Monday, June 24, 2024

International photo voltaic manufacturing sector now at 50% utilization price, says IEA – pv journal International


The International Energy Agency (IEA) says that world photo voltaic cell and module manufacturing capability will develop to about 550 GW by 2023. It stories that about 80% of the worldwide PV manufacturing business is presently concentrated in China, whereas the India and the United States every maintain. a 5% share. Europe accounts for just one%.

The world photo voltaic cell and module manufacturing business is presently working at a utilization price of roughly 50%, in line with the IEA’s Advances in Clean Manufacturing Technology report. It is claimed that world funding in new photo voltaic factories will attain $80 billion in 2023 alone, which is twice as a lot as in 2022.

China’s photo voltaic business accounted for about 95% of world funding in wafer manufacturing capability final yr, 96% of funding in polysilicon manufacturing amenities, and 83% in module factories. . The IEA mentioned about 440 GW of the five hundred GW of complete cell and module capability was deployed worldwide final yr.

“Current manufacturing capability for photo voltaic PV modules and cells can now obtain what is required to satisfy demand below the NZE Scenario in 2030 – six years forward of schedule, with little gaps left for the steps above in wafer and polysilicon fabrication,” the report mentioned. observed. “While sturdy provide progress is driving down module costs, supporting broader shopper will increase, stockpiles of photo voltaic PV modules are rising and there are indicators of declines and postponements of deliberate capability enlargement, particularly in China.”

The company says that almost 80% of the world’s PV manufacturing business is presently concentrated in China, with India and the United States accounting for five% every and Europe for simply 1%.

“The excessive geographical focus throughout the photo voltaic PV provide chain is more likely to stay unchanged based mostly on introduced initiatives, with China’s share of capability for modules, cells and wafers declining barely and will increase for polysilicon, which can attain virtually 95% in 2030,” mentioned the IEA.

It additionally presents knowledge on the extent of producing prices, upfront and working prices, in addition to nationwide incentives for manufacturing. It mentioned {that a} 56 GW photo voltaic module manufacturing facility constructed by JinkoSolar in China’s Shanxi Comprehensive Reform Demonstration Zone is cheaper than the nationwide common values.

“While the estimates will not be outturn prices, the power is predicted to come back in at $7.8 billion, or $140/kW for full-chain photo voltaic PV manufacturing, in comparison with our nationwide common determine of $185/kW for in China,” mentioned the IEA.

The report additionally consists of knowledge on world wind power, electrolyzer manufacturing, and warmth pump manufacturing.

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