Solar module industry extension

What is the global solar module manufacturing capacity?

Global solar module manufacturing capacity is set to exceed 1.5 TW by 2035, according to forecasts from the IEA. Its latest report, “ Energy Technology Perspectives 2024,” covers the production of solar, wind turbines, electric cars, batteries, electrolyzers, and heat pumps.

How will China's expansion affect global solar module supply chains?

Huaiyan focuses on the Asia Pacific solar technology trends and supply chain dynamics. How will China’s expansion affect global solar module supply chains? From the beginning of 2024, China will hold over 80% of global capacity across the solar module supply chain.

Will China hold 80% of solar module supply chain in 2024?

From the beginning of 2024, China will hold over 80% of global capacity across the solar module supply chain. This is partly because modules, including polysilicon, wafer and cell, made in China are substantially cheaper than Europe or the US.

Will a'relentless' investment in the solar PV supply chain continue in 2025?

Despite ongoing manufacturing overcapacity, CEF described a “relentless” investment in the solar PV supply chain, driving a 29% year-on-year manufacturing capacity increase in China in 2024. This is a trend that CEF expects to continue in 2025, which may stabilise some of the record low module prices seen in the industry.