INDUSTRY NEWS

Growth, oversupply and security: Is the current solar supply chain fit for purpose?

2024-04-10

Low solar component and module prices – partially due to the concentration of supply in China – have created challenges for a number of manufacturers elsewhere. Image: Meyer Burger

Global carbon reduction goals are highly dependent on dramatically and rapidly scaling up solar deployment; the International Energy Agency (IEA) estimates we will need to triple global photovoltaic (PV) deployment by 2030.

In the US, where projections for energy demand driven by clean tech manufacturing, data centres and the electrification of buildings and transportation are rising rapidly, the North American Electric Reliability Corporation projects that over half of the US could be at risk of insufficient power-generating capacity by 2030. These trends mean we need to manufacture a lot more solar products across the supply chain to meet global demand.

(The above content is reproduced from pv-tech,By Michael Parr, Ultra Low Carbon Solar Alliance)

 

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