate under the ITC was originally to be scaled back from 30% to 10% at the end of 2016 (December 31).
