Featured in Embracing change – 02-2024

A cell maker’s survival guide

With solar production capacity expansion plans paused, bigger cell makers will weather the storm through a revised approach to new panel technologies. InfoLink’s Alan Tu says that low profits could also drive innovation and cost savings, pushing the industry to new heights.

By

pv magazine

08 Feb 2024

Vikram Solar has set up a JV with New York-based private equity firm Phalanx Impact Partners. They plan to invest in module, cell, wafer, and ingot manufacturing in the US. | Photo: Vikram Solar

As 2024 opens, the solar industry faces serious surplus after manufacturers accelerated production capacity commissioning across the supply chain in 2023. Driven by technological shifts, the cell segment saw the most excess supply, with total annual manufacturing capacities reaching beyond 1.1 TW in 2023. There was 506 GW of existing passivated emitter rear cell (PERC) …

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