A perfect storm for PV
The supply chain disruptions that started in the second half of 2020, with the economic opening after Covid-19’s initial waves, reached new highs in 2021. Edurne Zoco, IHS Markit’s executive director for clean technology and renewables, sees five main drivers for the disruptions of the industry throughout 2021. However, forecasts remain bullish, with more than 200GW of new PV installations expected this year.
The solar industry has faced unprecedentedly strong market demand in China and international markets. Corporations, national governments, and financial institutions have all committed to big renewable targets. But the supply chain has been running behind policy and targets in 2021. This is a short-term effect and there is no doubt that solar will be ready …
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