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Global solar project bidding continues to surge

In 2017, a total of 53 countries participated in the bidding or auction of photovoltaic projects, an increase of 21 compared to 32 in the second half of 2016. In 2018, it is expected that 29 new countries are implementing bidding or auction plans


Global market diversification, but major countries still dominate

The number of countries installing 1GW or more annually will increase from 9 to 14. Countries such as Brazil, Egypt, Mexico, the Netherlands, and Spain crossed the threshold of 1GW for the first time in 2018


Photovoltaics can compete or even compete with coal and natural gas

According to the Global Solar Demand Monitoring Report, recent bidding for photovoltaic projects is driving average PPA to compete with coal and natural gas costs


Energy storage continues to be included in solar projects

The report states that over 350 bidding projects (83%) are for the development and storage of renewable energy

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Overview of the Sun and Solar Energy

Solar energy is a type of energy generated by the fusion of hydrogen in the sun. It is widely distributed, freely available, inexhaustible, and is the ultimate energy source that humans can rely on.