AMPYR Solar Europe’s Post

Solar manufacturer Maxeon Solar Technologies’ shipments in the third quarter could drop by about 23% quarter-on-quarter to only 622MW due to reduced shipments to a US customer and a drop in demand in the global distributed generation (DG) market.

First Solar to open 5th US manufacturing facility in Louisiana https://lnkd.in/gK-UaXhi Thin-film solar PV manufacturer First Solar has confirmed the Louisiana location of its fifth US manufacturing facility, a 3.5GW, US$1.1 billion dollar Cadmium Telluride (CadTel) module production factory. Acadiana Regional Airport in Iberia Parish, Louisiana will play host to the new facility, which is expected to be online and producing First Solar’s Series 7 modules in the first half of 2026. By then, First Solar said that it expects Series 7 products to make up over two thirds of its domestic nameplate capacity, which it anticipates to be around 14GW. The plans for the facility and the accompanying US$1.1 billion investment were first announced in July and follows its plans for facilities in Alabama and Ohio. This new facility will create some 700 new manufacturing jobs, First Solar said. #manufacturing #manufacturingjobs #solarpanels #solarenergy #renewableenergy

Elin Türkiye, a renowned #solarmodule manufacturer with roots tracing back to 1981, has initiated solar module production in #Texas, heralding its debut in the #US market. Operating under the name Sirius PV USA, the company unveiled a 225,000 square foot manufacturing facility in Waller County, near #Houston, Texas. With a strategic vision to expand its footprint in the U.S., #Elin aims to seize the burgeoning demand for #solarenergy solutions in the region. Initially starting with an annual production capacity of 1 gigawatt (GW), the company envisions scaling up to 2 GW within 18 months. Presently, Sirius PV USA boasts a workforce of over 100 associates locally in Texas, with plans to bolster it to 500 associates as production capacity increases. While Elin has a track record of producing #TOPCon modules in #Turkey, Sirius PV USA will kickstart its U.S. operations with #PERC technology, transitioning to TOPCon technology from July onwards. The company's #bifacial PERC modules, ranging from 410 to 580 watts, cater to a diverse range of markets including residential, commercial, and utility-scale applications. #Elin #SiriusPVUSA #SolarModule #SolarEnergy #RenewableEnergy #Manufacturing #Texas #USMarket #TOPCon #PERC #Bifacial #Sustainability #CleanEnergy #USA #NorthAmerica Read more: https://lnkd.in/giWDHMX3

Although from the perspective of the capital market, the fundamentals of the photovoltaic industry seem relatively average this year, the industry itself remains vibrant in terms of development. The photovoltaic industry showed a significant growth rate in 2023, with production on the manufacturing end increasing by over 70% year-on-year. In the first ten months, the domestic photovoltaic newly installed capacity reached 142.6 gigawatts, marking a 145% increase compared to the previous year. The total output value of the photovoltaic manufacturing sector reached 1.3 trillion RMB, all three of these figures hitting historical highs. Especially in terms of newly installed power generation capacity, over half was achieved through photovoltaic power generation. The centralized installation capacity reached 61.8 gigawatts, accounting for approximately 48%, while in distributed installations, residential and commercial installations reached about 33 gigawatts and 34 gigawatts respectively, each accounting for a quarter of the total newly installed capacity. This indicates that demand is experiencing explosive growth in both distributed and centralized systems. Overall, the photovoltaic industry in 2024 is filled with both challenges and opportunities, requiring practitioners to make careful judgments. #supplychainintegration #Renewableenergy #Powergeneration #Photovoltaic #Solarenergy #SolarEPC #Solarproject #Financing #ProcurementSolutions #SharedFuture #Costreduction #Logistics #TradingSupport #Investment #Perspective #solarmanufacturing

Canadian Solar Unveils Plans for 5 GW Solar Wafer Facility in Thailand Canadian Solar has announced a 5 GW solar PV wafer production facility in Chonburi, Thailand. The N-type wafer manufacturing plant is set to commence operations in March 2024, contributing to the existing Thailand TOPCon cell manufacturing plant initially. By 2025, these wafers will serve as inputs to the fully operational 5 GW U.S. cell factory in Jeffersonville, Indiana, as previously announced. Speaking on the development, Thomas Koerner, Senior Vice President of Canadian Solar, said, “Establishing this solar wafer factory in Thailand is a key milestone that will enable us to better serve our U.S. customers with a more diversified and […] Read the full story here: https://lnkd.in/dWeAcVUE #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #asia #canadiansolar #renewableenergy #solarenergy #southeastasia #thailand

