SOUTH AFRICA SOLAR POWER MARKET BY PHOTOVOLTAICS 2014 - 2019 Market Shares, Forecasts & Trends
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TABLE OF CONTENTS 1 Introduction 1.1 Report Guidance 1.2 Markets Covered 1.3 Key Points Noted
2 Executive Summary 2.1 Overview and Market Scenario
3 South Africa Solar Energy Market Outlook 3.1 By Installed Capacity, Historic and Forecasts
4 Market Dynamics 4.1 Drivers 4.1.1 Increasing Energy Demand 4.1.2 Environmental Friendly 4.1.3 Low Maintenance cost 4.1.4 Applications in Various Sectors 4.2 Constraints 4.2.1 High Initial Costs 4.2.2 Intermittent Energy Source 4.2.3 Large Areas Required to setup solar farms 4.3 Opportunities 4.3.1 Scope for New Technology Innovations
5 South Africa Solar Energy Market Analysis VIEW THIS REPORT ON OUR WEBSITE
5.1 Overview 5.2 Market Opportunities 5.3 Policies and Regulation
6 South Africa Solar Energy Market Analysis, by Type 6.1 Concentrating type 6.2 Non Concentrating type 6.3 Fixed Array 6.4 Single Axis Tracker 6.5 Dual Axis Tracker
7 South Africa Solar Energy Market Analysis, by Materials 7.1 Crystalline Silicon 7.2 Thin Film 7.3 Multijunction Cell 7.4 Adaptive Cell 7.5 Nanocrystalline 7.6 Others
8 Major Companies Market Share Analysis 8.1 by Geography 8.2 by Capacity 8.3 by Equipment
9 Competitive Landscape 9.1 Deal Summary 9.1.1 Acquisition VIEW THIS REPORT ON OUR WEBSITE
9.1.2 Private Equity 9.1.3 Equity Offerings 9.1.4 Debt Offerings 9.1.5 Partnerships 9.1.6 Asset Transactions 9.2 Recent Developments 9.2.1 New Technology Innovations 9.2.2 New Contract Announcements
10 Key Company Analysis 10.1 Wuxi Suntech Power Co., Ltd. 10.2 First Solar Inc 10.3 Juwi Solar, inc. 10.4 SolarCity Corporation. 10.5 Activ Solar GmbH 10.6 Yingli Solar 10.7 Trina Solar Limited 10.8 Sharp Solar Energy Solutions Group 10.9 Canadian Solar Inc. 10.10 JinkoSolar Holding Co., Ltd.
11 Appendix 11.1 Sources 11.2 Abbreviations 11.3 Market Definition 11.3.1 Methodology 11.3.2 Coverage VIEW THIS REPORT ON OUR WEBSITE
11.3.3 Secondary Research 11.3.4 Primary Research 11.3.5 Expert Panel Validation 11.4 Contact Us 11.5 Disclaimer
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RESEARCH METHODOLOGY
The research methodology can be summarized in the following sequence: 1) Secondary Research: Information collected from a number of public and paid data sources. Public databases, company annual reports (if any), white papers and research publications by recognized solar industry experts have been utilized. Paid data sources include authentic energy databases. 2) Primary Research: After collecting data from secondary sources, primary interviews were conducted with stakeholders at different points of the value chain like manufacturers, end users and key opinion leaders of the sector in South Africa. Primary research was used both to validate the data points obtained from secondary research and to fill the data gaps after secondary research. 3) Market Engineering: The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates. 4) Expert Validation: The market engineered data is verified and validated by a number of experts, both in-house and external. 5) Report Writing: After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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4.1 DRIVERS 4.1.1 INCREASING ENERGY DEMAND The appetite for energy sources is growing dramatically, with worldwide energy consumption is projected to increase by more than 40 per cent by 2035. The growing demand is fuelled by population which is predicted to increase 25 per cent in the next 20 years. With most of that growth in countries with emerging economies, such as China and India. Rising energy demand from economic output and improved standards of living will likely put added pressure on energy supplies. For example, in China alone, demand is expected to increase by 75 percent by 2035. Globally, the investors are looking in to alternative and renewable energy resources to meet this ever growing demand and to achieve energy efficiency. Renewables-such as solar, cellulosic biofuels, geo thermal energy will provide new raw materials for fuels, new sources for power and new benefits for the environment.
