Indian solar manufacturer Rayzon Solar has announced plans to set up a 500MW solar module factory in the US and expand its existing Indian production capacity by a further 1GW.
PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.
2GW worth of solar PV modules were detained at the US border throughout 2022 as a result of the Uyghur Forced Labor Prevention Act (UFLPA), representing 1,423 individual shipments.
Hanwha Advanced Materials Georgia (HAGA) – part of Hanwha Solutions – will increase its investment in the US state of Georgia to support the integrated supply chain plans of its PV manufacturing subsidiary QCells.
TÜV Rheinland held a ‘Global PV Buyers’ Workshop’, inviting some 20 representatives from the industry’s downstream players to take part. Brookfield Renewable, BayWa, Engie, TotalEnergies and Lightsource BP and others, and companies mainly engaged in development and operations such as ACWA Power, Bouygues and ECADI shared their thinking from different perspectives on module quality and procurement strategies.
PV manufacturer Hounen Solar has announced plans for its first US solar module manufacturing facility in South Carolina, a 1GW factory representing US$33 million in investment.
The solar PV industry is forecast to produce 310GW of modules in 2022, representing an incredible 45% year-on-year increase compared to 2021, according to the latest research undertaken by the PV Tech market research team and outlined in the new PV Manufacturing & Technology Quarterly report.
