18
December

Solar Energy Market Outlook 2018



solar-market-2018-outlook

The solar sector had a challenging 2018 coming and some signals are definitely positive confirming that a major EPC Solar Company can increase its quota of Solar Investments and Solar Project Development.

Let’s take a look to the leading industry analysts trends for the solar sector in 2018.

  • First of all the costs of PV panels will continue to drop and will no longer be the single most expensive part of a PV plant. Racking, cables and the installation itself will become the significant part of the total cost by 2018.

  • Solar Companies that are market leaders will be vertically integrated EPC companies with upstream designing pv plants to downstream project construction and maintenance.

  • Finally improving recognition of the importance of the PV projects by banks and private investors will lead to distributed general projects financing being provided by the owners and the project to be built and operated by the PV operators.

  • Net metering, the rules that allow to sell excess electricity back to the grid is under pressure. It’s likely that the rate at which consumers are paid for their excess electricity will drop.

  • Lithium-ion batteries have been seeing rapidly declining prices in recent years meaning home solar plus a lithium-ion battery, makes economic sense and would become attractive

  • New markets will increase, such as South East: Thailand, Vietnam, Malaysia and the Middle East.

In the 2017 China wasn’t the only country to experience a banner year in solar. The U.S. also smashed records, after reaching 14.6 gigawatts of solar in 2016. Japan and India will increase their PV installations, at the same time, in Europe, the German and U.K. markets are expected to slow, while demand shares will increase in Mexico, France, Australia and a number of markets in the MENA Region, like the UAE, Saudi Arabia, Oman, Jordan, Egypt, Tunisia, Algeria and Morocco.

We will see continuous improvement and deleveraging of the balance sheet for most of the larger solar companies in 2018 and beyond. This will be the time for the return of capital and profits to the shareholders of these companies, but the competition will be increasingly fierce and only the most reactive solar companies will manage to dominate the market. Going forward, solar PV leaders will be the champions in logistics sales/marketing and cost-efficient construction.

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