PV manufacturing capacity expansion announcements in the first quarter of 2018 continued to follow the strong trend set in the fourth quarter of 2017. The quarter also represented a revival in thin-film expansion plans as well as the return of PV module assembly outpacing solar cell announcements. Also notable was the return of India and the US as major destinations for new capacity plans.
Move over pesky perovskites and old faithful intrinsic amorphous silicon as the preferred solutions for tandem-junction solar cell post crystalline-silicon PERC (passivated emitter rear cell) technology: A perennial conversion efficiency record holder and space-proven solution is back to gate-crash the party.
As previously reported there was a significant slowdown in global solar PV manufacturing capacity expansion announcements in the third quarter of 2017, which we highlighted was hardly surprising due to significant level of expansions plans announced in the first half of the year. However, despite increased concerns over the potential imposition of restrictive trade practices in the US and India in the fourth quarter of 2017, there was a significant rebound over the previous quarter, leading to the highest recorded gigawatts of new expansion announcements.
The third PV CellTech event takes place in Penang, Malaysia in just two weeks from now, on 13-14 March 2018. The schedule of speakers and companies lined up this year is set to be both fascinating to hear, and essential to dissect, when looking at exactly how the PV industry will evolve beyond the 100GW of solar cells produced in 2017.
PV capital expenditure (capex) in 2018, covering investments into ingot, wafer, cell and module capacity, will grow by almost 25% compared to 2017, passing through the US$10 billion mark, returning to levels last seen back in 2010 and 2011 when investments in turn-key thin-film fabs were a key contributor.