2020 EXPECTED WORLD MARKET GROWTH
In a changing world Solar PV and Wind Energy has become a complete assurance of the best investments in Energy production, in the coming years ahead. This changing took a lot of years to implement and has 3 major steps:
- European countries push with feed-in-tariffs and subsidizations, to create an alternative to Coal base and Nuclear production technologies
- Massification of Solar PV production in China changing this industry to almost a commodity
- EPC costs of Wind Farms have come down due to several factors like turbine size constantly increase and components optimization.
Most of the next future and actual implementation of Solar and Wind projects are based in public tenders (with lower than currently market prices) or merchant tariffs (without any state subsidies) and consequentially no added costs for consumers and tax payers. Because of financing, the RE developer/IPP normally closes a long term PPA (typically 25-30 years) with the TSO or DSO of the tender issuer state (public tenders), or with a local company that needs energy in a private PPA (normally 15 years) in case of the merchant type.
