First Solar’s Post

#vietnam's solar panel market set to shine: Projected growth of 8.20% over the next eight years, says report Vietnam’s solar panel market is poised for a bright future, with a projected growth rate of 8.20% over the next eight years, according to a recent report by Imarc Group. This surge in demand is fueled by a confluence of factors, including rising environmental concerns, increasing energy needs, and government initiatives promoting #renewableenergy. The report, titled “Vietnam Solar Panel Market Report by Type (Crystal Silicon, Monocrystalline Silicon, Polycrystalline Silicon, Thin Film, and Others), End Use (Commercial, Residential, Industrial), and Region 2024-2032,” paints a detailed picture of the market’s landscape and future trajectory. https://lnkd.in/g-Y7-He6 #vietnam #solarpanels #sustainability

Can the U.S. Break China’s Grip on Solar? China controls the bulk of the world’s solar supply chain. Now, the U.S. is trying to build its own. It will be tough. https://lnkd.in/eTipQ8Ts #solar #modules

First Solar, a US company has become the world's most valuable solar panel manufacturer for the first time since 2018. The public traded company gained 1.53% on May 17, to end trading with a market capitalization of $21.15 billion. The move in the market allowed First Solar to overtake Sungrow Power Supply Co., Ltd., which saw its shares fall by 4.2% in Shenzhen to put its value at approximately $20.85 billion. China dominates the global production of solar panels & controls over 80% of the supply chain. But its build up factories have come at a cost as capacity has surpassed global demand, leading to falling prices & shrinking profit margins. LONGi Solar, another solar panel manufacturing company, posted a net loss of $325 million (2.35 billion yuan) in Q1 this year, whereas last year it had a netting profit of 3.64 billion yuan for Q1. Furthermore, Chinese solar giants are finding themselves in geopolitical crosshairs with leaders from the US & Germany criticizing their overcapacity for stymieing the development of supply chains in other parts of the world. On the road to net-zero cost-effectiveness, incentives & taxes will play humongous roles in the mid-to-long-term. #solarpower #useconomy #solarpanels #tradewar #geopolitics #sustainability #renewableenergy #netzero #macroeconomics #sustainablefinance

Is the EU solar manufacturing industry now set for a rebound? ☀️ Yesterday, 23 countries signed the European Solar Charter (ESC), a beacon of hope for reviving domestic manufacturing. Why? China's grip on solar manufacturing is undeniable, accounting for a whopping 97% of all EU imports, leaving domestic manufacturers biting the dust. The sealed and signed charter isn't just about saving jobs. A strong European solar industry strengthens our clean energy independence and fosters innovation. But as many know, a signature changes nothing in isolation, so the next step will be for off-takers and EU Member States to commit to specific quantitative targets, such as a percentage of EU PV modules for deployment projects, ensuring a sustainable supply of high-quality solar PV products in Europe. With Chinese solar panels being about 50% cheaper than its European equivalent, will developers be faced with price Time will tell. Read the release here: https://bit.ly/49F87Zy

US and European manufacturers face a challenge in the solar panel industry as Chinese companies have established a technological edge. The control over the supply chain of solar ingots, solar cells, and solar wafers by Chinese firms further solidifies their dominance in this sector. #SolarIndustry #Manufacturing #SupplyChain

Solar Manufacturing in the US is shining brighter than ever! ☀  The U.S. solar manufacturing sector is booming, thanks to the Inflation Reduction Act (IRA) and a shift towards domestic production. Beyond the big names and core components, there is an exciting parallel expansion in the supply chain, from solar glass to encapsulants and more. Endurans Solar, along with other global companies, is taking the lead in strengthening the local US supply chain beyond primary components. It has been producing backsheets in Nashua (NH) for over three years now and is planning a major expansion in both backsheets and encapsulants. Wonder how this domestic growth is reshaping the industry and boosting innovation? Read the full article from Michael Parr of the Ultra Low Carbon Solar Alliance here 👉 https://lnkd.in/emh65kK9 #SolarManufacturing #CleanEnergy #SustainableGrowth #EnduransSolar #CarbonFootprint 

US and European manufacturers face a challenge in the solar panel industry as Chinese companies have established a technological edge. The control over the supply chain of solar ingots, solar cells, and solar wafers by Chinese firms further solidifies their dominance in this sector. #SolarIndustry #Manufacturing #SupplyChain

Solar isn’t stopping any time soon….just becoming more widely accepted and growing faster that ever with changes in the utility rates and technology.

In his latest Forbes Business Council post, NexWafe CEO Davor Sutija discusses the complexities of developing a 50GW-per-year solar supply chain: "The U.S. must navigate these challenges to overcome the metaphorical 'Great Wall' of foreign dependence and build a robust, end-to-end [solar] supply chain to serve a market that can reach more than 50 GW per year. Balancing the goals of fostering domestic manufacturing, maintaining competitive pricing and ensuring steady growth in solar deployment will be key to achieving long-term energy independence and sustainability." Read the full article: https://bit.ly/46Q3hsE #Forbes #ForbesBusinessCouncil #Solar #Manufacturing

'An invaluable strategic partner”: GCL System Integration on its expansion into European solar' Much has been made, and much ink has been spilled on these pages, of the relationship between the solar sectors of Europe and China. The latter’s dominance of module production – with Wood Mackenzie estimating that China will account for more than 80% of global module production capacity between 2023 and 2026 – has overwhelmed much of the world’s appetite for solar capacity, and Rystad Energy reported last year that over 40GW of Chinese-made modules were simply sitting unused in European warehouses... Continue reading>>https://lnkd.in/ePZncCpE Interested in this topic? Then join us at Solar Finance & Investment Europe where the latest industry trends will be discussed! The final Early Bird Discount ends this Friday! Register today to secure your spot at the best price>> https://lnkd.in/dtn2w78 Click here to view the Attendee Preview- https://lnkd.in/eBP5ex72 #SFIEurope #solar #finance #energystorage #PPA #EUMarkets #Europe #renewableenergy