first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:The days of new gas-fired plants keeping up with utility solar will soon be over. But the rise of competitive renewables auctions means profits will be hard to come by, even in an expanding market.Solar will soon be able to out-compete gas-fired plants around the world. That doesn’t mean it will be any easier to make a living in the solar business.“By 2023, we think solar’s going to be cheaper than gas almost everywhere around the world,” Tom Heggarty, senior solar analyst for Wood Mackenzie Power & Renewables, said Tuesday at GTM Solar Summit in Phoenix.New gas plants remain competitive with new utility solar in a number of big markets today, from China to the U.K. to South Korea. But that will no longer be the case by the early 2020s, as equipment costs continue to fall and competitive auctions proliferate, Heggarty said.Yet for all that signifies, the news has not all been good for the global solar market recently.The annual market failed to crack the 100-gigawatt mark in 2018 as it was expected to do, due chiefly to a policy-induced slowdown in China. India, too, put up weaker-than-expected growth last year as 14 gigawatts of auctions were canceled or postponed, or awarded projects were annulled.But setbacks in any one market — even China — are becoming less important as the industry takes root around the world. China accounted for 35 percent of global solar installations through 2018, but that share will fall to 27 percent in the 2019 to 2024 period, WoodMac predicts.More: WoodMac: Solar plants cheaper than natural gas ‘just about everywhere’ by 2023 Wood Mackenzie: Solar will soon ‘be cheaper than gas almost everywhere’last_img read more