Top Solar Firm Warns Excess Capacity Risks Wave of Failures
Friday May 26, 2023. 09:20 PM , from Slashdot
The global solar market is growing rapidly, with installations expected to rise 36% this year to 344 gigawatts, according to BloombergNEF. But factories are expanding even faster. One step in the supply chain alone -- producing the polysilicon that goes into the panels -- will see capacity rise enough to produce 600 gigawatts this year, BloombergNEF analyst Jenny Chase said in a presentation at SNEC earlier this week. 'There will be a price crash, it will hurt, and there will probably be bankruptcies across the industry,' she said. Others pushed back against overcapacity concerns. Companies that are expanding are doing so because their customers need it, said Li Junfeng, executive council member of the China Energy Research Society.
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