4.1.2 ENVIRONMENTAL FRIENDLY Solar energy is considered environmentally friendly because the sun is a natural energy source that does not require the burning of fossil fuels and the associated air emissions. In addition, it is considered renewable since the energy produced from the sun does not deplete any natural resources, and will never run out. The environmental impact and safety risk associated with the manufacture of solar cells is negligible compared with conventional energy sources such as coal, oil and nuclear power. Especially the silicon that is used almost exclusively in the manufacture of solar cells today is completely harmless. New technologies, such as cadmium-telluride or copper-indium-diselenide solar cells, do not pose any significant environmental risk either, compared with other energy supply options. Moreover, the manufacturing processes for solar cells are highly sophisticated and thoroughly tried and tested. Even
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the mass production of solar cells will not pose any environmental or health risks from a chemicaltoxicological point of view. The sun energy or solar energy can be converted into electricity. This solar energy is cleaner than the electricity produced by coal fired power generation, it does not emit carbon to the atmosphere that effecting global warming or split pollution to our Earth that threatening our health. However the main advantages of using solar power as an energy source are:
Avoiding natural resources depletion
Avoiding carbon emissions
Avoiding pollution
4.1.4 APPLICATIONS IN VARIOUS SECTORS There is a vast potential for use of solar energy devices / systems in industries for process heat and other thermal applications. Presently, energy for these applications is being met mainly through fuel oil which is not only import dependent but is also creating huge GHG emissions in atmosphere resulting threat to our planet. Solar water heating is a well established technology and is in promotion worldwide. It can be used in industries for boiler feed applications in raising water temperature from 25 to 80 C and thereby saving a substantial amount of fuel oil being used in boilers. Solar air heating systems based on flat plate collectors have been found to be useful in food processing industries for drying of various food products. These industries generally require hot air at low temperature (50-800C) as process heat for drying of products such as tea leaves/ coffee beans, and also for processing of fruits, spices, cereals, vegetables, fish, seafood etc. Hot air is also required in industries such as leather, textiles, chemicals, rubber, paper, pharmaceuticals etc.
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Solar Lighting is another application of solar photovoltaic. Solar Lighting has many types. The solar lighting can be solar street lighting, solar flood lighting, solar garden lighting or some special applications of lighting. In solar lighting, very important thing is the designing of solution so that the lights work automatically and remain on as per requirement. Solar power for telecommunication networks is another application for solar photovoltaic. The telecommunication BTS towers have power supply from Diesel Generators in areas where no grid is available and have back up diesel generators where grid is available. Operational Expense of power generator is very high. The best replacement of the diesel back up is the solar power which is clean energy. These systems can be hybrid (solar and wind) where wind is available. Solar power for remote surveillance and terminal units is another application of solar pv. In Oil and gas production and processing plants, the parameters are controlled and monitored remotely through remote computerized terminal units. In surveillance systems, mostly the monitoring is remote and solar power application in this area is very reliable and cost effective.
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5. SOUTH AFRICA SOLAR ENERGY MARKET ANALYSIS South Africa’s solar power industry is developing. The South African region has sun shine throughout the year. The annual 24-hour global solar radiation average is about 220 W/m 2 for South Africa compared with about 150 W/m2 for parts of the USA, and about 100 W/m2 for Europe and the United Kingdom. This makes South Africa's local resource one of the highest in the world. Most areas in South Africa average more than 2500 hours of sunshine per year, and average solar-radiation levels range between 4.5 and 6.5kWh/m2 in one day. Making it one of the interesting prospect for investors. South Africa has a high level of renewable energy potential and presently has in place a target of 10,000 GWh of renewable energy. At first glance, South Africa appears to be on the brink of an explosion in solar installations. While 2012 installations amounted to only 40 megawatts, a combination of high levels of solar irradiation, high electricity costs, and a government push toward more renewable energy generation is likely to quickly expand solar power generation. The use of solar energy is very simple and the most readily accessible resource in South Africa. Solar power itself has a number of applications in the country. There are number of companies which are slowly stepping in to manufacturing solar power components or solar production business, making investors and the government to actively evaluate the country’s solar power production capabilities. The South African government is keenly interested in developing the solar power industry. Recently, a pilot program has been launched to establish a number of public-private partnerships with their respective municipalities to provide electricity services on an integrated and more regular basis. The kind of this system is one such kind that where in the service provider will own and maintain the systems, allowing longer-term financing to ameliorate monthly payments. It will provide the service against a monthly fee. Though developing and semi-established, the industry is experiencing few set-backs. Once all these issues were sorted out, the system and the process will be expanded to rural areas. Solar power is
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increasingly being used for water-pumping through the rural water-provision and sanitation programme of the Department of Water Affairs and Forestry. Currently, the solar water heating system has been installed over 3, 30, 00 m2 across the country. Major portion of it will be occupied by swimming pools - 3, 27, 000 m2 (middle to high-income), commerce and industry – 45, 000 m2 and agriculture 4, 000 m2. Recently, the South African government launched Renewable Energy Independent Power Producer Program (REIPPP), which takes of allocations to various companies and budget spending. The IPP procurement program has been designed so as to contribute towards the target of 3,275 MW and towards socio-economic and environmentally sustainable growth, and to start and stimulate the renewable energy industry in South Africa.
Figure 17: South Africa Solar Power Market Trend, by Installed Capacity
South Africa Solar Power Market Trend, by Installed Capacity
MW
2014
2015
2016
2017
2018
2019
2020
2025
2030
Installed Capacity
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