PV manufacturing capacity expansion plan announcements: Analysis for the first half of 2017

Combined R&D expenditures of 12 major PV module manufacturers in 2016, tracked since 2007, decline by approximately 4.4% in 2016 to US$519.3 million, compared to US$542.9 million in 2015. As 2015 expenditures were a new record high, 2016 becomes the second highest year of spending and 2014 the third highest. All three years highlight total combined annual R&D expenditures above US$500 million.

Technologies driving the new 100GW annual PV solar world

During 2017, the PV industry is forecast to produce and ship close to 100GW of solar modules, reaching this key milestone well ahead of all market forecasts previously projected. Furthermore, the explosive growth of solar PV shows no sign of abating, despite the constant threats and barriers imposed by on-going trade import restrictions.