Solar photovoltaic energy industry

Is the solar PV manufacturing sector financially sustainable?

The long-term financial sustainability of the solar PV manufacturing sector is critical for rapid and cost-effective clean energy transitions. The net profitability of the solar PV sector for all supply chain segments has been volatile, resulting in several bankruptcies despite policy support.

Who is driving growth in the solar photovoltaic industry?

Various actors, from key businesses to state governments, are driving growth in an industry that shows no signs of slowing down. Find up-to-date statistics and facts on the solar photovoltaic industry in the United States.

How can the solar PV industry support growing demand?

Annual investment levels need to double throughout the supply chain. Critical sectors such as polysilicon, ingots and wafers would attract the majority of investment to support growing demand. The solar PV industry could create 1 300 manufacturing jobs for each gigawatt of production capacity.

How many solar PV installations are there in 2020?

At the end of 2020, 760 GWDC of solar PV installations existed worldwide. Approximately 100 MW of CSP was added in China and another 1.4 GW was under construction at the end of the year. Analysts project increased annual global PV installations over the next 2 years, with continued growth in China, the United States, Europe, and India.

Are solar PV products a significant export for China?

Solar PV products are a significant export for China. In 2021, the value of China’s solar PV exports was over USD 30 billion, almost 7% of China’s trade surplus over the last five years.

How much investment will solar PV make by 2030?

New solar PV manufacturing facilities along the supply chain could attract USD 120 billion investment by 2030. Annual investment levels need to double throughout the supply chain. Critical sectors such as polysilicon, ingots and wafers would attract the majority of investment to support growing demand.