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ENDNOTES 02 MARKET AND INDUSTRY TRENDS - SOLAR PV
72 The country added nearly 0.4 GW to make solar its fastest
growing power source, from Honduras National Electric
Energy Company, cited in Blanca Diaz Lopez, “389 MW of solar
comes online in Honduras in 2015 to date,” PV Magazine, 19
November 2015, http://www.pv-magazine.com/news/details/
beitrag/389-mw-of-solar-comes-online-in-honduras-in-2015-
to-date_100022041/; year-end capacity of 389 MW also from
Becquerel Institute, April 2016; generous FIT (for the first 300
MW) and regulatory certainty that set it apart from its neighbours,
from Christian Roselund, “Honduras: 232 MW of PV projects
receive three cent bonus,” PV Magazine, 27 August 2015, http://
www.pv-magazine.com/news/details/beitrag/honduras--232-
mw-of-pv-projects-receive-three-cent-bonus_100020762;
Adam Critchley, “Honduras emerges as Central America’s solar
success story,” Greentech Media, 7 September 2015, http://
www.greentechmedia.com/articles/read/honduras-emergesas-central-americas-solar-success-story.
Figure 17 based on
country-specific data and on sources provided throughout this
section. Data for Taipei, China from PVPS, op. cit. note 1.
73 The decline in oil prices hurt the solar market in Mexico, from
Adam James, “Mexico: Where oil prices really do impact solar,”
Greentech Media, 28 April 2015, http://www.greentechmedia.
com/articles/read/mexico-where-oil-prices-really-do-impactsolar;
deployment in Mexico was on hold awaiting the Energy
Transition Law, and Brazil’s market was affected by the country’s
economic woes, from GTM Research, cited in Kenning, op. cit.
note 2; Brazil’s challenges also from Vanessa Dezem, “Brazil state
shelves auction for 200 MW of solar power,” Renewable Energy
World, 29 February 2016, http://www.renewableenergyworld.
com/articles/2016/02/brazil-state-shelves-auction-for-200-
mw-of-solar-power.html. Both Brazil and Mexico had substantial
capacity in the pipeline: Mexico had over 5 GW of permitted
projects, and Brazil had over 2 GW contracted, from GTM
Research, cited in Kenning, op. cit. note 2. Mexico added 103
MW for a total of 282 MW, from IEA PVPS, op. cit. note 1, p. 18.
Mexico was the region’s leading market for distributed solar PV
with more than 50 MW added through the national net metering
programme, from Blanca Díaz López, “Mexico remains the
leading distributed solar market in Latin America,” PV Magazine, 3
March 2016, http://www.pv-magazine.com/news/details/beitrag/
mexico-remains-the-leading-distributed-solar-market-in-latinamerica_100023534/,
and had a cumulative 114 MW at end-2014,
from Comisión Federal de Electricidad (CRE), “Estadísticas:
Contratos de interconexión en pequeña y mediana escala – año
2015,” p. 5, http://www.cre.gob.mx/documento/2109.pdf. In
Brazil, 833 MW of new capacity was awarded out of a total 11.2
GW of total qualified bids, from Eric Wesoff, “Brazil announces
the winners of its 833 MW solar auction,” Greentech Media, 7
September 2015, http://www.greentechmedia.com/articles/
read/Brazil-Announces-the-Winners-of-Its-833-MW-Solar-
Auction. Construction began late in the year on a 254 MW plant
in Bahia state, with power contracted at USD 0.08/kWh, from
Ian Clover, “Enel Green Power begins construction of 254 MW
Brazil solar plant,” PV Magazine, 29 December 2015, http://www.
pv-magazine.com/news/details/beitrag/enel-green-powerbegins-construction-of-254-mw-brazil-solar-plant_100022581.
In Peru, 144 MW was bid by Enel Green Power at USD 47.98/
MWh, and another 40 MW was bid by Enersur at USD 48.50/
MWh, from Henry Lindon, “Tremendously low 4.8¢/kWh solar
price in Peru, unsubsidized,” CleanTechnica, 25 February 2016,
http://cleantechnica.com/2016/02/25/tremendously-low-4-
8%C2%A2kwh-solar-price-in-peru-unsubsidized/, and from
Masson, op. cit. note 2.
74 See, for example, Robert Muhn, Yingli Chile, cited in Movellan, op.
cit. note 13.
75 Masson, op. cit. note 2 and March 2015. Deployment of solar PV
is driven largely by decisions of large banks to support specific
projects that they consider to pose relatively low risk, from idem.
76 Some of the fastest markets and drivers from Apricum PV Market
Model Q3 2015, cited in Kurz, op. cit. note 7; IHS, MENASOL 2015,
cited in Heba Hashem, “PV hit grid parity and Jordan, UAE as
MENA capacity surges,” PV Insider, 29 May 2015, http://analysis.
pv-insider.com/pv-hits-grid-parity-jordan-uae-mena-capacity-surges.
