Page 13 - AsiaElec Week 19

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NEWS IN BRIEF
AsiaElec
GW. This is a 60% increase on 2018. The Wood Mackenzie report, which
determines global, regional and country wind turbine manufacturer market shares, reveals that 2019 was a year of market consolidation.
“The top five turbine OEMs – Vestas, SGRE, GE, Goldwind and Envision – increased their combined market share by 10% from two years ago, capturing 68% of global capacity,” said Shashi Barla, Wood Mackenzie Principal Analyst Sitting just outside the top five, MingYang grew its market share by nearly three percentage points. The company doubled installations in China to 4.4 GW, including record offshore activity of over 500 MW driven by projects in Guangdong.
“China’s big three OEMs – Goldwind, Envision and MingYang – each recorded their highest ever installs in 2019. This challenged the West’s big three – Vestas, GE and SGRE – who also logged record installations last year.
“Supply constraints for China’s big three enabled tier II Chinese OEMs, such as Windey and CRRC, to make a surprise appearance in the global top 10 and top 15 rankings, respectively, for the first time.
“Despite eight Chinese OEMs ranking among the top 15 globally, only 0.6 GW of wind turbine capacity was exported. This illustrates China’s heavy dependence on the domestic market.
“Smaller regional players, including Senvion, Suzlon, INOX, XEMC and WEG, lost market share due to challenging market conditions. This resulted in financial difficulties that will jeopardise their future participation in the wind sector,” said Shashi Barla.
WOOD MACKENZIE
SOLAR
Global solar market set to
resume growth in 2021 as
coronavirus impact fades
The global solar market is expected to stay nearly flat between 2019 and 2020 as a result of the coronavirus pandemic and its economic impacts, according to Wood Mackenzie.
But a significant increase in demand is now expected between 2020 and 2021 as the industry rebounds.
Long-term fundamentals for global PV remain strong despite the pandemic, primarily driven by improving cost-competitiveness
and sustained investor interest, and Wood Mackenzie has increased its outlook for the 2021-2025 period by 5GW.
Solar cell supply is in balance in 2020,
but the risk of oversupply will rise in 2021. This year, global module production capacity will exceed total expected shipments by 70 percent or higher, making oversupply a very real short-term possibility. Accelerated price declines and supply chain consolidation have marked excess capacity periods in the past.
This cycle will likely produce similar results, further strengthening the position of leading cell and module suppliers.
The coronavirus outbreak threw a wrench in the global solar supply chain this year. After a pause in Q1, by the end of March, cell and module production capacity in China recovered to near pre-COVID-19 levels.
Inverter and module production in Europe and India experienced a severe interruption in March, which is now beginning to resolve.
Overall, major solar markets have experienced various levels of module, inverter and other solar components delivery delays rather than cancellations.
WOOD MACKENZIE
India has awarded its
first tender for 24/7 green
power, which includes
storage as solar capacity.
Independent Power Producer (IPP) ReNew Power won a 400MW ‘round-the-clock’ (RTC) tender after a competitive process run by the Solar Energy Corporation of India (SECI).
The developer is free to deploy wind, solar or hybrid capacity in conjunction with storage to supply power day and night to two utilities – New Delhi Municipal Corporation and Dadar and Nagar Haveli.
The tender is, “a beginning towards firm, schedulable & affordable RTC supply through 100% [renewable] power,” said India’s power minister RK Singh.
The winning price was 2.90 rupees/kWh ($0.038/kWh, $38/MWh) for the first year of the 15-year deals, rising by 3% per year.
Sembcorp secures an offtaker for its Tengeh Reservoir floating solar project.
The Sembcorp Floating Solar Singapore
unit of utilities and marine group Sembcorp Industries has secured a 25-year power purchase agreement (PPA) for a 60 MW floating solar plant it is planning at Singapore’s Tengeh Reservoir.
The deal was signed with national water agency the Public Utilities Board (Pub), which selected Singapore company Sembcorp for
the project in late February. The price to be paid under the PPA for the solar electricity generated was not revealed.
The floating project is scheduled to come online next year and will power operations at Pub’s five waterworks.
Week 19 13•May•2020
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