US doing better at attracting PV manufacturing – GTM Research


According to GTM Research the US is one of the most attractive places to expand PV module production. 

In its latest Global PV Manufacturing Attractiveness Index 2015 (PVMAX), logging PV manufacturing capacity expansions, GTM believes 6.6GW of new module manufacturing capacity have been ‘contracted’ through the first nine months of 2015. 

On a global basis, the US is ranked as the fifth most attractive place to locate or add new module capacity, according to the report. 

“The US is a very attractive country for manufacturing and ranks higher than any other high-cost country because of its robust domestic demand and access to markets globally,” said report author and GTM Research senior solar analyst Mohit Anand.

Not surprisingly, GTM noted that China remained the most attractive, followed by Singapore, Taiwan, Malaysia, and the US, respectively. 

PV Tech’s own analysis of capacity expansion announcements globally for solar cell, module assembly and integrated cell/module facilities for the first nine months of 2015 highlights a total of over 22GW of new capacity expansions have been announced, compared to over 13GW in the prior year period.

This included more than 12.2GW of module and integrated c-Si module capacity expansions. 

The key locations of new capacity announcements (c-Si cell/module/integrated) in the first nine months of 2015 have been India (6GW), South Korea (3GW), China (2.5GW), Thailand (2.25GW), Malaysia (1.7GW), US (1.5GW) and Germany (1.4GW), respectively. 

However, since the beginning of 2014 and the start of a major new capacity expansion phase – after three years of little activity due to chronic overcapacity, only a total of 11 countries have been logged by PV Tech to have been recipients of further capacity expansion announcements in 2015. 

Only six countries top 1GW of capacity announcements in this timeframe, led by China at over 24GW through to the US at over 3.3GW. 

The US is one of only three countries to have logged over 1GW of capacity announcements in both 2014 and 2015 (9-months), led by China and India. 

GTM said its PVMAX report scores and ranks 50 countries for their PV manufacturing attractiveness based on 25 distinct criteria across four categories: business environment, access to demand, PV manufacturing support, and all-in costs.

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