77 Masson, op. cit. note 2.
78 See, for example: “Solar developments in Jordan,” Renewable
Energy World Magazine, September/October 2015, p. 10;
“Cleaner, cheaper energy sources,” Jordan Times, 29 December
2015, http://www.jordantimes.com/opinion/editorial/
cleaner-cheaper-energy-sources; Ilias Tsagas, “Jordan’s second
PV tender leads to record low tariffs,” PV Magazine, 18 May 2015,
http://www.pv-magazine.com/news/details/beitrag/jordanssecond-pv-tender-leads-to-record-low-tariffs-_100019481/;
IHS, MENASOL 2015, cited in Hashem, op. cit. note 76. Jordan
also has been busy installing solar panels on rooftops of homes,
mosques and universities, from Ilias Tsagas, “Jordan’s rooftop
PV sector thriving,” PV Magazine, 11 February 2015, http://www.
pv-magazine.com/news/details/beitrag/jordans-rooftop-pvsector-thriving_100018111/,
from Edgar Meza, “Jordan launches
plan to install solar on 6,000 mosques,” PV Magazine, 16 March
2015, http://www.pv-magazine.com/news/details/beitrag/jordanlaunches-plan-to-install-solar-on-6-000-mosques_100018618/,
and from Ilias Tsagas, “Jordan’s universities install solar,” PV
Magazine, 2 March 2015, http://www.pv-magazine.com/news/
details/beitrag/jordans-universities-install-solar_100018383/.
79 Israel added 200 MW for a total of 880.7 MW, from IEA PVPS,
op. cit. note 1. See also Anna Hirtenstein, “Israel’s 340-MW
solar goal on hold as industry waits for government policies,”
Renewable Energy World, 10 August 2015, http://www.
renewableenergyworld.com/articles/2015/08/israel-s-340-mwsolar-goal-on-hold-as-industry-waits-for-government-policies.
html. Progress was slow in Israel due to a large discovery of
natural gas offshore in recent years and to uncertainty about
government regulations, per idem. Kuwait, the State of Palestine
and Saudi Arabia all had some capacity in operation at end-
2015, from Becquerel Institute, April 2016. Andrew Burger,
“Egypt’s renewable energy drive gains steam,” Renewable
Energy World, 9 June 2015, http://www.renewableenergyworld.
com/articles/2015/06/egypt-s-renewable-energy-drive-gainssteam.html;
Damian Carrington, “Saudi Arabia is hedging its
bets with solar power,” Business Insider, 23 May 2015, http://
www.businessinsider.com/saudi-arabia-solar-power-2015-5;
“Gaza to get 30 megawatts of solar energy,” World Bulletin,
16 April 2015, http://www.worldbulletin.net/news/157990/
gaza-to-get-30-megawatts-of-solar-energy.
80 See, for example: Becky Beetz, “Solar activity heats up in Africa,”
PV Magazine, 16 November 2015, http://www.pv-magazine.
com/news/details/beitrag/solar-activity-heats-up-inafrica_100021972/;
Madilitso Mwando, “Zimbabwe capital turns
to solar streetlights to cut costs, crime,” Reuters, 30 March
2015, http://planetark.org/wen/72986; in addition, a 300 MW
solar PV plant is in the pipeline in the Zimbabwean province
of Matabeleland South, from Stanley Tshoga, Biogas Solar
Engineering Zimbabwe, personal communication with REN21, 10
April 2016.
81 In 2015, Algeria added 268 MW of solar PV for total of 271.38
MW (up from 3.38 MW at the end of 2014); 75 MW was in the
pipeline for installation in 2016, and 400 MW of new capacity
was in progress, from Samy Bouchaib, Centre de Développement
des Energies Renouvelables, Algeria, personal communication
with REN21, February 2016; Algeria added 268 MW, from SKTM,
“Projet 400 MW,” http://www.sktm.dz/?page=article&id=56;
Algeria ended the year with a total of 271.4 MW, from “14 solar
plants commissioned in High Plateaus, South regions in 2015,”
Algeria Press Service, 3 January 2016, http://www.aps.dz/en/
economy/10160; Algeria added 270 MW for a total of 300 MW,
from IEA PVPS, op. cit. note 1, p. 18. South Africa added about 200
MW for a year-end total of 1,122 MW, from IEA PVPS, op. cit. note
1, p. 18; Algeria added 270 MW and South Africa added around
200 MW, from SolarPower Europe, op. cit. note 2, p. 21.
82 The announced pipeline for private investments under
Egypt’s FIT is 2,300 MW, there are 0.5 GW of projects under
a competitive bidding scheme, as well as state-owned plants,
for a total of 3 GW, from Maged Mahmoud, Regional Center for
Renewable Energy and Energy Efficiency (RCREEE), personal
communication with REN21, 10 April 2016; Egypt added a few
utility-scale plants in 2015, from SolarPower Europe, op. cit.
note 2, p. 21; plans to finance, develop and construct up to 5
GW, from Masson, op. cit. note 2. Other Egypt information from:
Edgar Meza, “Solar developers flocking to Egypt,” PV Magazine,
30 March 2015, http://www.pv-magazine.com/news/details/
beitrag/solar-developers-flocking-to-egypt_100018820/; Edgar
Meza, “Egypt signs deals for 200 MW of solar,” PV Magazine,
4 May 2015, http://www.pv-magazine.com/news/details/
beitrag/egypt-signs-deals-for-220-mw-of-solar_100019320/;
Ian Clover, “Scatec Solar launches Egyptian activities
towards building 250 MW of solar,” PV Magazine, 26 October
2015, http://www.pv-magazine.com/news/details/beitrag/
216