As EnergyTrend expected, the PV demand in China officially started boosting after the 2015 SNEC convention hosted in Shanghai, China. The strong demand might help balance the PV supply chains’ spot prices. Meanwhile, the global PV demand in 2015 stays at 51.5GW because China will drive the market starting from this quarter.
Elon Musk unveiled Tesla Energy’s latest product, the Powerwall and Poweapack lithium-ion battery. The world-focused press conference was hosted on April 30th in California, and the amazing products soon attracted more than 60,000 orders in the first week after the rolling out. Energy storage systems will be crucial for future renewable resources, while Tesla’s batteries are now entering into the market for competition.
Meanwhile, SolarWorld-led EU ProSun provided convincing evidence to the European Commission so the Commission decided to review the EU-China Minimum Import Price agreement. The current agreement may be extended. Other than the trade dispute, global PV deployment continues. Construction and installations are more visible in emerging markets like Latin America and the Middle East.
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