The sun rises on the bifacial module market
With market penetration exceeding expectations in 2018, bifacial technology is set to account for one third of global solar module production by 2022, writes Edurne Zoco, Research Director at IHS Markit. Bifacial and half-cell technologies are rapidly gaining momentum due to their improvements in power output, along with their low implementation barriers and minimal capex requirements.
In 2018, the market share of high-efficiency passivated emitter rear contact (PERC) solar cells combined with half-cell and bifacial module technologies increased faster than anticipated. Surprisingly, the strong growth of these higher-efficiency cell and module technologies was primarily the by-product of a sharp decline in module prices.Module prices declined by nearly 30% in the second …
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