Everything seems to be pointing to the solar PV manufacturing sector going into a downturn in 2024, with loss-making potentially rife across much of the upstream sector.
China’s solar exports have continued to grow as demand from global consumers and developers increased, while its dominance in PV manufacturing will likely continue, according to Wood Mackenzie’s recent study.
Italian PV panel manufacturer FuturaSun has acquired 24,000 square metres of land to build a factory with 2GW production capacity in a year, relaunching its PV supply chain in Europe.
Solar capacity will remain a key focus of the Indian government’s spending this year, but some existing challenges for the industry could still hamper growth, according to experts.
Thin-film manufacturer First Solar has confirmed that its fourth US factory will be opened in Lawrence County, Alabama. The factory has an expected manufacturing capacity of 3.5GWdc annually and will represent an investment of approximately US$1.1 billion.
Alsace-based Voltec Solar and the Institut Photovoltaïque d’Île-de-France (IPVF) are partnering to create a solar panel gigafactory in France in efforts to boost French domestic PV manufacturing.
US module manufacturer Universal Solar is developing a module manufacturing plant in Panama with an initial capacity of 600MW, targeting supply lines disrupted by policy headwinds.
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