Why is the PV value chain fragile in 2021 & 2022?

The different disruptions of 2021 and 2022 (covid, geopolitical tensions around the world and pollution episodes in China) have highlighted the fragility of the PV value chain, at a time when governments are looking to increase generation from PV.

Which countries have a strong PV market?

The American market contracted to 18,6 GW under the combined influence of trade issues and grid connection backlogs, whilst Brazil installed a high 9,9 GW, nearly doubling the previous year’s new capacity. India once again showed strong growth with 18,1 GW, predominantly in centralised systems, and a PV penetration of nearly 10%.

How many solar PV installations are there in 2020?

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

Which countries have the most PV installations in the world?

The majority share of global PV installations is held by Asia-Pacific and has once again increased in 2023, rising to over 60%, with a cumulative installed capacity of at least 947 GW. A closer look shows us that it is China, not Asia-Pacific as a whole, that has increased its share (see Figures 6A and 6B).

What are the major trends in China's PV industry?

Major trends include: With active development policies, China’s PV installations soared to a record 235 GWDC (or even up to 277 GW ) or over 60% of new global capacity reaching 662 GW of cumulative capacity.

What will IEA PVPS look like in the future?

In the coming years, IEA PVPS will follow the dynamic evolution of decommissioning, repowering and recycling closely, with the expected impact on the installed capacity, market projections for repowering and the decline in PV performances due to aging PV systems. Data Model and Data Acquisition for 2.4 AC or DC Numbers?