Canadian Solar has warned of solar cell overcapacity next year, slamming the breaks on its own cell manufacturing expansion plans while accelerating on its module assembly roadmap.
The China-based PV manufacturing industry has been in a massive capacity expansion phase since 2019. This intensified in the first quarter of 2020 but had eased off through the year, but the cumulative figures are jaw dropping, which has led to real fears of overcapacity in 2021.
Solar to continue rapid rise over this decade but lack of foresight with grid planning could mix with ultra-low prices and waste management troubles to set obstacles in the short and long term.
Suniva’s petition to the US International Trade Commission (ITC) puts PV demand at risk by the uncertainty created among investors and the global supply chain, argues market research firm IHS Markit.
High-efficiency module manufacturer Ten K Solar, has announced that it will be “discontinuing” its current operation – but has claimed it is not because of any product performance issues, contrary to media reports.
