Global Solar Manufacturing Sector Now at 50% Utilization Rate, Says Iea
The International Energy Agency (IEA) says that global solar cell and module manufacturing capacity grew by around 550
PV Magazine International 4:22 pm on May 7, 2024
The IEA reported that the global solar cell and module manufacturing sector operates at 50% capacity utilization, with China dominating the market. Despite increasing demand, signs of stockpiling suggest potential downscaling in planned expansion, particularly in China. New investments have surged, leading to a supply-driven price drop but leaving minor gaps for manufacturing stages.
- IEA Reports Low Capacity Utilization and Market Concentration
- Increased Investments Boost Supply, but Suggest Potential Downscaling
- Stockpiling of Solar PV Modules Observed Worldwide
- Manufacturing Gaps Persist for Wafer and Polysilicon Stages
- Solar PV Manufacturing Costs Continue to Decline with New Plants
https://www.pv-magazine.com/2024/05/07/global-solar-manufacturing-sector-now-at-50-utilization-rate-says-iea/