El Segundo CA (SPX) Sep 09, 2010
Aggressive government incentives are set to trigger booming growth in solar installations in Ontario, Canada, in 2010-but regulations requiring the use of locally sourced photovoltaic (PV) products will cause the expansion to slow dramatically in 2011, according to market research firm iSuppli Corp.
Ontario's PV solar technology system installations are expected to rise to 257 Megawatts (MW) in 2010, up 272.5 percent from 69MW in 2009. However, installation growth will slow dramatically in 2010, rising by 75.5 percent to 451MW in 2011. The attached figure presents iSuppli's forecast of PV solar panel installations in Ontario.
Given that Ontario is the most populous province in Canada, the Canadian government's moves could have a major influence throughout North America.
"Ontario in 2009 passed the Green Energy and Green Economy Act, adopting an aggressive green energy policy that includes a Feed-In Tariff (FIT) program as its centerpiece," said Mike Sheppard, financial services/PV analyst for iSuppli. "This FIT program represents North America's first comprehensive guaranteed pricing structure for electricity production from renewable fuels sources including solar PV, bio-energy waterpower and wind."
No coal goal
Meanwhile, demand for electricity is also growing in Ontario, with almost 40 Gigawatts (GW) of electricity required to meet estimated demand projected by 2025, according to the Ontario Power Authority (OPA). OPA has determined that if no new existing capacity is created or refurbished by that time, there will be a 30GW gap between existing electricity supply and demand, spurring further demand for renewable technologies.
Local content requirements spur supply constraints
"The growth of PV installations in Ontario in 2011 could become supply constrained, as module and inverter production located in the province will not be sufficient to support the 60 percent content requirement until the middle of the year, Sheppard said. "These supply constraints will imply strong growth opportunities for companies that are currently building module and inverter facilities in the region as project developers clamor for their product.
While such developments will limit PV market growth for the whole of 2011, Sheppard added, the undersupply situation will fade out as an issue by the fourth quarter of next year when newly built facilities are expected to properly meet demand for PV solar energy.
The major beneficiaries of the shortfall will be local solar companies. Firms like Canadian Solar, SMA, Fronius and Silfab are stepping in to meet the demand for local solar components, building module and inverter manufacturing facilities in Ontario.
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KYOCERA To Install Solar Power Generating Systems At All Domestic Manufacturing Sites
Kyoto, Japan (SPX) Sep 09, 2010
Kyocera has announced that it will install solar power generating systems using the company's own solar modules at six domestic plants by March 2011, generating a total of 593kW, as part of its activities to promote environmental protection. This move will increase the number of Kyocera domestic manufacturing sites equipped with solar power generating systems to 10 - all of the company's m ... read more
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