Worldwide PV Tenders Reach 17,400 Megawatts

Boston, USA - According to the latest Global Solar Demand Monitor, GTM Research is now tracking 17,400 megawatts of confirmed solar PV tenders in auctions across the globe.

The report highlights that 9,600 megawatts will be awarded in the third quarter of 2017 alone. With 8,100 megawatts confirmed, Europe leads as the region with the greatest share of tendered solar PV. South Asia, led by India, ranks second with 5,000 megawatts.

As auctions continue to proliferate, the pipeline will only grow larger. According to GTM Research, tendering or auction schemes are currently in place in 48 national markets, and an additional 27 nations are currently discussing or planning tenders and auctions.

According to Ben Attia, GTM Research solar analyst and lead author of the report, Mature solar markets including Germany, Japan and the United Kingdom have used competitive procurement as a market-capping mechanism. Similarly, emerging markets with little to no installed capacity or market history are using tender programs to procure cost-competitive renewables.

In 2017, driven in part by auctions and tenders, global demand will exceed 80,000 megawatts for the first time, though year-on-year growth will fall from 55 percent in 2016 to 4 percent.

Source: IWR Online, 20 Jul 2017