EU needs to invest up to 60b EUR in domestic PV production The #EU 's strategic plan is to reach 600 GW of newly installed solar energy by 2030, but the supply chain moved outside Europe almost 15 years ago. EU producers of #PV equipment have only 2.8% (9.2 GW) of global market share of modules, 0.6% (less than 1 GW) of cells, and picture is brighter only in the case of inverters, where share is about 24%. The production of #polysilicon in the EU currently has a global share of 8%. That is primarily thanks to the capacity of Germany's Wacker of about 21 GW. Due to the low cost of labour and electricity, producers from Asia dominate the market. But it seems this could change because the EU has decided to act and support domestic producers. According to a new report from SolarPower Europe, several European manufacturers of various equipment segments have announced significant investments soon. The plan is to increase the production of modules in Europe to 50 GW per year and the production of cells to 32 GW (32 times more) by 2030. But, SolarPower Europe estimates a EUR 30-60 billion financing gap including CAPEX and OPEX to reach the 30 GW target of EU manufacturing capacities across the value chain. Thus, addressing the issue of financing is critical to deploy manufacturing capacities. Manufacturing costs are a key challenge in Europe, so SolarPower Europe is proposing creation of Solar Manufacturing Bank, whose primary goal would be to help manufacturers and to ease the burden of operating costs (OPEX) that have been making European products too expensive for years compared to Asian competition.

#solar power News #china Will Hold 80% of Global Solar Manufacturing Market From 2023-26: Report A recent report from #Wood_Mackenzie claimed that China is likely to hold 80 percent of the global solar manufacturing market between 2023 to 2026. The report claimed that the expansion of the South Asian country would dominate the global solar supply chain despite increasing local manufacturing

#ArctechObservation According to pv magazine Global, Wood Mackenzie forecasts that newly installed #PVcapacity will reach about 270GW worldwide this year, up 33% YoY. Meanwhile, the report points out that the annual #solarinstallation growth rate is anticipated to be 1% in 2024 and 5% in 2025. The #APAC region, including #China, is poised to dominate #PVdeployment until 2032. As a China-based and world’s leading #solartracking, racking and BIPV solutions provider, #Arctech is inspired by this forecast. Headquartered in Kunshan, Jiangsu, South Eastern part of China, the company has set up four #manufacturingbases and six local offices in the region. Founded in 2009, the company has accumulated a portfolio of nearly 50GW #solarPV capacity in the APAC region. Weighing this market heavily, Arctech is also active in participating in #solaractivities in the region. For example, this July, #Arctech brought its latest #solarinnovations to the #FutureEnergyShowVietnam2023. Click the link https://lnkd.in/gAnqfszd to review Arctech’s highlights at this exhibition! #ArctechAPAC #solartrackers #solartracker #trackingsystem #solarenergy #renewableenergy #renewables

Nextracker Opens New U.S. Factory with Dedicated Capacity in Las Vegas with Unimacts Nextracker, a global market leader of solar tracker and software solutions, and Unimacts (UNX), a leading provider of industrial manufacturing and supply chain solutions, today announced the grand opening of a Nextracker-dedicated manufacturing facility in Las Vegas. The new facility, owned and operated by Unimacts, will produce critical steel components exclusively for Nextracker used in ground-mount solar power generation plants to primarily serve projects in Nevada and southwestern states. This is Nextracker’s sixth public dedication of a new manufacturing facility since 2022 and the 15th facility the Company opened or expanded with key suppliers in the U.S. in that time. The […] Read the full story here: https://lnkd.in/dPfuJ_tp #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #cleanenergy #groundmountedpvpowerplants #manufacturing #nextracker #northamerica #seia #solarenergy #solartracker #supplychain #usa #utilityscaleproject

𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐒𝐮𝐛𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 (𝐞-𝐏𝐃𝐅) The increasing need for electricity worldwide, fueled by population growth, urbanization, and industrial expansion, is propelling the expansion of the 𝐬𝐮𝐛𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐦𝐚𝐫𝐤𝐞𝐭. These substations play a crucial role in facilitating the efficient transmission and distribution of electricity. Moreover, the growing adoption of renewable energy sources, such as solar and wind power that require efficient and flexible substations to manage the integration of intermittent energy generation and distribution is further boosting the growth of market. Currently, North America commands the largest portion of the substation market and is forecasted to maintain its leadership in the upcoming period. Conversely, Asia-Pacific is anticipated to witness a consistent growth trajectory in the substation market. This trend is attributed to increasing infrastructure development and the implementation of smart city initiatives, resulting in heightened electricity demand within the region. 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 · Arkema · China Shipbuilding Industry Corporation Diesel Engine Co., Ltd. · Sasol · Xinji XINNENG Chemical Co., ltd. · Yantai Jinzheng Fine Chemical Co., Ltd. · Shanghai Commercial Bank Ltd · TotalEnergies · Soken · GE · NR Electric Co., Ltd · Efacec · Rockwell Automation · Lauritz Knudsen Electrical & Automation · Texas Instruments 𝐀𝐜𝐜𝐞𝐬𝐬 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gRrgbgp4 #marketresearch #marketinsights #markettrends #marketgrowth #globaltrends #globalinsights #globalresearch #businessgrowth #businessinsights