Monday, July 15, 2024

Sungrow govt dampens hopes for imminent storage growth in Italy – pv journal Worldwide


Javier Izcue, vp SG Europe of Sungrow, mentioned pv journal that Italy will set up 30 GW of batteries by 2030, however says that the growth won’t come within the close to time period, as beforehand predicted.

Sungrow is making ready for lower-than-expected battery installations in Italy this yr, as a result of lack of certainty in its capability market. Javier Izcue, vp SG Europe of Sungrow, informed pv journal that installations are often led by tenders for the time being.

“Everyone is predicting the event that can occur this yr. From our standpoint, we count on the tasks to take longer,” mentioned Izcue on the latest Intersolar Europe occasion in Munich, including that he noticed the 30 GW of battery capability in Italy by the tip of this decade.

Izcue mentioned half of Sungrow’s income in Italy presently comes from the utility-scale market, whereas residential and industrial and industrial (C&I) installations account for the remaining. He famous that Sungrow sees many similarities between Italy and Spain, as each nations have “required strategies.” This permits for related industrial methods.

The Chinese firm, which beforehand solely targeted on inverters, now gives a complete bundle, with batteries enjoying an vital function. This industrial resolution is in keeping with the pattern noticed in Intersolar Europe, the place the main Chinese gamers are additionally diversifying in the identical means.

“Electricity costs often result in give attention to vitality switch, however storage may also assist the grid by frequency regulation for instance,” mentioned Izcue.

Sungrow hopes that Italy will keep away from previous legislative errors, he added.

“The market expects that Italy will likely be extra steady by way of insurance policies, however we hope that the previous won’t return,” Izcue mentioned. “To achieve success in vitality storage, we additionally want electrification to speed up.”

He mentioned that regardless of their peculiarities, the Spanish and Italian markets each provide vital long-term alternatives.

“For storage buyers, it isn’t solely about capex, however opex is vital. Prices are vital, however the service settlement and the ensures of the batteries are elements that affect the choice of installers and buyers, “mentioned Izcue. “Knowledge is vital for the storage market, now for now, but additionally for its sustainability.”

Izcue mentioned that funding in batteries within the two largest markets of Southern Europe is identical. Not positive which nation is extra engaging to buyers.

“It will likely be a case-by-case problem. People who spend money on Spain are additionally considering of investing in Italy,” mentioned Izcue, including that the 2 nations are among the many prime 4 among the many by way of potential, together with Germany and the United Kingdom.

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