PV installed in 2021 will break all previous records
According to the latest report of IHS Markit, solar photovoltaic devices are expected to grow by 27% year-on-year in 2021 due to strong demand despite rising module prices, long delivery times and rising transportation costs. This is when the solar supply chain enters a new stage, it focuses more on profitability, technology leadership and integration.The demand of solar photovoltaic mounting system also increases greatly.
"Major module manufacturers were out of stock in the first half of this year," explained Josefin Berg, director of clean energy technology research at IHS Markit. There is still no sign of the price of the shipment in July, the production capacity is still sufficient, and there is no major bottleneck, which has changed our forecast of 181 GW of global solar photovoltaic installed capacity“
High production costs and module prices will continue
Although component prices are still above their 2020 lows, IHS Markit expects global demand to continue into the second half of 2021. Some of the materials in the supply chain are experiencing new price spikes, including polysilicon, copper and steel.
Although the cost of some component raw materials (such as glass) is expected to decline from the second quarter of 2021, the decline in component prices will be limited due to strong demand in China and the international market. Manufacturer's profit.
China, the United States and India are record years of solar photovoltaic power generation
IHS Markit predicts that by 2021, the installed capacity of solar PV will exceed 60 gigawatts in Chinese mainland and will continue to track the growth of renewable energy in the country. On its own, 27 gigawatts will be installed in the US market
At the same time, due to the high sensitivity to tariffs, the Indian market will increase the demand for modules from August 2021, as the duty-free import window will be open until April 2022. Given the strong backlog of projects in India in 2020, there will be up to 12 gigawatts of installed capacity. Installed in 2021.
In Europe, a large part of the tender project has to be completed this year, and in some cases, the tender price awarded is already high enough to accommodate the increased costs. However, not all projects planned to be installed in 2021 will continue due to lower than expected per unit area production.
