PV manufacturing capital expenditure is expected to rebound this year, following two years in the doldrums as the industry weathered a global oversupply of modules, new figures show.
The scope of supply chain diligence for PV projects in the US seeking tax credits has expanded, requiring greater vigilance in procurement, writes Intertek CEA's Paul Wormser.
The global annual capital expenditure on PV manufacturing equipment is expected to more than double to US$43.8 billion over the next decade, according to a report from VDMA.