Today, the global solar PV industry continues to experience substantial growth and transformations across regions. In 2024, countries like Germany and Brazil are maintaining high levels of solar installations, with Germany alone adding 5 GW of capacity in the early months and potentially reaching 17 GW by year-end. This aligns with their goal of 128 GW by 2026. In emerging markets, Pakistan and Saudi Arabia have shown significant interest, importing vast amounts of solar panels this year, positioning themselves among major players like India and Germany.
China remains a global leader, not only in production but also in solar advancements. For instance, TCL TZE, a major supplier of solar wafers, reported a slight increase in its production, despite facing financial setbacks from market conditions and price challenges. Additionally, TrinaTracker, a subsidiary of Trinasolar, recently received the Green Supply Chain Leadership Award, highlighting its commitment to reducing emissions across the supply chain.
On the technological front, perovskite solar cell research is advancing, with projects in China achieving efficiency rates above 20% for small-area cells. This technology could significantly impact the industry if further developed for large-scale production, especially with tandem cells combining perovskite and silicon layers.
Globally, the 2024 solar capacity installations are expected to far surpass initial forecasts, with Bloomberg New Energy Finance projecting as much as 592 GW added this year, marking a critical step toward the industry’s role in energy transition efforts.
Post time: Nov-12-2024