India’s export of solar modules to the US increases a lot in recent years. Image: Goldi Solar
Many countries around the world have tried to create a domestic solar manufacturing sector over the past decades, although success stories have been rare. This is a consequence of China’s ongoing dominance of the supply chain, including the production of polysilicon, wafers, cells, and modules.
By 2032, China’s production capacity of polysilicon, wafers, cells and modules will be able to meet annual global demand, according to Wood Mackenzie. By that year, the annual global installation capacity will reach 359GW, but China’s polysilicon and wafer production capacity will be as high as 1,012GW and 873GW respectively. Moreover, China’s cell and module production capacity in 2032 will reach 1,059GW and 1,012GW respectively.
(The above content is reproduced from pv-tech，By Simon Yuen）
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