forecasts

David Lee, the chairman and CEO of JinkoSolar has said he remains “bullish” in the face of a looming industry downturn.

The Business Council for Sustainable Energy (BCSE) has reported that the US installed a record of 35.3GW of new solar capacity in 2023.

Provisional figures show that 2023 set a new and massive record for utility-scale solar, doubling the previous best.

The US Energy Information Administration (EIA) expects the contribution of solar power to the US’ energy mix to exceed that of hydropower.

A SolarPower Europe report has found that the sector’s workforce grew from around 466,000 to over 648,000 jobs between 2021 and 2022.

BSW forecasts a “double-digit percentage” growth in Germany's demand for solar power systems by the end of the year.

Installed solar PV capacity globally will grow 20-fold by 2050, when the technology will represent 38% of all electricity production, according to a new DNV report.

Swiss PV module manufacturer Meyer Burger has slashed its production plans for 2022 and 2023, citing a “challenging supply chain environment” which has caused delays to its planned production capacity build out.

Japan is forecast to have 111GW of installed solar by 2025 under a business as usual scenario, with this rising to 154GW by 2030. If it were to aim higher, however, under an ‘accelerated scenario’, it could hit 115GW of installed PV by 2025 and top 180GW by 2030, according to a new analysis by RTS Corporation.

In this latest edition of PV Price Watch, Liam Stoker plots recent industry price forecasts for polysilicon throughout 2022 and explores the contributing factors to that normalisation.