pv magazine

With more than 50 GW of module manufacturing announcements made in the United States, annual production capacity will exceed demand by 2025.

Clean Energy Associates projects that major Chinese manufacturers will achieve a global solar module manufacturing capacity of 1 terawatt by the end of 2024. Furthermore, this capacity is projected to hit that same mark within China’s borders by 2025.

Agora Energiewende says Europe needs €30 billion ($32.2 billion) by 2027 to rebuild its PV industry. It calls for up to €30 billion until 2027 and up to €94.5 billion from 2028 to 2034 to revive the European solar sector.

Ongoing innovation in PV cell technology will have major impacts as solar is deployed at a “multi-terawatt scale” over the next two decades, according to a global team of scientists.

A lack of clear policy support, raw material dependency, and higher production costs are inhibiting the localization of European solar manufacturing, despite strong demand.

In a new monthly column for pv magazine, SolarPower Europe describes how Mozambique may take full advantage of its huge solar potential by implementing its recently launched Renewable Energy Auctions Programme for large-scale projects, while also pushing for more off-grid renewables in remote areas.

In 2022, off-grid solar kit sales reached a record-breaking 9.5 million units. This is almost 1 million more than the 8.5 million units sold in 2019.

SEG Solar (SEG), a US producer of photovoltaic modules for the utility, commercial and residential markets, was added to the BloombergNEF (BNEF) list of Tier 1 global solar manufacturers for Q3 2023.

Although raw material costs in China are slowly stabilizing again, PV module prices continue to decline, as inventory levels remain very high.

The lowest solar bid in Serbia’s inaugural renewable energy auction was €0.08865 ($0.096)/kWh. The exercise is planned to allocate 50 MW of solar and 400 MW of wind power.